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Google Plans Its Own Venture Capital Arm To Invest In Startups

In an effort to extend its reach to start-up companies, Google is planning to establish its own venture capital (VC) arm very soon, the Wall Street Journal reported.

The company has hired William Maris, a web entrepreneur and investor, for setting up the venture, and company’s Senior Vice President, David Drummond, is said to lead the endeavour.

Maris has already worked with Anne Wjocicki in launching a health investment fund, named, Catalytic Health; Wjocicki is wife of Google’s co-founder Sergey Brin.

The new arm would help Google in assuming a more formalised role in supporting the start-ups to grow comprehensively.

As of now, VC investing is passing through tough times, and according to Dow Jones VentureSource reports, VC investing has dropped down by 12 percent in second quarter, in comparison to the same period a year back.

The new move may prove to be a boon for several start-up firms, as Google has an incredible track-record of helping several start-ups in the past.

Désiré Athow
Désiré Athow

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at ITProPortal.com where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.