Facebook Announces First 25 fbFund Finalists

Today Facebook will announce 25 of the 50 fbFund finalists. The latest round of the fbFund was targeting Facebook Connect applications as well as iPhone applications although a number of general platform applications were also accepted into the fund. This is the second fbFund round in which finalists will have a chance to compete for seed investments of up to $100,000.

According to an upcoming blog post from Dave McClure, “10-week program will begin in mid-June and go thru end of August in Silicon Valley, and will be housed at one of the former Facebook offices in downtown Palo Alto.”

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