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{{short description|Venture capital unit of Alphabet Inc.}}
{{Infobox company
{{Infobox company
| name = GV
| name = GV Management Company, L.L.C.
| logo = GV logo.svg
| logo = GV logo.svg
| logo_size = 200px
| logo_size = 190px
| type = [[Subsidiary]]
| type = [[Subsidiary]]
| former_name = Google Ventures {{small|(2009–2015)}}
| former_name = Google Ventures {{small|(2010–2015)}}
| foundation = {{start date and age|2009|3|31}} (as Google Ventures)<ref name="TechCrunchCheetSheet">{{cite web |url=https://techcrunch.com/2009/04/04/the-google-ventures-cheat-sheet/ |title=The Google Ventures Cheat Sheet |last=Schonfeld |first=Erick |date=2009-04-04
| foundation = {{start date and age|2010|3|31}} (as Google Ventures)<ref name="TechCrunchCheetSheet">{{cite web |url=https://techcrunch.com/2009/04/04/the-google-ventures-cheat-sheet/ |title=The Google Ventures Cheat Sheet |last=Schonfeld |first=Erick |date=2009-04-04
| publisher=TechCrunch |accessdate=2009-04-15 }}</ref>
| publisher=TechCrunch |access-date=2009-04-15 }}</ref>
| location_city =
| location_city =
| location_country =
| location_country =
| location = {{Plainlist|
| location = {{Plainlist|
* [[Mountain View, California]], U.S.
* [[Mountain View, California]]
* [[San Francisco]], [[California]], U.S.
* [[San Francisco, California]]
* [[New York City]], [[New York (state)|New York]], U.S.
* [[New York City, New York]]
* [[Cambridge, Massachusetts]]
* [[Cambridge, Massachusetts]]
* [[London]], [[England]], [[United Kingdom|U.K.]]
* [[London, England]]
}}
}}
| locations =
| locations =
| area_served =
| area_served =
| founder = [[Bill Maris]] (founding CEO)<ref>http://web.archive.org/web/20160708150055/http://www.gv.com/team/</ref><ref>{{Cite web|url=http://web.archive.org/web/20140326134300/http://www.gv.com/team/|title=Team &#124; Google Ventures|date=March 26, 2014|website=web.archive.org}}</ref>
| founder = [[Bill Maris]] (founding CEO)<ref>[https://web.archive.org/web/20160708150055/http://www.gv.com/team/ Team]</ref><ref>{{Cite web|url=http://www.gv.com/team/|archive-url=https://web.archive.org/web/20140326134300/http://www.gv.com/team/|url-status=dead|archive-date=March 26, 2014|title=Team &#124; Google Ventures|date=March 26, 2014}}</ref>
| key_people = [[David Krane]] (CEO)
| key_people = [[David Krane]] (CEO)
| industry = [[Private equity]]
| industry = [[Venture capital]]
| products = [[Venture capital]]
| products = [[Investments]]
| services =
| services =
| revenue =
| revenue =
| operating_income =
| operating_income =
| net_income =
| net_income =
| assets = $2.4 billion
| assets = $8 billion
| equity =
| equity =
| owner =
| owner =
| num_employees =
| num_employees =
| parent = {{Plainlist|
| parent = {{Plainlist|
* [[Google]] {{small|(2009–2015)}}
* [[Google]] (2010–2015)
* [[Alphabet Inc.]] {{small|(2015–present)}}
* [[Alphabet Inc.]] (2015–present)
}}
}}
| divisions =
| divisions =
| subsid =
| subsid =
| caption =
| caption =
| homepage = {{URL|www.gv.com}}
| homepage = {{URL|www.gv.com}}
| footnotes =
| footnotes =
| intl =
| intl =
}}
}}


'''GV''', formerly '''Google Ventures''', is the [[venture capital]] investment arm of [[Alphabet Inc.]] and provides [[Seed investment|seed]], [[Venture capital financing|venture]], and [[Growth investing|growth]] stage funding to technology companies. The firm operates independently from Google and makes financially driven investment decisions. GV seeks to invest in [[startup company|startup companies]] in a variety of fields ranging from the [[dot-com company|Internet]], [[software industry|software]], and hardware to [[life science]], [[healthcare]], [[artificial intelligence]], [[transportation]], [[cyber security]] and [[agriculture]].<ref>{{cite web|url=http://www.gv.com/press/|website=gv.com|title=GV|accessdate=16 December 2015}}</ref> GV was founded as Google Ventures in 2009.<ref name="gv-press">{{Cite web | title = Press | work = GV | accessdate = 2015-12-09 |url=http://www.gv.com/press/ }}</ref> GV has offices in [[Mountain View, California|Mountain View]], [[San Francisco]], [[New York City]], [[Cambridge, Massachusetts|Cambridge]], and [[London]].
'''GV Management Company, L.L.C.'''<ref name="de-corp">{{cite web |url=https://icis.corp.delaware.gov/eCorp/EntitySearch/NameSearch.aspx |title=Delaware Corporate Entity Search |access-date=March 5, 2022 |archive-date=September 21, 2015 |archive-url=https://web.archive.org/web/20150921182309/https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspx |url-status=live }} (file no. 4726690)</ref> is a [[venture capital]] investment arm of [[Alphabet Inc.]], founded by [[Bill Maris]],<ref>[https://web.archive.org/web/20160313054647/http://www.gv.com/team/bill-maris/ Bill Maris, CEO Profile]</ref> that provides [[Seed investment|seed]], [[Venture capital financing|venture]], and [[Growth investing|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.<ref name="gv-press">{{Cite web |title=Press |url=http://www.gv.com/press/ |access-date=2015-12-09 |work=GV}}</ref> GV invests in [[startup company|startup companies]] in a variety of fields ranging from the [[dot-com company|Internet]], [[software industry|software]], and hardware to [[life science]], [[healthcare]], [[artificial intelligence]], [[transportation]], [[cyber security]] and [[agriculture]].<ref>{{cite web|url=http://www.gv.com/press/|website=gv.com|title=GV|access-date=16 December 2015}}</ref> It has helped finance more than 300 companies that include [[Uber]], [[Google Nest|Nest]], [[Slack (software)|Slack]], and Flatiron Health.<ref>{{Cite book |last=Traitler |first=Helmut |title=Food Industry R&D: A New Approach |last2=Coleman |first2=Birgit |last3=Burbidge |first3=Adam |publisher=John Wiley & Sons |year=2016 |isbn=978-1-119-08939-1 |location=Chichester |pages=188 |language=en}}</ref>


==History==
==History==
[[File:Google Ventures logo.png|thumb|Logo when known as Google Ventures (2009-2015)]]
[[File:Google Ventures logo.png|thumb|Logo when known as Google Ventures (2009–2015)]]
The group was founded on March 31, 2009 with a $100 million capital commitment,<ref name="TechCrunchCheetSheet" /> by [[Bill Maris]] who also became GV's first CEO.<ref>{{Cite web|url=https://www.axios.com/google-ventures-founder-bill-maris-is-back-again-1513300946-2528da35-8010-448b-8684-fe1374dba7c3.html|title=Google Ventures founder Bill Maris is back. Again.|website=Axios}}</ref><ref>https://www.bloomberg.com/news/articles/2015-03-09/google-ventures-bill-maris-investing-in-idea-of-living-to-500</ref><ref>{{Cite web|url=https://fortune.com/2016/08/10/bill-maris-google-ventures/|title=Bill Maris Steps Down as CEO of Google Ventures|website=Fortune}}</ref> In 2012, that commitment was raised to $300 million annually, and the fund has $2 billion under management.<ref>{{cite web|title=Exclusive: Google Ventures beefs up fund size to $300 million a year|url=https://www.reuters.com/article/2012/11/08/us-venture-google-cash-idUSBRE8A70MD20121108|publisher=Reuters}}</ref> In 2014, the group announced $125 million to invest in promising European startups.<ref>{{cite web|url=https://www.independent.co.uk/news/business/analysis-and-features/bill-maris-interview-google-ventures-into-europe-9822317.html|title=Bill Maris interview: Google Ventures into Europe|author=Oscar Williams-Grut|date=28 October 2014|work=The Independent}}</ref><ref Name ="Official Google Blog">{{Cite web|url=https://googleblog.blogspot.com/2014/07/google-ventures-invests-in-europe.html|title=Google Ventures invests in Europe}}</ref> By 2014, it had invested in companies such as Shape Security.<ref name=Fortune-ss>{{cite web|last1=Primack|first1=Dan|title=Deals of the day: Shape Security raises $40 million|url=http://fortune.com/2014/02/25/deals-of-the-day-shape-security-raises-40-million/|website=Fortune|publisher=Fortune|accessdate=14 May 2015}}</ref> In December 2015, the company was renamed GV and introduced a new logo.<ref name="pymnts1215">{{Cite news | title = Google Ventures Launches Rebranding Initiative | work = PYMNTS.com | date = 2015-12-07 | accessdate = 2015-12-09 |url=http://www.pymnts.com/news/2015/google-ventures-waves-goodbye-to-its-european-arm/ | quote = }}</ref> As of 2016, GV has been less active as a [[seed investor]], instead shifting its attention to more mature companies.<ref>{{Cite web|url=https://blogs.wsj.com/venturecapital/2015/12/06/google-ventures-dials-down-seed-deals-urges-mature-startups-to-go-public/|title=Google Ventures Dials Down Seed Deals, Urges Mature Startups to Go Public|last=Chernova|first=Yuliya|date=2015-12-06|website=WSJ|language=en-US|access-date=2018-04-11}}</ref><ref>{{Cite web|url=https://qz.com/757390/googles-not-investing-in-young-startups-anymore/|title=Google’s (GOOG) not investing in young startups anymore — Quartz|last=Wong|first=Joon Ian|website=qz.com|language=en-US|access-date=2018-04-11}}</ref>
The group was founded on March 31, 2010, with a $100 million capital commitment,<ref name="TechCrunchCheetSheet" /> by [[Bill Maris]] who also became GV's first CEO.<ref>{{Cite web|url=https://www.axios.com/google-ventures-founder-bill-maris-is-back-again-1513300946-2528da35-8010-448b-8684-fe1374dba7c3.html|title=Google Ventures founder Bill Maris is back. Again.|website=Axios|date=14 March 2017 }}</ref><ref>{{cite news |title=Google Ventures and the Search for Immortality |url=https://www.bloomberg.com/news/articles/2015-03-09/google-ventures-bill-maris-investing-in-idea-of-living-to-500 |newspaper=Bloomberg.com|date=9 March 2015 }}</ref><ref>{{Cite web|url=https://fortune.com/2016/08/10/bill-maris-google-ventures/|title=Bill Maris Steps Down as CEO of Google Ventures|website=Fortune}}</ref> In 2012, that commitment was raised to $300 million annually, and the fund has $2 billion under management.<ref>{{cite news|title=Exclusive: Google Ventures beefs up fund size to $300 million a year|date=8 November 2012 |url=https://www.reuters.com/article/us-venture-google-cash-idUSBRE8A70MD20121108|work=Reuters}}</ref> In 2014, the group announced $125 million to invest in promising European startups.<ref>{{cite web|url=https://www.independent.co.uk/news/business/analysis-and-features/bill-maris-interview-google-ventures-into-europe-9822317.html|title=Bill Maris interview: Google Ventures into Europe|author=Oscar Williams-Grut|date=28 October 2014|work=The Independent}}</ref><ref Name ="Official Google Blog">{{Cite web|url=https://googleblog.blogspot.com/2014/07/google-ventures-invests-in-europe.html|title=Google Ventures invests in Europe|date=9 July 2014 }}</ref> By 2014, it had invested in companies such as Shape Security.<ref name=Fortune-ss>{{cite web|last1=Primack|first1=Dan|title=Deals of the day: Shape Security raises $40 million|url=http://fortune.com/2014/02/25/deals-of-the-day-shape-security-raises-40-million/|website=Fortune|access-date=14 May 2015}}</ref> In December 2015, the company was renamed GV and introduced a new logo.<ref name="pymnts1215">{{Cite news | title = Google Ventures Launches Rebranding Initiative | work = PYMNTS.com | date = 2015-12-07 | access-date = 2015-12-09 |url=http://www.pymnts.com/news/2015/google-ventures-waves-goodbye-to-its-european-arm/ }}</ref>


As of 2016, GV has been less active as a [[seed investor]], instead shifting its attention to more mature companies.<ref>{{Cite web|url=https://blogs.wsj.com/venturecapital/2015/12/06/google-ventures-dials-down-seed-deals-urges-mature-startups-to-go-public/|title=Google Ventures Dials Down Seed Deals, Urges Mature Startups to Go Public|last=Chernova|first=Yuliya|date=2015-12-06|website=WSJ|language=en-US|access-date=2018-04-11}}</ref><ref>{{Cite web|url=https://qz.com/757390/googles-not-investing-in-young-startups-anymore/|title=Google's (GOOG) not investing in young startups anymore — Quartz|last=Wong|first=Joon Ian|website=qz.com|date=12 August 2016 |language=en-US|access-date=2018-04-11}}</ref> 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.<ref>{{Cite book |last=Hilbush |first=Brian S. |title=In Silico Dreams: How Artificial Intelligence and Biotechnology Will Create the Medicines of the Future |publisher=John Wiley & Sons |year=2021 |isbn=978-1-119-74563-1 |location=Hoboken, NJ |language=en}}</ref> In 2020, GV promoted [[Terri Burns]] from principal to the firm’s first black female partner.<ref>{{cite news
==Services model==
| url = https://www.cnbc.com/2020/10/22/this-26-year-old-is-gvs-first-black-female-partner.html
GV was one of the first [[venture capital]] firms to employ the venture capital services model. It provides portfolio companies with access to operational help after making a financial investment.<ref>{{cite web|title=Will Google disrupt venture capital?|url=http://finance.fortune.cnn.com/2011/06/22/will-google-ventures-disrupt-venture-capital/|publisher=Fortune}}</ref> Full-time partners at GV work with portfolio companies on [[Product design|design]] and [[product management]], [[marketing]], [[Software engineering|engineering]], and [[recruitment|recruiting]].<ref>{{cite web|last=Manjoo|first=Farhad|title=Google's Creative Destruction|url=http://www.fastcompany.com/1826876/googles-creative-destruction|publisher=Fast Company}}</ref>
| title = Meet Terri Burns, the youngest and first black female partner at GV, formerly known as Google Ventures
| work = CNBC
| author = Courtney Connley
| date = October 22, 2020
| accessdate = June 23, 2021
}}</ref>


==Structure==
GV has developed an intensive, five-day [[design process]], called a Design Sprint, which helps startups solve problems quickly.<ref>{{cite web|title=How Google Ventures does rapid prototyping ‘design sprints’ with its 170 startups|url=https://venturebeat.com/2013/08/14/how-google-venture-partners-does-rapid-prototyping-design-sprints-with-its-170-startups/|publisher=VentureBeat}}</ref><ref>{{cite web|title=Inside A Google Ventures Design Sprint|url=https://techcrunch.com/2013/10/23/inside-a-google-ventures-design-sprint/|publisher=TechCrunch}}</ref>{{better source}}
In 2013, GV developed an intensive, five-day [[design process]], called a Design Sprint, which helps startups solve problems quickly.<ref>{{cite web|title=How Google Ventures does rapid prototyping 'design sprints' with its 170 startups|date=14 August 2013|url=https://venturebeat.com/2013/08/14/how-google-venture-partners-does-rapid-prototyping-design-sprints-with-its-170-startups/|publisher=VentureBeat}}</ref><ref>{{cite web|title=Inside A Google Ventures Design Sprint|date=23 October 2013 |url=https://techcrunch.com/2013/10/23/inside-a-google-ventures-design-sprint/|publisher=TechCrunch}}</ref>{{better source needed|date=August 2019}} It is based on key ideas of agile development and design thinking.<ref>{{Cite book |last=Carvalho |first=Carlos Vaz de |title=Technology Supported Active Learning: Student-Centered Approaches |last2=Bauters |first2=Merja |publisher=Springer Nature |year=2021 |isbn=978-981-16-2081-2 |location=Singapore |pages=84 |language=en}}</ref> In addition, GV provides portfolio companies with access to operational help after making a financial investment.<ref>{{cite web|title=Will Google Ventures disrupt venture capital?|url=http://www.onstartups.com/tabid/3339/bid/56196/Will-Google-Ventures-Disrupt-Venture-Capital.aspx|publisher=onstartups.com|access-date=2014-02-03}}</ref> Full-time partners at GV work with portfolio companies on [[Product design|design]] and [[product management]], [[marketing]], [[Software engineering|engineering]], and [[recruitment|recruiting]].<ref>{{cite web|last=Manjoo|first=Farhad|title=Google's Creative Destruction|date=16 April 2012|url=http://www.fastcompany.com/1826876/googles-creative-destruction|publisher=Fast Company}}</ref>


==See also==
==See also==
* [[List of venture capital firms]]
* [[List of venture capital firms]]
* [[CapitalG]]


==References==
==References==
Line 62: Line 71:
==External links==
==External links==
* {{Official website|www.gv.com}}
* {{Official website|www.gv.com}}
* [http://www.crunchbase.com/financial-organization/google-ventures Google Ventures] on CrunchBase


{{Alphabet Inc.}}
{{Alphabet Inc.}}
{{Google Inc.}}
{{Google LLC}}


[[Category:Google|Ventures]]
[[Category:Financial services companies established in 2009]]
[[Category:Companies established in 2009]]
[[Category:Venture capital firms of the United States]]
[[Category:Venture capital firms of the United States]]
[[Category:GV companies| ]]
[[Category:GV companies| ]]
[[Category:Private equity firms of the United States]]
[[Category:Private equity firms of the United States]]
[[Category:Alphabet Inc.]]
[[Category:Alphabet Inc.]]
[[Category:Alphabet Inc. subsidiaries]]

Latest revision as of 12:19, 23 December 2024

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
David Krane (CEO)
ProductsInvestments
Total assets$8 billion
Parent
Websitewww.gv.com

GV Management Company, L.L.C.[4] is a venture capital investment arm of Alphabet Inc., founded by Bill Maris,[5] 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.[6] 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.[7] It has helped finance more than 300 companies that include Uber, Nest, Slack, and Flatiron Health.[8]

History

[edit]
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 promoted Terri Burns from principal to the firm’s first black female partner.[20]

Structure

[edit]

In 2013, GV developed an intensive, five-day design process, called a Design Sprint, which helps startups solve problems quickly.[21][22][better source needed] It is based on key ideas of agile development and design thinking.[23] In addition, GV provides portfolio companies with access to operational help after making a financial investment.[24] Full-time partners at GV work with portfolio companies on design and product management, marketing, engineering, and recruiting.[25]

See also

[edit]

References

[edit]
  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. ^ Traitler, Helmut; Coleman, Birgit; Burbidge, Adam (2016). Food Industry R&D: A New Approach. Chichester: John Wiley & Sons. p. 188. 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. ^ Hilbush, Brian S. (2021). In Silico Dreams: How Artificial Intelligence and Biotechnology Will Create the Medicines of the Future. Hoboken, NJ: John Wiley & Sons. ISBN 978-1-119-74563-1.
  20. ^ 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.
  21. ^ "How Google Ventures does rapid prototyping 'design sprints' with its 170 startups". VentureBeat. 14 August 2013.
  22. ^ "Inside A Google Ventures Design Sprint". TechCrunch. 23 October 2013.
  23. ^ Carvalho, Carlos Vaz de; Bauters, Merja (2021). Technology Supported Active Learning: Student-Centered Approaches. Singapore: Springer Nature. p. 84. ISBN 978-981-16-2081-2.
  24. ^ "Will Google Ventures disrupt venture capital?". onstartups.com. Retrieved 2014-02-03.
  25. ^ Manjoo, Farhad (16 April 2012). "Google's Creative Destruction". Fast Company.
[edit]
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