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Is Google To Follow Intel and Motorola by Launching Venture Capital Investment Arm?

Google has hired William Maris, a former Web hosting entrepreneur, to help set up the unit

Is Google’s senior vice president of corporate development and chief legal officer David Drummond (pictured), about to become the head of a dedicated Venture Capital division of Google? The Wall Street Journal seems to think so - adding that Google has hired William Maris, a former Web hosting entrepreneur, to help set up the unit.

As TechCrunch points out this would give Google the capacity, instead of flat out acquisition, of taking a stake in an company in which it is interested. In June of last year Google started a fund to invest in other companies called Gadget Ventures.

"The move would make Google the latest technology giant to take on a more-formal role in seeding start-ups," notes the Journal in its article, which continues:

"Intel Corp. has had a large venture-capital arm for years, as have Motorola Inc., Comcast Corp. and many others. In the consumer-Internet area, Walt Disney Co.’s Steamboat Ventures has invested in a number of Web start-ups. So has Amazon.com Inc., which has funded a number of young companies without structuring a formal fund."

 

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