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- Expects to invest $100 in the next 12 months
- Overseer: David Drummond, senior vice president of corporate developing and chief legal officer at Google
- William Maris and Rich Miner will vet the investments
- Miner is the co-founder of Android, which was sold to Google in '05The New York Times: Google to Announce Venture Fund (March 31, 2009)
- Invested in Silver Spring Networks and PixazzaThe New York Times: Google to Announce Venture Fund (March 31, 2009)
- Offices in Mountain View, CA, and Cambridge, MA
- Mountain View phone number: 1-650-253-0000
- Cambridge phone number: 1-617-575-1300
- E-mail: ventures@google.com
- Launched on March 31, 2009
- Google shares rose $5.37 on the March 31
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Google Ventures is a new venture capital firm that seeks to invest in start-ups and growing companies in the Internet, software, hardware, clean-tech, bio-tech and health care industries. The fund will invest at the seed to mezzanine stage.Official Website: Google Ventures
Although Google has invested in a number of companies in the past, Ventures has dedicated $100 million to invest in the next 12 months with the purpose of turning a profit for its search giant parent company.The New York Times: Google to Announce Venture Fund (March 31, 2009)
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