John Doerr and partners at Kleiner Perkins Caufield & Byers have increased the size of the iFund (for iPad apps) and see the iPad (and other tablets) enabling users to interact “fluidly on full and fast screens with vast information stored locally. And that will start a third renaissance of software.

“It’s time to move beyond spreadsheets and word processors, beyond web sites limited by browsers… to interactive, connected applications with incredible simplicity, speed, and fluidity.

“Bill Joy says the key to more performance is lower power. Over the next decade he sees 3 times better batteries, and 10 times lower power chips. So we should be able to run, for the same price, 30 times as much application… [and] storage.”

“What’s important is the new ways tablet computers will be used. They won’t just be reactive, responding to commands. They’ll also be proactive.

“They will be much more than personal computers. They’ll be interpersonal surfaces and services. Working seamlessly, unobtrusively, and comfortably in the spaces between us, between you and me and others.”