ShaneMcLean.com

Information on legal and business topics from Canadian business lawyer Shane McLean

Google’s US$100M Venture Fund

Posted by Shane McLean on April 24, 2009

Originally Posted on www.StartupOttawa.com on  March 31, 2009.

Google has announced a US$100 million fund to invest in early stage startup companies  (see Wired coverage).  According to Google the fund’s mandate is to make money, as opposed to looking for technologies that fit into or are complementary to Google’s plan for world domination.  This is a similar story to what we hear from the  Blackberry Partners Fund which claims to be interested in mobile apps without regard to the platform.   However, I suspect that no matter what they say, these funds will always have a soft spot in their hearts when it comes to funding companies that play into the business plans of their respective motherships.  I’d love to see some stats that sort their investments based on platform.  It would be interesting to see if the Blackberry Partners Fund has invested in iPhone apps or if the Google fund invests in startups developing for the Microsoft platform.

As an interesting aside, the Washington Post is reporting that someone (not Google) registered the domain name googleventures.com back in 2004 and Google has filed a UDRP (Uniform Domain-Name Dispute-Resolution Policy) case in February with respect to the domain name.  No word on the ownership status of googleventurefund.com but at the time of my writing this it takes you to a generic Netfirms page.

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