Google Ventures is almost here
Rich Miner, creator of Android, is moving to jump start Google's latest venture, Google Ventures, which will provide capital to startups.
Google has been working on this for quite some time. In 2007, Business Week reported that Google is going to take on a new role as a Venture Capitalist. WSJ reported last year in July about Google's new venture capital arm.
TechCrunch thinks Google Ventures is a bad idea and that "Starting a venture fund is not really the best use of Google’s capital." I disagree with TechCrunch mostly because I think it can be an effective way for Google to outsource innovation and give some of the big billions back to startups.
Google has been working on this for quite some time. In 2007, Business Week reported that Google is going to take on a new role as a Venture Capitalist. WSJ reported last year in July about Google's new venture capital arm.
TechCrunch thinks Google Ventures is a bad idea and that "Starting a venture fund is not really the best use of Google’s capital." I disagree with TechCrunch mostly because I think it can be an effective way for Google to outsource innovation and give some of the big billions back to startups.
Labels: google, googleventures, startup, venture capital
posted by Frank at 4:29 PM
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