It’s no secret that VC funds have been dry in recent months. Last quarter, not a single VC backed business went public with an IPO, and overall its a frustrating time for entrepreneurs trying to raise capital for their start ups.
Google is adding another division of their rapidly growing business, and has a $100 million fund for start-ups.
“At its core, Google Ventures is charged with finding and helping to develop exceptional start-ups. We’ll be focusing on early stage investments across a diverse range of industries, including consumer Internet, software, clean-tech, bio-tech, health care and, no doubt, other areas we haven’t thought of yet.”
This is a good move for Google, and a breath of fresh air for the entrepreneurial community. I am interested to see what projects get funded by this.
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