Google Starts a Venture Capitalist Fund

If you didn’t think Google had enough dominance in search, try this on for size: the search engine giant has started a venture capitalist fund. The areas they seek to invest are:

  • Consumer Internet
  • Software
  • Clean-tech
  • Bio-tech
  • Health care

Google says more industries could be added in the future as their interest determines. Google says it will follow the best practices of “top-tier, financially focused venture capital firms” and place Googlers at the center of the effort.

Will Google be successful? I’m sure a lot of you have opinions on the matter. Let ’em rip in the comments.

Related Reading:
Google Beats Wall Street Estimates for Q4 2008, Despite Profit Drop
Google’s Schmidt Talks Yahoo, Newspapers, ‘Don’t Be Evil’, and iPhone

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