Aspiring capitalists may want to pay attention to this."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."
Matt Gaetz: Scandals And Controversies
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Tracking scandals and controversies involving Rep. Matt Gaetz, Republican
congressman from Florida. Investigation: Gaetz Was At Party With Minor,
Drugs. “A...
5 days ago