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GV, the VC team backed by Google, has a broad remit, but it can’t do one thing
David Krane, CEO of GV, sat down with TechCrunch to discuss the venture firm’s significant accomplishments and potential limitations. According to Krane, GV has invested in an astonishing 800 companies over the past five years, amounting to over $10 billion across its 15-year history. One notable exception stands out – actively enticing talent inside Google to start their own company, which would allow GV to be the first to fund it.
Krane explained that because GV is funded entirely by Google, there aren’t any significant restrictions on how it operates. This autonomy has allowed the firm to predominantly invest in the US and Europe, with a focus on building transformative products. However, this freedom also means that GV cannot play a major role in encouraging people to leave Alphabet (Google’s parent company) to start their own ventures.
Krane emphasized the importance of staying at Google if one is already employed there, as the primary goal is to build transformational products within the company. While it may be inevitable for some individuals to eventually leave, GV can still engage with them once they have started their own startups.
Source: techcrunch.com
