Picture of Easy iPhone Tripod Mount
I have a mini tripod that I love to use on my digital camera. It's light, portable and an all-around good product.  Once I got an iPhone, I wanted to use the tripod for that as well. 
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Step 1: Parts & Tools

Picture of Parts & Tools
We won't need much:

7/16" nut & washer
iPhone with a hard case (not shown)

Step 2: Glue on the nut...

Picture of Glue on the nut...
I cleaned the hardcase with a little rubbing alcohol to ensure a good bond.  Apply the nut and epoxy on the rigid portion of the phone case.  (I chose a "landscape" orientation for picture taking and video viewing.)  Clamp in place and leave undisturbed.  My epoxy set up pretty quick.

Step 3: Final Product

Picture of Final Product
Pictured is my phone with nut firmly glued in place.  I thought the nut would hang up in jean pocket, but so far it has worked great.

Step 4: Where is the washer?

Picture of Where is the washer?
I used the washer between the nut and the tripod to ensure a firm seating.

This is my first instructable!  Thanks for viewing.
simple and effective!
cool, you should upload a video, I'd love to see what it looks like when you're biking