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<span style="font-size: 20px; font-weight: bold;
color: rgb(0, 0, 0); font-family: arial;
line-height: 110%;">OPLIN 4cast #420: Google
Ventures in health tech</span><br>
<!-- Make sure you modify the date of the 4Cast in this section -->
<span style="font-size: 11px; font-weight: normal;
color: rgb(102, 102, 102); font-style: italic;
font-family: arial;">January 14th, 2015</span></p>
<!-- Begin copy of Web Source here -->
<p style="text-align: justify;font-size: 16px;
font-family: arial; line-height: 110%;"><img
src="cid:part4.09060301.05050303@oplin.org"
alt="Google Ventures logo" align="left"
height="100" width="100">There's an old saying:
"Follow the money." At the end of 2014, a lot of
people were following the money invested by Google
Ventures, an independent venture capital arm of
Google, to try to spot future trends. The firm has
been investing in startup companies since 2009,
and currently manages about $1.5 billion in such
investments. Apparently Google Ventures expects
health technology to be the next big thing,
because their investments shifted decisively in
that direction in 2014. Bill Maris, the president
of Google Ventures, gave quite a few interviews
after that information was released and shared
some interesting thoughts, some of them quoted
below.
</p>
<div> </div>
<ul style="text-align: left;">
<li style="text-align: justify; font-size: 16px;
font-family: arial; line-height: 110%;"><a
href="http://blogs.wsj.com/digits/2014/12/15/google-ventures-shifts-focus-to-healthcare/">Google
Ventures shifts focus to health care</a> (Wall
Street Journal Digits blog | Alistair Barr) "In
the last three years, consumer startups went
from Google Ventures' top sector to one of the
firm's least favorite. Health and life-sciences
companies received the smallest share in 2012
and the largest this year. Over that period,
other venture investors maintained steady
interest in these sectors. About 20% of VC money
flowed to consumer-services companies, a similar
share to health care startups, in the U.S. in
each of the past three years according to Dow
Jones VentureSource."</li>
<li style="text-align: justify; font-size: 16px;
font-family: arial; line-height: 110%;"><a
href="http://venturebeat.com/2014/12/15/for-google-ventures-2014-yielded-16-exits-and-a-strong-focus-on-life-sciences-and-health-tech/">For
Google Ventures, 2014 yielded 16 exits and a
strong focus on life sciences and health tech</a>
(VentureBeat | Kia Kokalitcheva) "Among the
year's standout investments, Maris is
particularly excited about Flatiron Health and
One Medical. Flatiron Health, in which Google
Ventures invested <a
href="http://venturebeat.com/2014/05/07/watch-out-cancer-big-data-is-coming-for-you/">one
of its biggest sums at $130 million</a>,
gathers and analyzes huge amounts of oncology
data to help doctors better treat cancer
patients. 'One in five patients in the U.S. are
part of the Flatiron network and they don't even
know it,' Maris said. One Medical, a popular
alternative to traditional doctors' offices (and
all the pain and hassle they entail), is a
reimagining of the patient experience given
today's technology, as Maris describes it."</li>
<li style="text-align: justify; font-size: 16px;
font-family: arial; line-height: 110%;"><a
href="http://www.bloombergview.com/articles/2014-12-16/benner-on-tech-google-ventures-microsoft-and-vice-does-deals">Google
Ventures, Microsoft and Vice does deals</a>
(Bloomberg View | Katie Brenner) [Maris
interview response] "Right now life sciences
companies are becoming IT companies. And you can
have a consumer Internet company that has no
revenue, that just has users paying nothing for
a product. And investors see that product as
valuable because it attracts users. They know
that ultimately someone will pay. We should
think about life sciences startups in the same
way. Some of our life sciences companies are
building important tech that's useful to lots of
people. They should be valued the same way that
tech companies are valued."</li>
<li style="text-align: justify; font-size: 16px;
font-family: arial; line-height: 110%;"><a
href="http://www.theverge.com/2014/12/16/7402411/google-ventures-2014-bill-maris-life-science">The
man investing Google's billions says we
shouldn't be afraid to live forever</a> (The
Verge | Ben Popper) [Maris interview response]
"The acceleration we saw in computers from 1960
until now is an acceleration we're going to see
in the life sciences, and that's why it's a huge
opportunity. And not just for making money. You
make a great investment in the consumer
internet, maybe you make a lot of money and
create something useful, interesting, or fun.
But in life sciences you have a chance to be
part of something that lets people live longer
and healthier and not lose the people they care
about. That is really profound."</li>
</ul>
<div style="text-align: left;"> </div>
<p style="text-align: left; font-size: 20px;
font-family: arial; line-height: 110%;"><small><strong><em>Articles
from <a href="http://ohioweblibrary.org">Ohio
Web Library</a>:</em></strong></small><br>
</p>
<div style="text-align: justify; font-size: 16px;
font-family: arial; line-height: 110%;">
<ul>
<li><a
href="http://web.b.ebscohost.com.proxy.oplin.org/ehost/detail/detail?sid=37a5a584-e3df-4e5e-8f97-7074978ac234%40sessionmgr111&vid=0&hid=125&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=sch&AN=47106357">Google
could be your VC.</a> (<em>Entrepreneur</em>,
Aug. 2009, p36 | Pieter van Noordennen)</li>
<li><a
href="http://web.b.ebscohost.com.proxy.oplin.org/ehost/detail/detail?sid=3f5b20e9-e3a5-447d-8c02-00439bd4a1e1%40sessionmgr111&vid=0&hid=125&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=sch&AN=97765985">Can
technology fix medicine?</a> (<em>Technology
Review</em>, Sep./Oct. 2014, p65-66 |
Nanette Byrnes)</li>
<li><a
href="http://web.b.ebscohost.com.proxy.oplin.org/ehost/detail/detail?sid=eb83b52d-ced9-419e-92ca-04d6803b4f19%40sessionmgr114&vid=0&hid=125&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=buh&AN=99206632">Venture
capital firms and incubators.</a> (<em>Research
Technology Management</em>, Nov./Dec. 2014,
p40-44 | Howard Morgan)</li>
</ul>
</div>
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