Google Ventures teams up with KPCB and Andreessen Horowitz to announce Glass Collective to fund developers
Google has made us all drool over its innovative Glass technology interface and the first Explorer edition for developers is just around the corner. Today, Google has announced the Glass Collective which brings three venture capitalist funds – Google Ventures, Andreessen Horowitz, and Kleiner Perkins Caufield & Byers – together to invest in the project development and fund the developers for Google Glass.
The Glass Collective investment syndicate between the three firms will basically offer financing and support to startups or to entrepreneurs working on creative ideas on apps and features through Glass. The project will fund both hardware and services for the Glass. These can be based on messaging, sharing, search, and navigation or around any other creative idea. This will not only help the third party developers but also the investors to promote Glass in future and create a vast ecosystem for prospective consumers as well. The investors initially plan to start with seed investments in the United States, and with time when they see growth in the platform may evolve.
Some time back, Sergey Brin, Google’s co-founder had stated that these Glasses would be shipped later this year for less than $1,500, and we are expecting the company to showcase a more polished version of the device during Google I/O this year.
The Glass Collective investment syndicate between the three firms will basically offer financing and support to startups or to entrepreneurs working on creative ideas on apps and features through Glass. The project will fund both hardware and services for the Glass. These can be based on messaging, sharing, search, and navigation or around any other creative idea. This will not only help the third party developers but also the investors to promote Glass in future and create a vast ecosystem for prospective consumers as well. The investors initially plan to start with seed investments in the United States, and with time when they see growth in the platform may evolve.
Some time back, Sergey Brin, Google’s co-founder had stated that these Glasses would be shipped later this year for less than $1,500, and we are expecting the company to showcase a more polished version of the device during Google I/O this year.
Report by :
Harshita Rastogi
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