The Saiko

( TheSaiko.com )

Earlier this past week, Google announced Google Ventures to the world and some specifics about its purpose, who’s running the show and how it’s relevant to start-ups.  It seems that Google is always up to something innovating and exciting.  This time it directly benefits entrepreneurs seeking funding.

First off, we’d like to thank the folks over at TechCrunch for securing an interview with Bill Maris and Rich Miner.  Cheers, TechCrunch.  Here’s the skinny on what was revealed this week:

• Fund is operated by Maris and Miner (two guys with a track record in venture investing)
• Focus is on everything from mobile to clean-tech to consumer Internet
• Will do everything from seed capital to investments in the tens-of-millions
• Though fund is not geared towards later acquisitions by Google, they are leaving that door opened
• They are open to nearly anything they feel addresses key problems in unique ways
• They will access Google intellect and information, but Google won’t access the start-up’s data (termed: “one-way mirror” policy)

Overall, Google Ventures will prove to be a invaluable to companies that can:  1) Prove they have a system or product that works  2) Can withstand everything that comes along with weathering a venture investment storm.  The amount of exposure said companies stand to gain is immeasurable.

Welcome, Google Ventures.