Google Launches VC Funding Company

By Jane McEntegart, published on March 31, 2009 at 10:10 AM
Source: Tom's Guide US | Keywords: , , , | Themes: The Internet, Business
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Google today announced its latest venture: Venture capital funding.

The company announced via its blog that it will be establish a venture capital fund company, the imaginatively named Google Ventures. Explaining that good ideas don’t pay heed to economic downturn, the company explained that it is looking for and eager to help develop exceptional start-ups, focusing on early stage investments.

Google will be focusing on a various different industries including consumer internet, software, clean-tech, bio-tech, health care and, the all encompassing “other areas we haven't thought of yet.”

While Managing Partners of Google Ventures Rich Miner and Bill Maris played up how much Google just wants to invest in great ideas, we can’t help but get that “giant lasers and plan for world domination” feeling about this. Let's just say we wouldn’t be the least bit surprised if Google provided venture capital for a small start up, only to buy that same company a couple of years later.

What are your thoughts on this? Is this Google investing or is it Google perusing for future buyouts? Leave your thoughts below!

 (Via Google Blog/Google Ventures)

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bornking 03/31/2009 5:21 PM
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I have a perfect business for them. I am in the solar industry and wish they would pay attention to the small guys with big ideas on how to save money in this industry!

We (small guys) think big, and I think Google knows that best.

JMcEntegart 03/31/2009 5:33 PM
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You should email ventures@google.com if you have an idea that you'd like them to provide venture funding for. :)

teh_boxzor 03/31/2009 5:34 PM
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future buyouts!!! Its genius really. go google. make yourself big and monopolize everything!

Airrax 03/31/2009 5:43 PM
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bornking :
I have a perfect business for them. I am in the solar industry and wish they would pay attention to the small guys with big ideas on how to save money in this industry!We (small guys) think big, and I think Google knows that best.




I hope it involves black silicon...

Anyway, to me this does sound like a good idea. Google, although they seem almost Big Brother like, seems to have a vast interest in furthering technology vs. furthering their pocketbook. I'd rather have an investor worried more about advancement over pure return.

bornking 03/31/2009 5:46 PM
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It does not involve black silicon as we do not require any particular solar panel technology for our business model. Any high efficiency solar panel will do, including CPV such as SolFocus.

I emailed them a polite note asking if they are interested in future talks but will not tell them details without an NDA signed!

Neither should any of you give away details without signing NDA's!

nekatreven 03/31/2009 11:14 PM
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Makes me want to email them a bunch of schemes about generating legitimate traffic and making money off of adwords. Something tells me they wouldn't be down with that. :)

neiroatopelcc 04/01/2009 9:21 AM
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JMcEntegart :
You should email ventures@google.com if you have an idea that you'd like them to provide venture funding for.


Ou! you look .... prepresentable. Single by any chance?

neiroatopelcc 04/01/2009 9:22 AM
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representable ofc .... oh well. no edit.

JMcEntegart 04/01/2009 9:45 AM
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Because looking like I do, in the industry I'm in, I'd have to settle for a man that refers to me as presentable? Hard luck mate. I'm afraid it takes a higher class of compliment to win me over.

neiroatopelcc 04/01/2009 9:50 AM
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JMcEntegart :
Because looking like I do, in the industry I'm in, I'd have to settle for a man that refers to me as presentable? Hard luck mate. I'm afraid it takes a higher class of compliment to win me over.


I'd be able to offer such required higher class of compliment by all probability, but I am too honest to hand out compliments that I'd have to invent. Let me get to know you though, and I'm sure I'll find something more appropriate.

JMcEntegart 04/01/2009 10:06 AM
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As appealing an offer as that is, I reckon I'll have to pass on the basis of self-respect and being too lazy to think of a better response than this. Sorry. :)

neiroatopelcc 04/01/2009 10:10 AM
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self respect?
u know - the video that tuan (I think) posted the other day said that 1 in 8 people in the us married last year met on the net - I dunno if it's true, but what I do know is, that there's an ad in german tv (dating site) claiming that 1 in 6 pairs met on the net ... ; I don't believe that last number, but I'm sure there are more than is obvious, though I know no german pairs that met on the net.

Anyway. should you change your mind, my profile will probably be around for a few more years, unless best of media shuts down too that is :)

neiroatopelcc 04/01/2009 10:11 AM
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Oh and sorry for derailing the thread. Not truely my style, but today's different.

JMcEntegart 04/01/2009 10:17 AM
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neiroatopelcc :
self respect? u know - the video that tuan (I think) posted the other day said that 1 in 8 people in the us married last year met on the net - I dunno if it's true, but what I do know is, that there's an ad in german tv (dating site) claiming that 1 in 6 pairs met on the net ... ; I don't believe that last number, but I'm sure there are more than is obvious, though I know no german pairs that met on the net.Anyway. should you change your mind, my profile will probably be around for a few more years, unless best of media shuts down too that is




Luckily, I'm not American. Living in Dublin, that statistic doesn't apply to the likes of me. :P

neiroatopelcc 04/01/2009 10:23 AM
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JMcEntegart :
Luckily, I'm not American. Living in Dublin, that statistic doesn't apply to the likes of me.


I know that - otherwise I'd not have said anything in the first place. America's too far away, and americans often too arrogant for me to like it. Plus british and irish sounds a lot cooler than mac donald talk.

JMcEntegart 04/01/2009 10:26 AM
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Careful... Britain and Ireland, rocky relationship there. 800 years of oppression.

neiroatopelcc 04/01/2009 10:34 AM
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be that as it may, both types of english sound cool - and I understand neither irish or british local language at all (stuff like welch), so to me ireland and england are similar enough. But ye, I know there's been some hostilities for a long time. Probably since rome withdrew their forces from england, or even earlier. Not that I'm too familiar with history, but I have seen a few knight movies and some bbc history now and then :)

Anyhow, our company sometimes send it students to xerox in dublin for a practical experience of computer stuff, and I don't recall anyone complaining about street fights between irish and their neighbors ... so it's harmless really to compare you and them. But sure, if you compare two you insult both. Guilty.

goryachev 04/01/2009 5:54 PM
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JMcEntegart, neiroatopelcc, guys, maybe you should take it offline.

As to google, I think it's great, that google gives changes, and buyouts are probably written in the contract. If not, no one needs to sell nothing.

goryachev 04/01/2009 5:57 PM
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ups, a meant chances, not changes.
(Why there is no edit option?)

JMcEntegart 04/01/2009 6:12 PM
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goryachev :
JMcEntegart, neiroatopelcc, guys, maybe you should take it offline.As to google, I think it's great, that google gives changes, and buyouts are probably written in the contract. If not, no one needs to sell nothing.



Trust me, I've got what I want offline. :)

neiroatopelcc 04/02/2009 9:04 AM
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JMcEntegart :
Trust me, I've got what I want offline.


You're just not aware you want more :)

@ goryachev : Sry if it bothers you. My fault for derailing, not jane's. But if it's too misplaced for you to accept I suppose you could always use the red triangle on all the posts to complain.

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