I think this new fund is basically a stunt to get a lot of headlines in the business press. It's not a coincidence that KP is announcing this at the same press

I think this new fund is basically a stunt to get a lot of headlines in the business press. It's not a coincidence that KP is announcing this at the same press conference where Apple announces a bunch of business-friendly iPhone features. The seventies-era Steve Jobs would have just put up a bloody banner that said DELENDA EST RIM, but I'm sure the older and wiser Jobs decided that an influential VC in a suit, wielding a suitcase stuffed with hundred-dollar bills, would make a better impression on the typical IT manager. Did they name a single company that would actually get any of this money? I haven't seen any mention of one. And AFAIK the existence of a big pile of yet-uninvested VC money is not news.