When I started Section 32 three years ago, I wanted to create a venture fund that could focus on areas where technology can make a real difference on the most important aspects of our lives.
My last job before Section 32 was as founder and CEO at Google Ventures, and even though I loved my time there, I saw a need for a different type of fund — one that could help improve the human condition by accelerating the discovery, development, adoption and distribution of important technologies and lifesaving medicines.
Over the last three years we have continued to grow and evolve on that mission. We’ve added fantastic partners in Mike Pellini and Steve Kafka, and have invested in dozens of companies that are making significant innovations in the merging worlds of technology and healthcare. …
In March of last year, our GV engineering team analyzed market data to assess whether or not the tech industry was experiencing a bubble. That question was being asked a lot at the time — less so now in light of some changes in the market. At that time, we uncovered ample evidence to argue both sides of the coin. Even with a great deal of number crunching, we didn’t arrive at a definitive answer.
The most we could verify is that if we were in a bubble, it was a very different bubble from the heady dotcom days in 2000. One important difference is that in 2000, individual investors in public equities bore the brunt of the dotcom bubble burst. If there’s a bubble today, private capital investors and institutions likely stand to lose the most. …
On December 7th, 2015, we’re spending the day with more than 300 entrepreneurs at our GV Founder & CEO Summit. We made a short video to celebrate their accomplishments, and I thought you might enjoy seeing it:
It’s been a great year, and we were fortunate to invest in 39 companies I’m really enthusiastic about. Here’s a breakdown of where we invested in 2015.
We have received a ton of inquiries about Larry’s news yesterday, particularly about him being “stoked” about Ventures.
We are super excited about the news. On a day-to-day basis, Google Ventures remains unchanged, with continued enthusiasm to explore the world of invention and innovation around us.
We started this fund to support inspiring entrepreneurs and companies that disrupt traditional industries and in doing so, improve lives. Since then, we have invested in companies such as Uber in transportation, Flatiron in healthcare, Slack in communications, Kobalt in music, and hundreds more. …
By Bill Maris, Founder & CEO, Google Ventures
The transistor was invented in 1947. Since then, computing capacity has increased exponentially. We’re improving our tools and creating knowledge at an unprecedented pace, but that trend hasn’t done much for health care. At least, not yet.
Right now is the “transistor moment” for the human body. In the coming decades, health care will begin to improve at the same radical pace we’ve seen in computing. Many of the technologies that will transform medicine already exist, and we’re seeing amazing stories of early applications that are saving lives.
At Google Ventures, we’re on a mission to accelerate this health care revolution. We are excited about the changes happening in the life sciences, but we know they won’t happen automatically. To create exponential growth in health care, we need to put tremendous resources and focus behind the best human minds working in this field. To me, it’s absolutely worth it — we have the opportunity to prevent a lot of disease and suffering while helping people enjoy longer, better lives. …
I’ve heard people wonder if we’re in a bubble with regard to startups. Is it as bad as the 2000 dot-com bubble? Might it actually be worse? I thought it would be worthwhile to look at the available data to see if we can figure this out with more than just a personal opinion. So I asked our engineering team at Google Ventures to dig into the bubble question and find out what the data say. In this post, I’ll share what I learned.
Back in the late 1990s, venture capitalists got very excited about the Internet. A whole lot of money was poured into some companies that failed rather spectacularly, and a lot of people lost a lot of money. …
Yesterday I shared some great news with the startups in our portfolio at our annual Founder & CEO Summit: we’ve expanded the size of our fund by 50% to $300 million a year.
Our mission has always been to find and invest in the most disruptive and interesting founders, and we want to do more of this. The summit yesterday brought together more than 250 entrepreneurs from across our 130+ portfolio companies. Here are a few highlights from the day:
Fireside chat with Instagram Founder Kevin Systrom and General Partner Kevin Rose.
Google Co-Founder Sergey Brin discusses Google X.
Managing Partner Bill Maris and Sergey Brin.
General Partner David Krane moderates a CEO coaching session with Bill Campbell.
Fireside chat with Andreessen Horowitz General Partner Ben Horowitz and Kevin Rose.
Google Chairman Eric Schmidt shares his perspective on technology trends.