If you've got the technical ability, creating an iPhone app sounds like it would be a quick way to make a lot of money. The problem is, you're not the only one who thinks so. Kleiner Perkins Caufield & Byers, the VC firm that runs the iFund with Apple says that they've gotten more business plans from wannabe developers than they know what to do with. Says the manager of the fund, Matt Murphy, on their new blog, launched today:

"In 6 months, we've received over 2,700 plans. That's about 20x what we received in a similar period last year. Out of that group, we've funded five companies."

In even more irritating news, Murphy also notes that almost a full one-third of the $100 million fund has been cashed.

What we want to know though is whether a savvy developer with a full set up really even needs funding to begin with. Given that most of the apps in the store right now got there without funding (and, yeah, that's not saying a whole lot), why does the next gen need it either? Strikes us that the creating the coolest, freshest apps is more a matter of brain power than it is money. We're open to opposing arguments though.

What do you think?