Google To Invest In… You?
By Anna Johnson on August 1st, 2008Word is that Google plans to launch a venture capital (VC) fund to allow the company to invest in startups.
Google has traditionally bought startups and other companies it wanted and integrated them into the Google fold. Presumably its new VC fund will allow Google to invest in companies it’s not sure about, or companies it doesn’t want to wholly subsume for financial, marketing, cultural or legal reasons. I’m just guessing of course.
The fund will be managed by David Drummond, Google’s senior vice president of corporate development, and Bill Maris, a tech entrepreneur and old business friend of Anne Wojcicki, Google founder Sergey Brin’s wife.
So maybe you have a fledgling company Google might want to invest in?
Sources: Michael Arrington, “Google To Launch Venture Fund”, Tech Crunch, July 30, 2008
