According to the
New York Times Google is set to announce a new venture capital division, Google Ventures, who will invest over 100 million dollars over the next 12 months in companies that are expected to turn a profit.
Google Ventures will invest in Internet Startups, Cleant Technology and Life Sciences and has already invested in two companies: Silver Spring Networks, a company that makes technology to help manage electric grids, and Pixazza, which links online images with related products that can be purchased.
As pointed out by Tech Crunch, the new ventures site can be found at http://www.google.com/ventures/. There currently is only a parked domain on www.GoogleVentures.com .
It appears as if the GoogleVentures.com domain was purchased way back in June 2004 by a James Hung, CEO of theHive.net a Venture Capitalist company who’s slogan is “Empowering the Global American Dream” . The Hive seems to have no association with Google and Google has filed to claim the domain name from Mr. Hung with the National Arbitration Forum
If you think you have a business Google would be interested in investing in; they ask that you send no more than 20 slides and three type written pages to ventures@google.com