According to the Wall St. Journal, Google is currently planning to start its own venture capital group. If true, the move would enable Google to not only seed some interesting start-ups, but also get an early foot in the door when it comes time to purchase them or reap the rewards of a later IPO.
The Journal sources say the group will be led by David Drummond, Google's senior vice president of corporate development and chief legal officer. The company has also hired entrepreneur William Maris to help set up the new VC arm.
Read more: networkworld.com
