Tech Giants To Invest in Social Web

Image via CrunchBaseFacebook, Amazon and Zynga will invest in a fund named as sFund to develop application and services for the new generation of social web. The major share of $250m will come from venture capital firm Kleiner Perkins Caufield & Byers. The main focus is going to be on social start-ups for industries from consumer to enterprise and from health to mobile. It will not invest in