Google Inc. Venture Fund Eyes Biotech Start-Ups With $1 Billion in Pocket
9/21/2012 7:31:42 AM
Google's Venture fund is planning to invest $1 billion in a wide-range of start-ups over the next five years, but the firm isn't necessarily looking for the next Facebook, Twitter or other media related business."There's a whole world of innovation out there outside of social media. It's a huge growth area, but we're investing a lot of money in life sciences," said William Maris, Google Ventures managing partner. While Google Ventures, which is currently invested in over 100 companies, is invested in some social media companies, Maris said the fund seeks entrepreneurs that "have a healthy disregard for the impossible" with forward-thinking ideas, especially in biotech.