Google Inc.c Venture Fund Eyes Biotech Start-Ups with $1 Billion in Pocket
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.
Source:http://www.biospace.com/News/google-inc-venture-fund-eyes-biotech-start-ups/273722/Source=TopBreaking
Read At:
http://www.cnbc.com//id/49105571
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