Google Ventures Fund set to Invest $100 Million

The newly formed Google Venture Capital Fund is set to invest $100 million this year. The fund is seeking investment opportunities to maximize returns rather than looking for investments that strictly fit with Google's strategic vision. This should be music to the ears of entrepreneurs.

Rich Miner said,

that Google Ventures will look at a wide variety of companies to invest in, including consumer Internet products, information technology, health care and biotech, among other areas.

The fund will focus primarily on companies seeking seed funding and early stage funding, and Google Ventures will have the ability to make investments ranging from tens of thousands to "several tens of millions" of dollars.

Early stage, across the board, this is really good news.

Here is the link to the Google Ventures page.