Only Google would put together a US$100 million venture fund during a financial crisis. Google Ventures will concentrate on seeking out investment opportunities in early tech start-ups. Sticking with the company’s ‘don’t be evil’ mantra, managing partner Rich Miner explains the ethos behind it:
Just as we were founded by entrepreneurs, we think we can help some of those next entrepreneurs with the next great idea.
That’s so noble. Wouldn’t have anything to do with being able to snap up prime tech-real estate at bargain prices, now would it? It’s a brilliant idea regardless of the thinking behind it, and will undoubtably lead to some cool innovations and hopefully more jobs.