Google Ventures is Ready To Fund Your Startup

Posted by Erdem OZKAN on 31 March, 2009

This item was filled under [ Business Development, Entrepreneurship, Funding, Google, News ]

google_ventures_logo Google finally launched its venture capital fund. Google Ventures welcomes startups from a broad range of industries; including consumer Internet, software, hardware, clean-tech, bio-tech and health care.

The FAQ of Google Ventures tells all the vision and targets of the fund. Google says that they are looking for entrepreneurs who have solutions for problems in creative and innovative ways. They also say that they are also able to invest amounts ranging from seed funding to tens of millions of dollars, depending on the stage of the opportunity and the company’s need for capital and they welcome the opportunity to co-invest along with outstanding venture or strategic partners. I think they don’t want to seem as a competitor only, also a potential partner for other investors.

TechCrunch’s Michael Arrington sums up Google Ventures as:

Is this a good investor for your startup? The cachet of having Google behind you is great for marketing. But if you think you have the next new Google-killer search idea, you may want to bake it a while before showing the technology to these guys.

I think the same as Michael Arrington except the last part: Google would love to invest in the next new Google-killer search idea and then acquire it!

Google Ventures is now open and ready to fund your startups, but i think you will have to wait in a very long queue.