Google Ventures Beefs Up Fund Size To $300M A Year

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It looks as though Google is boosting its venture capital spending by $100 million a year, making Google Ventures' annual budget $300M. I guess they will be alright as long as Kevin Rose doesn't talk them into funding another Digg. :D

Still, Google Ventures lacks superstar companies such as microblogging service Twitter or online bulletin-board company Pinterest. The firm's recent hiring of high-profile entrepreneur Kevin Rose as a partner could help attract higher-profile deals. Soon it could have even more cash to play around with. "Larry has repeatedly asked me: 'What do you think you could do with a billion a year?'" said Maris, referring to Google chief executive Larry Page.
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Can't wait to see what money pit Rose convinces them to invest in. Watch it be some vapid Web 2.1 entity that's on minute 13 of its 15 minutes of fame.
 
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