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GV (company)

Venture capital unit of Alphabet Inc

GV (company)

Venture capital unit of Alphabet Inc

FieldValue
nameGV Management Company, L.L.C.
logoGV logo.svg
logo_size190px
typeSubsidiary
former_nameGoogle Ventures (2010–2015)
foundation(as Google Ventures){{cite weburl=https://techcrunch.com/2009/04/04/the-google-ventures-cheat-sheet/title=The Google Ventures Cheat Sheetlast=Schonfeldfirst=Erickdate=2009-04-04
publisherTechCrunchaccess-date=2009-04-15 }}
location{{Plainlist
founderBill Maris (founding CEO)
key_peopleDavid Krane (CEO)
industryVenture capital
productsInvestments
assets$8 billion
parent{{Plainlist
homepage
  • Mountain View, California
  • San Francisco, California
  • New York City, New York
  • Cambridge, Massachusetts
  • London, England
  • Google (2010–2015)
  • Alphabet Inc. (2015–present)

GV Management Company, L.L.C. is a venture capital investment arm of Alphabet Inc., founded by Bill Maris, 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. 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. It has helped finance more than 300 companies that include Uber, Nest, Slack, and Flatiron Health.

History

Logo when known as Google Ventures (2009–2015)

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

As of 2016, GV has been less active as a seed investor, instead shifting its attention to more mature companies. 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. In 2020, GV promoted Terri Burns from principal to the firm’s first black female partner.{{cite news

Structure

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

References

References

  1. [https://web.archive.org/web/20160708150055/http://www.gv.com/team/ Team]
  2. (March 26, 2014). "Team | Google Ventures".
  3. "Delaware Corporate Entity Search".
  4. [https://web.archive.org/web/20160313054647/http://www.gv.com/team/bill-maris/ Bill Maris, CEO Profile]
  5. "Press". GV.
  6. "GV".
  7. Traitler, Helmut. (2016). "Food Industry R&D: A New Approach". John Wiley & Sons.
  8. (14 March 2017). "Google Ventures founder Bill Maris is back. Again.".
  9. (9 March 2015). "Google Ventures and the Search for Immortality". Bloomberg.com.
  10. "Bill Maris Steps Down as CEO of Google Ventures".
  11. (8 November 2012). "Exclusive: Google Ventures beefs up fund size to $300 million a year". Reuters.
  12. Oscar Williams-Grut. (28 October 2014). "Bill Maris interview: Google Ventures into Europe". The Independent.
  13. "Deals of the day: Shape Security raises $40 million".
  14. (2015-12-07). "Google Ventures Launches Rebranding Initiative". PYMNTS.com.
  15. Chernova, Yuliya. (2015-12-06). "Google Ventures Dials Down Seed Deals, Urges Mature Startups to Go Public".
  16. Wong, Joon Ian. (12 August 2016). "Google's (GOOG) not investing in young startups anymore — Quartz".
  17. Hilbush, Brian S.. (2021). "In Silico Dreams: How Artificial Intelligence and Biotechnology Will Create the Medicines of the Future". John Wiley & Sons.
  18. Hu, Krystal. (2023-12-13). "Google Ventures adds general partner to back AI, open source startups". Reuters.
  19. "GV - Portfolio".
  20. (14 August 2013). "How Google Ventures does rapid prototyping 'design sprints' with its 170 startups". VentureBeat.
  21. (23 October 2013). "Inside A Google Ventures Design Sprint". TechCrunch.
  22. Carvalho, Carlos Vaz de. (2021). "Technology Supported Active Learning: Student-Centered Approaches". Springer Nature.
  23. "Will Google Ventures disrupt venture capital?". onstartups.com.
  24. Manjoo, Farhad. (16 April 2012). "Google's Creative Destruction". Fast Company.
Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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