Google (GOOG) has increased its budget for Google Ventures to $300M/year from a prior...

|By:, SA News Editor

Google (GOOG) has increased its budget for Google Ventures to $300M/year from a prior $200M/year. Google's VC arm, which invests in everything from alternative energy to mobile apps, has made some moderately successful investments such as HomeAway, but hasn't yet funded a smash hit on the level of a LinkedIn or Workday. Ventures is taking an unconventional tack towards VC, relying heavily on data to make investment decisions and throwing Google's vast resources behind portfolio companies.