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Google Forms $100 Million Venture Fund
March 31, 2009 /
Google is forming a $100 million fund to invest in early-stage start-up firms.
The fund, to be called Google Ventures http://www.google.com/ventures/ , will be wholly owned by Google, but will operate as a separate entity and will seek investment opportunities to maximize returns rather than looking for investments that strictly fit with Google’s strategic vision.
Rich Miner, a co-founder of Android smart phone software that Google acquired in 2005, and Bill Maris are the fund’s two managing partners.
Full Story: http://www.wired.com/techbiz/media/news/2009/03/reuters_us_google_fund
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