Wednesday, April 08, 2009

Silver Lining - Google Venture Fund

I noticed Google Starts Venture Fund from The Washington Post but have seen little mention of it elsewhere:
"Google Ventures will invest $100 million in its first year and mostly target young companies, Bill Maris, a managing partner of the unit, said in an interview. The fund will invest in areas such as consumer-oriented Internet companies, health care, robotics and nanotechnology, he said.

The unit may help Google tap technologies that benefit the company's business, said Rich Miner, also a managing partner of the venture.

The announcement comes at a challenging time for venture capital firms. Fundraising in the industry in the United States fell 71 percent last quarter, according to the National Venture Capital Association."
Aspiring capitalists may want to pay attention to this.

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