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Google Announces Venture Capital Fund

Very few strings attached

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It’s quite possible that, over the next few days, more short, business-oriented PowerPoint presentations will be put together than the world has ever seen.  Google’s announced a new venture capital fund, and the aptly-named Google Ventures is looking for companies to support.

A post on the Official Google Blog outlined the managing partners’ rather open-minded approach.  "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."

Google Ventures
 

Working with Google Ventures supposedly won’t bind a business to using Google’s products or getting bought by the search giant, either.

A simple 20-slide (or three-page) presentation sent to ventures@google.com is all that’s required of companies that want to put hats in the ring.  Rumor has it that at least $100 million is up for grabs.

Also, if you’re feeling either suspicious of or thankful for the timing of this development, the official post touched on the issue by stating, "Economically, times are tough, but great ideas come when they will.  If anything, we think the current downturn is an ideal time to invest in nascent companies that have the chance to be the ‘next big thing,’ and we’ll be working hard to find them."

Google Announces Venture Capital Fund
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