RIM's BlackBerry fund to expand mobile-app investments

09/24/2009 | Bloomberg

The Research in Motion-backed BlackBerry Partners Fund will expand its portfolio to back developers who write applications beyond games and ringtones, said officials at the $140 million venture fund. "Somebody coined the phrase that a lot of people are making a little bit of money and only a few people are making a lot of money. Our job is to find the few that are making a lot of money," said Kevin Talbot, head of RBC Venture Partners and the fund's co-managing partner.

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