It doesn’t mean that there is going to be an investment - since BOA is not a fund - but it opens up the potential of an investment for start-ups that catch BOA’s fancy. This is not the first time Google has taken an institutional approach. It had previously invested $3.75 million in Ventureast TeNet Fund.
It has also taken a limited partner (LP) role in Erasmic and SeedFund. In a related announcement,
Cannan Partners of Menlo Park announced first round investment of $5 million in techTribe, India’s Career Networking portal. Cannan’s New Delhi man, Alok Mittal is also a founder of the Band of Angels.
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