Google Ventures kills European start-ups fund

Google Ventures will drop its European funding branch, rebranding itself as GV, as Alphabet seeks to distance itself from Google.  Google Ventures was launched in 2009 to support start-ups including Nest Labs, Uber, Slack and Kabam. Following Google’s restructure, however, the organisation is now seeking to differentiate itself. Bill Maris, founder and CEO, told the FT that any perceived formal association of GV with Google could kill the investment group. “The minute that happens we’re done – that’s the end of the business,” he said. “There is not a single case that supports that mythology. The company [Google] gets no information from us, we’re a shareholder just like any other. My interests are aligned with entrepreneurs and the other shareholders and not Google.”  In the process of this shift, however, the Europe-centric funding is being incorporated into…

Link to Full Article: Google Ventures kills European start-ups fund

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