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]
^ a bSchonfeld, Erick (2009-04-04). "The Google Ventures Cheat Sheet". TechCrunch. Retrieved 2009-04-15.
^Team
^"Team | Google Ventures". March 26, 2014. Archived from the original on March 26, 2014.
^"Delaware Corporate Entity Search". Archived from the original on September 21, 2015. Retrieved March 5, 2022. (file no. 4726690)
^Bill Maris, CEO Profile
^"Press". GV. Retrieved 2015-12-09.
^"GV". gv.com. Retrieved 16 December 2015.
^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.
^"Google Ventures founder Bill Maris is back. Again". Axios. 14 March 2017.
^"Google Ventures and the Search for Immortality". Bloomberg.com. 9 March 2015.
^"Bill Maris Steps Down as CEO of Google Ventures". Fortune.
^"Exclusive: Google Ventures beefs up fund size to $300 million a year". Reuters. 8 November 2012.
^Oscar Williams-Grut (28 October 2014). "Bill Maris interview: Google Ventures into Europe". The Independent.
^"Google Ventures invests in Europe". 9 July 2014.
^Primack, Dan. "Deals of the day: Shape Security raises $40 million". Fortune. Retrieved 14 May 2015.
^Chernova, Yuliya (2015-12-06). "Google Ventures Dials Down Seed Deals, Urges Mature Startups to Go Public". WSJ. Retrieved 2018-04-11.
^Wong, Joon Ian (12 August 2016). "Google's (GOOG) not investing in young startups anymore — Quartz". qz.com. Retrieved 2018-04-11.
^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.
^Candice Morgan (September 2, 2020). "How to build a race-conscious equity, diversity, and inclusion strategy". Fast Company. Retrieved October 11, 2021.
^Courtney Connley (October 22, 2020). "Meet Terri Burns, the youngest and first black female partner at GV, formerly known as Google Ventures". CNBC. Retrieved June 23, 2021.
^"How Google Ventures does rapid prototyping 'design sprints' with its 170 startups". VentureBeat. 14 August 2013.
^"Inside A Google Ventures Design Sprint". TechCrunch. 23 October 2013.
^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.
^"Will Google Ventures disrupt venture capital?". onstartups.com. Retrieved 2014-02-03.
^Manjoo, Farhad (16 April 2012). "Google's Creative Destruction". Fast Company.