Google Taps Employees to Crowdsource Its Venture Capital Arm – What Entrepreneurs Should Know About Raising Money From Google Ventures

Google unveiled its strategy for its year-old venture-capital-funding arm Monday: Follow the tips from Google employees to find companies worth investing in that also need help from Google’s immense computing power in the hopes of making billions down the road.

Google Ventures plans to invest $100 million a year in startups, following on nine initial investments in 2009, ranging from an electric vehicle manufacturer to a company finding ways to bring product-placement ads to online images.

At a briefing Monday with reporters, Google Ventures partners David Krane and Bill Maris struggled to explain the scattershot strategy, until CEO Eric Schmidt dropped in to explain.

* By Ryan Singel

Full Story: http://www.wired.com/epicenter/2010/05/google-ventures?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wired%2Findex+%28Wired%3A+Index+3+%28Top+Stories+2%29%29

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What Entrepreneurs Should Know About Raising Money From Google Ventures

Google — a year into operating its venture capital arm, which now counts 10 companies in its portfolio — invited reporters to its Mountain View, Calif. headquarters today for a progress report. If you’re running a startup that would like to get Google Ventures in your next round, here’s what you need to know:

By Liz Gannes

Full Story: http://www.salon.com/technology/the_gigaom_network/tech_insider/index.html?section=tech_insider&blog=/tech/giga_om/tech_insider/2010/05/03/what_entrepreneurs_should_know_about_raising_money_from_google_ventures&source=rss&aim=/tech/giga_om/tech_insider