Google revealed more details about its plans to establish a $100-million venture-capital fund, which has to be welcome news during a time when VC investment is shrinking.
On its blog, Google announced William Maris, an online entrepreneur, and Rich Miner, the co-founder of the Android platform, will be managing partners of the fund. The two will evaluate opportunities across a gamut of industries, including software, clean-tech, consumer Internet, biotech and health care. It will bring "to bear Google's unique technical expertise and brand" to "find young companies with truly awesome potential and encourage their development into successful businesses," the two wrote.
Rather than backing companies related to its product lines, the VC aims to manage for returns and consider a plethora of investments, according to people cited in the the Wall Street Journal.
For more:
- check out this WSJ article [1] (sub. req.)
Related articles:
Google [2] most visited mobile website in U.S., says Opera
Google: [3] More than a million Latitude users in first week
Google's Android Market [4] now accepting premium apps
Google [5] introduces AdSense for mobile search
Google Maps [6] for mobile expands to S60, WinMo phones
Google [7] promises tight Maps integration on Android
Links:
[1] http://online.wsj.com/article/SB123847964976273011.html
[2] http://www.fiercemobilecontent.com/story/google-most-visited-mobile-website-u-s-says-opera/2009-03-26?utm_medium=rss&utm_source=rss&cmp-id=OTC-RSS-FMC0
[3] http://www.fiercemobilecontent.com/story/google-more-million-latitude-users-first-week/2009-02-18
[4] http://www.fiercedeveloper.com/story/android-market-now-accepting-premium-apps/2009-02-13?utm_medium=rss&utm_source=rss&cmp-id=OTC-RSS-FD0
[5] http://www.fiercemobilecontent.com/story/google-introduces-adsense-mobile-search/2009-02-11
[6] http://www.fiercemobilecontent.com/story/google-maps-mobile-expands-s60-winmo-phones/2008-12-11
[7] http://www.fiercemobilecontent.com/story/google-promises-tight-maps-integration-android/2008-10-09