Corporate & Securities Law

Google Officially Launches Venture Capital Fund

By Ryan Roberts

I blogged about the rumors in the past, but Google made it official yesterday and announced the launch of their own venture capital fund.

Reports are that Google will commit about $100MM to the fund. According to their blog post, they plan on investing in other sectors than just Internet and software:

We’ll be focusing on early stage investments across a diverse range of industries, including consumer Internet, software, clean-tech, bio-tech, health care and, no doubt, other areas we haven’t thought of yet.

During the rumors in July 2008, Fred Wilson wrote a great piece about why Google SHOULDN’T launch a venture capital arm. It’s a great read about why venture capital returns aren’t fit for large corporations like Google.

Check out the new Google Ventures Website here.

Full post as published by The Startup Lawyer on March 31, 2009 (boomark / email).