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"Just as we got back to the city, a report came over the wire that Nest had been acquired by Google for $3.2 billion in cash. Nest had been backed by Google Ven
by asdfologist 13y ago
"Just as we got back to the city, a report came over the wire that Nest had been acquired by Google for $3.2 billion in cash. Nest had been backed by Google Ventures, their biggest win so far."
What does this mean? Isn't Google Ventures a part of Google?
- notduncansmith 13y agoTechnically, yes - however, they stay in very separate camps. Google Ventures is the venture capital investment arm of Google Inc., but as explained by Kevin Rose [1], it's a separate company. Google has no visibility into what GV-backed companies are working on: think of Google as an LP of Google Ventures. [1] http://www.youtube.com/watch?v=ikoQLBuIYl0#t=1920 http://www.youtube.com/watch?v=ikoQLBuIYl0#t=1920 (excellent interview with Kevin Rose on This Week In Startups)
- dataisfun 13y agofwiw, in traditional GP/LP relationships, the LPs know what's going on with the companies (annual meeting, etc.)