Google goes investing
The news that Google is close to launching its own venture capital fund may raise a lot of hopes, but the history of corporate investment isn't fantastic and comes with a heavy price for portfolio companies that win a corporate sweepstakes. It also tells a lot about Google's own sense of its ability to innovate from the inside—that doesn't mean they don't think they can innovate, but that it may be more strategically advantageous to do it from the outside.