A $100 million venture capital investment fund that was designed to help companies develop programs for the Apple iPhone and iPod Touch platforms has been left with egg on its face. The reason? A database containing information about 588 startup firms seeking funding was accidentally leaked onto the internet.
Startup companies applied for a slice of the Kleiner Perkins Caufield & Byers (KPCB) $100 million iFund by submitting their business plans, financial information, senior management biographies and demos.
According to reports, KPCB’s former hosting provider Meteora has been blamed for accidentally making the SQL database of applicants public, which was subsequently sucked up by the Google search engine.
This is obviously embarrassing for the VC firm, but you can’t help but think that they’re just as…
Read more in my article on the Naked Security website.