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I was surprised to see that Google Capital is an investor in SurveyMonkey - Google Consumer Surveys is a direct competitor: March 2012 - Google launches GCS J
by carleverett 11y ago
I was surprised to see that Google Capital is an investor in SurveyMonkey - Google Consumer Surveys is a direct competitor:
March 2012 - Google launches GCS
January 2013 - Google invests in SurveyMonkey
Is it common for Google to invest in competitors? Why would they do this?
- adevine 11y agoGoogle Ventures (early stage) and Google Capital (late stage) are focused solely on profit, rather than strategic alignment with Google. Google's Corporate Development group is what does investments for alignment and potential acquisition by Google.
- acchow 11y agoYes, this is common. Google Capital claims that they operate wholly independently from the rest of the business to avoid these conflicts of interest.