Altura, a Facebook App-only Venture Fund Launches (and Facebook conferences on the way…)
For those of you following the facebook buzz, Altura Ventures recently announced they’d formed a fund, AppFactory, that would invest solely in facebook platform apps, advising entrepreneurs from launch to traction to monetization to liquidity.
When Facebook announced its platform, a set of application programming interfaces (APIs) and services that allow outside developers to inject new features and content into the Facebook user experience, Facebook, in essence, became the Social Operating System. Historically, the creation of an operating system, or a platform, has led to a new economy which includes a marketplace of applications.
Dave Henderson from Social Media sent me a link to their Facebook App Dev Con taking place in San Fran in 12 days. (Noah Kagan is also putting together a platform conference for later this year.)
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