Google announces venture fund - expected to invest $100 million in the next tweleve months. Google Ventures will be part of Corporate Development led by David Drummond, SVP, Corporate Development and Chief Legal Officer.
Google Ventures has already invested in Silver Spring Networks, which provides technology to help manage electric grids and Pixazza, which links online images with related products that can be purchased.
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Bill Maris is a Managing Partner of Google Ventures. Bill brings more than a decade of diverse operational, entrepreneurial and leadership experience to Google Ventures. Bill's past successes include founding Web hosting pioneer Burlee.com, which he subsequently sold to Interland, Inc. (NASDAQ: WWWW), now known as Web.com. Prior to that, Bill was a portfolio manager for Stockholm, Sweden-based Investor AB, one of the world's largest industrial holding companies, where he co-managed the biotechnology and health care portfolios. Bill’s background also includes scientific research into cholinergic visual pathways, cell membrane patch clamping techniques and in-vivo neuronal cell injection at Duke University Medical Center, Department of Neurobiology. Bill is based in Mountain View, CA and received an A.B. with honors in Neuroscience from Middlebury College.
Rich Miner is a Managing Partner of Google Ventures. He has spent the past 25 years growing businesses with innovative communications and interface-intensive applications. Rich joined Google through the acquisition of Android, a mobile platforms company.