Google’s Venture Fund Steps Up the Pace
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Google’s Venture Fund Steps Up the PaceGoogle’s Venture Fund Steps Up the PaceGoogle has been throwing money around the last few days. It bought #xa start-up calledReplica NHL jerseysBumpTop,Energy saving lamp, invested in wind farms and, on Monday, announced its tenth venture investment and some details about its year-old venture capital fund.Google Ventures started in March 2009 with the goal of investing up to $100 million in young companies. Until today, Google has been fairly quiet about the fund’s activities.Though it would not disclose how much it has invested, it said it has made 10 investments and aims to invest about $100 million a year. It will increase the amount of money it is investing and the pace of deals, and will expand beyond North America.The investments have ranged from less than $500,000 to tens of millions ofReplica NHL jerseysdollars. The latest is in Corduro, a Texas start-up that makes technology for Web, mobile and retail payments.Many corporations, including Cisco, Intel and Disney, have venture arms. Most have a strategic goal to fund projects that might someday be useful to the company. But Google executives emphasized that the fund is not an incubator for companies that Google wants to someday buy. It invests in Internet and advertising companies, but also in biotech and clean tech.“This is not a stalking horse for acquiring these companies,” said Eric Schmidt, Google’s chief executive.The Google Ventures team has also expanded from three to 16 full-time people, and Google calls on all its employees to help, said Bill Maris, managing partner of Google Ventures. Much of the deal flow comes from Google employees who have friends who are starting companies.“The majority of the deals we’ve done have either been from our personal networks#x or Googlers who have pointed out somethingReplica NHL jerseysto us, saying, ‘I have a friend,’” Mr. Maris said.相关的主题文章：
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