More On That Google Ventures Investing Algorithm

When posting "GV (né Google Ventures) Uses An Algorithm to Decide on Venture Investments" final Th I completely forgot closed to other approach GV uses to build the invest/no invest decision.

First up, the tidings that reminded me. From CNBC:

GlaxoSmithKline strikes $300 1000000 bargain amongst 23andMe for genetics-driven drug research 

• GlaxoSmithKline is investing $300 1000000 inwards consumer genetics fellowship 23andMe.
• The bargain forges a four-year collaboration to detect medicines using human genetics as a guide.
• The partnership has an selection to extend for an additional year. Funding in addition to proceeds volition live split upward equally.

...MORE

Although the CNBC storey doesn't advert it here's the Wikipedia entry on 23andMe:

History

The fellowship was founded past times Linda Avey, Paul Cusenza in addition to Anne Wojcicki inwards 2006 to render genetic testing in addition to interpretation to private consumers.^[13][14] In 2007, Google invested $3,900,000 inwards the company, along amongst Genentech, New Enterprise Associates, in addition to Mohr Davidow Ventures.^[15] Wojcicki was married to Google co-founder Sergey Brin at the time.^[7]
Cusenza left the fellowship inwards 2007 in addition to was appointed CEO of Nodal Exchange inwards 2008.^[16] Avey left the fellowship inwards 2009 in addition to co-founded Curious, Inc. inwards 2011.^[17]

In 2012, 23andMe raised $50 1000000 inwards a Series D venture round, close doubling its existing upper-case missive of the alphabet of $52.6 million.^[18][19][20] In 2015, 23andMe raised $115 1000000 inwards a Series eastward offering, increasing its full upper-case missive of the alphabet to $241 million.^[5][21][22]

In June 2017, 23andMe created a brand marketing promotion featuring Gru from the motion painting Despicable Me.^[23] In 2018, the fellowship farther marketed its build inwards advertisements narrated past times Warren Buffett.^[24]

In September 2017, the fellowship was rumored to live raising closed to other $200M inwards venture funding amongst a valuation of $1.5 billion, as of that the fourth dimension (prior to the raise) the fellowship had raised $230 1000000 since it was founded.^[25] Afterwards, it was reported that the fellowship raised $250M at a valuation $1.75B.^[26]

Here's CrunchBase on the diverse rounds.. Keep inwards hear that Google in addition to Google Ventures (now GV) are separate entities simply I imagine they produce verbalise at night, "How was your day?"






Not shown, the September 2017 quarter-billion-dollar serial F.

Previously:
July 2017
Technology Review's fifty Smartest Companies 2017

July 2016
23andMe is Monetizing Your deoxyribonucleic acid The Way Facebook Monetizes 'Likes'

July 2016
Handy Hints: Use Your Competitor's Genetic Information To Get Ahead

September 2015
A written report from a futurity where genetic technology scientific discipline has sabotaged society.

April 2015
Tech titans’ latest project: Defy expire (GOOG; EBAY; FB)

November 2013
Genomics: There's NSA Creepy in addition to Then There's 23andMe Creepy