GV (company)

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Google Ventures
)
GV Management Company, L.L.C.
FormerlyGoogle Ventures (2010–2015)
Company typeSubsidiary
IndustryVenture capital
FoundedMarch 31, 2010; 14 years ago (2010-03-31) (as Google Ventures)[1]
FounderBill Maris (founding CEO)[2][3]
Headquarters
Key people
Parent
Websitewww.gv.com

GV Management Company, L.L.C.

cyber security and agriculture.[7] It has helped finance more than 300 companies that include Uber, Nest, Slack, and Flatiron Health.[8]

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

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. ^ a b Schonfeld, Erick (2009-04-04). "The Google Ventures Cheat Sheet". TechCrunch. Retrieved 2009-04-15.
  2. ^ Team
  3. ^ "Team | Google Ventures". March 26, 2014. Archived from the original on March 26, 2014.
  4. ^ "Delaware Corporate Entity Search". Archived from the original on September 21, 2015. Retrieved March 5, 2022. (file no. 4726690)
  5. ^ Bill Maris, CEO Profile
  6. ^ "Press". GV. Retrieved 2015-12-09.
  7. ^ "GV". gv.com. Retrieved 16 December 2015.
  8. ISBN 978-1-119-08939-1
    .
  9. ^ "Google Ventures founder Bill Maris is back. Again". Axios. 14 March 2017.
  10. ^ "Google Ventures and the Search for Immortality". Bloomberg.com. 9 March 2015.
  11. ^ "Bill Maris Steps Down as CEO of Google Ventures". Fortune.
  12. ^ "Exclusive: Google Ventures beefs up fund size to $300 million a year". Reuters. 8 November 2012.
  13. ^ Oscar Williams-Grut (28 October 2014). "Bill Maris interview: Google Ventures into Europe". The Independent.
  14. ^ "Google Ventures invests in Europe". 9 July 2014.
  15. ^ Primack, Dan. "Deals of the day: Shape Security raises $40 million". Fortune. Retrieved 14 May 2015.
  16. ^ "Google Ventures Launches Rebranding Initiative". PYMNTS.com. 2015-12-07. Retrieved 2015-12-09.
  17. ^ Chernova, Yuliya (2015-12-06). "Google Ventures Dials Down Seed Deals, Urges Mature Startups to Go Public". WSJ. Retrieved 2018-04-11.
  18. ^ Wong, Joon Ian (12 August 2016). "Google's (GOOG) not investing in young startups anymore — Quartz". qz.com. Retrieved 2018-04-11.
  19. ISBN 978-1-119-74563-1
    .
  20. ^ Candice Morgan (September 2, 2020). "How to build a race-conscious equity, diversity, and inclusion strategy". Fast Company. Retrieved October 11, 2021.
  21. ^ 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.
  22. ^ "How Google Ventures does rapid prototyping 'design sprints' with its 170 startups". VentureBeat. 14 August 2013.
  23. ^ "Inside A Google Ventures Design Sprint". TechCrunch. 23 October 2013.
  24. ISBN 978-981-16-2081-2
    .
  25. ^ "Will Google Ventures disrupt venture capital?". onstartups.com. Retrieved 2014-02-03.
  26. ^ Manjoo, Farhad (16 April 2012). "Google's Creative Destruction". Fast Company.

External links

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