Google_Ventures

GV (company)

GV (company)

Venture capital unit of Alphabet Inc.


GV Management Company, L.L.C.[4] is a venture capital investment arm of Alphabet Inc., founded by Bill Maris,[5] that provides seed, venture, and growth stage funding to technology companies. Founded as Google Ventures in 2010, the firm has operated independently of Google, Alphabet's search and advertising division, since 2015.[6] GV invests in startup companies in a variety of fields ranging from the Internet, software, and hardware to life science, healthcare, artificial intelligence, transportation, cyber security and agriculture.[7] It has helped finance more than 300 companies that include Uber, Nest, Slack, and Flatiron Health.[8]

Quick Facts Formerly, Company type ...

History

Logo when known as Google Ventures (2009-2015)

The group was founded on March 31, 2010, with a $100 million capital commitment,[1] by Bill Maris who also became GV's first CEO.[9][10][11] In 2012, that commitment was raised to $300 million annually, and the fund has $2 billion under management.[12] In 2014, the group announced $125 million to invest in promising European startups.[13][14] By 2014, it had invested in companies such as Shape Security.[15] In December 2015, the company was renamed GV and introduced a new logo.[16]

As of 2016, GV has been less active as a seed investor, instead shifting its attention to more mature companies.[17][18] There is also a focus on startups in the healthcare markets. It created the biotech company Calico and has invested in Foundation Medicine, Genomics Medicine Ireland, Editas Midicine, and Flatiron Health, among others.[19] In 2020, GV hired Candice Morgan as the firm's first Diversity & Inclusion Partner[20] and promoted Terri Burns from principal to the firm’s first black female partner.[21]

Structure

In 2013, GV developed an intensive, five-day design process, called a Design Sprint, which helps startups solve problems quickly.[22][23][better source needed] It is based on key ideas of agile development and design thinking.[24] In addition, GV provides portfolio companies with access to operational help after making a financial investment.[25] Full-time partners at GV work with portfolio companies on design and product management, marketing, engineering, and recruiting.[26]

See also


References

  1. Schonfeld, Erick (2009-04-04). "The Google Ventures Cheat Sheet". TechCrunch. Retrieved 2009-04-15.
  2. "Team | Google Ventures". March 26, 2014. Archived from the original on March 26, 2014.
  3. "Delaware Corporate Entity Search". Archived from the original on September 21, 2015. Retrieved March 5, 2022. (file no. 4726690)
  4. "Press". GV. Retrieved 2015-12-09.
  5. "GV". gv.com. Retrieved 16 December 2015.
  6. Traitler, Helmut; Coleman, Birgit; Burbidge, Adam (2016). Food Industry R&D: A New Approach. Chichester: John Wiley & Sons. p. 188. ISBN 978-1-119-08939-1.
  7. Oscar Williams-Grut (28 October 2014). "Bill Maris interview: Google Ventures into Europe". The Independent.
  8. Primack, Dan. "Deals of the day: Shape Security raises $40 million". Fortune. Retrieved 14 May 2015.
  9. "Google Ventures Launches Rebranding Initiative". PYMNTS.com. 2015-12-07. Retrieved 2015-12-09.
  10. Chernova, Yuliya (2015-12-06). "Google Ventures Dials Down Seed Deals, Urges Mature Startups to Go Public". WSJ. Retrieved 2018-04-11.
  11. Wong, Joon Ian (12 August 2016). "Google's (GOOG) not investing in young startups anymore — Quartz". qz.com. Retrieved 2018-04-11.
  12. Hilbush, Brian S. (2021). In Silico Dreams: How Artificial Intelligence and Biotechnology Will Create the Medicines of the Future. Hoboken, NJ: John Wiley & Sons. ISBN 978-1-119-74563-1.
  13. Candice Morgan (September 2, 2020). "How to build a race-conscious equity, diversity, and inclusion strategy". Fast Company. Retrieved October 11, 2021.
  14. "Inside A Google Ventures Design Sprint". TechCrunch. 23 October 2013.
  15. Carvalho, Carlos Vaz de; Bauters, Merja (2021). Technology Supported Active Learning: Student-Centered Approaches. Singapore: Springer Nature. p. 84. ISBN 978-981-16-2081-2.
  16. "Will Google Ventures disrupt venture capital?". onstartups.com. Retrieved 2014-02-03.
  17. Manjoo, Farhad (16 April 2012). "Google's Creative Destruction". Fast Company.

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