Facebook Bolsters Platform, Funds Development
Facebook extends its platform for JavaScript developers and opens a $10 million fund to attract development.
Facebook has released a scripting tool to help developers to use JavaScript in their Facebook applications. The social networking company also has implemented a fund to help support developers who are building on Facebook Platform.On Sept. 18, Facebook, based in Palo Alto, Calif., moved its JavaScript tool, FBJS, out of beta to version 1.0, said Marcel Laverdet, a developer on the Facebook team.
Click here to read more why Facebook is following an open door policy for developers.
Facebook opened up its platform to developers in May at a launch event in San Francisco. Since then there have been more than 3,000 applications built on the platform.
In an interview with eWEEK, Facebooks chief technology officer, Adam DAngelo, said: "We see this as just a platform and developers can build whatever they want on top of it. And so it could be tools for businesses or it could be applications for consumers."
Meanwhile, the fbFund will be administered by Facebook and funded by Accel Partners and the Founders Fund. The investment committee will be comprised of Mark Zuckerberg, Facebook founder and CEO, and Chamath Palihapitiya, Facebook vice president of product marketing and operations. The committee also will include some Facebook board members, the company said. And the fbFund also has established an advisory council to help advise the committee on decisions, Facebook officials said.
In July, Bay Partners, a Menlo Park, Calif., venture capital firm announced AppFactory, a program for funding entrepreneurs writing applications for Facebook Platform. According to Salil Deshpande, a partner at Bay Partners, the firm is targeting tens of investments of $25,000 to $250,000 using a flexible, fast-track approval process.
"Facebook, in essence, has become the social operating system," Deshpande said. "Historically, the creation of an operating system, or a platform, has always led to a new economy which includes a marketplace of applications that are optimally designed for that platform and its user base."
Deshpande said Bay Partners is looking for the "killer apps" for the new social operating system.
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