Google Ventures has a reputation for backing tech winners early on -- it gave a boost to this little startup called Nest, for example. It wants to exert influence every step of the way, however, and it's launching Google Capital to make this happen. The new fund is investing in firms that aren't quite so young, but are doing "amazing things" aligned with Google's interests, according to general partner Mike Pearson. While Google Capital won't make its formal debut until the summer, it has already invested in three unnamed companies; we wouldn't be surprised if we learn a lot more about the fund a few months' time.
Source: PCWorld