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!