If you are looking for cash to launch or grow your business, try Google.
Google is soliciting business plans at their new Google Ventures site. They have committed $100 million worth of venture capital for the first year. The internet search giant is looking primarily for companies in the consumer Internet, software, hardware, clean-tech, bio-tech, and health care industries.
The managing partners are accepting proposals by e-mail. They request presentations to be no more than three typed pages, or less than 20 slides.
In related news from the Wall Street Journal, a recent study concluded that written business plans do not sway the decisions of venture capital firms.
From the article:
Still, researchers found no evidence that either the content or presentation of the plan influences venture capital-funding decisions, since they’re only likely to “skim them to see what people are doing — to get a sense of what entrepreneurial activity is happening…”
Last year venture capital firms invested $28 billion into 3,800 companies, according to the WSJ.
To learn more about venture capital The News Leader has an interesting write up about last week’s Venture Summit at the University of Virginia.