Facebook apps fund launched

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facebook, Accel and Founders Fund are joining forces to proide funding for facebook app startups.

According to TechCrunch: “The size of the fund will be $10 million (coming from Accel and Founders Fund) with anywhere between $25 to $250 thousand in grants available for each selected startup dedicated to developing Facebook applications. Founders Fund and Accel will get the right of first refusal for the first round of financing of any company in the fund.”

This would have been great in the early days of the Tablet PC market.