Google Forms $100 Million Venture Fund
NEW YORK (Reuters) - Google Inc (GOOG.O) is forming a $100 million fund to invest in early-stage start-up firms. The fund, to be called Google 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.
31 March 2009•2 mins read
