iPhone Exec: Leaving to invest in wireless medicine start-ups

By Brian Dolan

Bob BorchersApple's senior director of worldwide product development for the iPhone recently left the company to join venture capital firm Opus Capital as a general partner. Bob Borchers, 43, previously worked at Nokia and Nike before joining Apple in 2004.

Borchers told VentureWire he won't be leaving the wireless industry: his focus at Opus will include wireless and medicine as well as mobile marketing technologies.

Opus currently has four partners and more than $1 billion in committed capital. It raised its last fund, which has $280 million in assets, in 2006.

At Apple's special sneak preview of iPhone OS 3.0, Scott Forstall, SVP of iPhone Software at Apple declared: "Now here's a class [of services] that we think will be really interesting: medical devices." A few weeks later, Apple's Mark Wilson reportedly said that "The medical community is flocking to the iPhone" during his remarks at Apple's Worldwide Developers Conference.

For more read this report from the San Francisco Business Journal