Google tiptoes into venture capital
Google has committed money to two Indian venture capital firms, saying fledgling companies in India with good ideas have too few avenues for financial support.
Google invested undisclosed amounts into small venture firms Seedfund and Erasmic. The amounts were likely in the single digit millions.
This continues Google’s experiment with different forms of corporate development. The move is significant because the rap on corporate investors is that they’re unreliable — enthusiastically supporting companies when times are good,… Continue Reading