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Need venture capital? Google Ventures

Posted by Michael Bloch in web development (Wednesday April 1, 2009 )

There’s so many good ideas out there yet so little cash to go around at the moment it seems. Google to the rescue once again.

One of the great things about tough times is that it tends to generate a lot of innovation; but to get innovation out into the marketplace usually takes a fair amount of cash; which may be scarce at the point when it’s needed most. It’s a real catch-22.

Google Ventures is Google’s new venture capital fund (how about that?). Google Ventures taps into the best practices of the cream of venture capital firms and along with their own substantial clout and resources, the company believes they can foster young companies with outstanding potential and encourage their development into successful businesses.

Google Ventures will focus on startup investments across a wide range of industries, including consumer Internet, software, clean-tech, bio-tech, health care and a variety of other areas.

It sounds as though there’s a fair bit of cash behind this as they will be able to invest “from seed funding to tens of millions of dollars” – but don’t expect it to be an easy handout. The company didn’t get as big as it did without some level of due diligence.

If you’d like to get your idea in front of the Big G, you’ll need to limit your presentation to no more than 20 slides or three type-written pages. Bear in mind that there will be a lot of competition, so you may not receive a reply. As to the confidentiality side of things, I have no idea; but it certainly wouldn’t hurt to add “Commercial In Confidence” in bold lettering on each page/slide of your presentation – better still, get some legal advice first in order to best protect your IP (Intellectual Property). Google’s motto is “do no evil”, but it’s best to be safe rather than sorry :).

Anyhow, it sounds like a great opportunity and you can send your presentations directly to ventures@google.com or learn more about the Google Ventures initiative here.



 

 
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