Google Ventures invests in rental giant HomeAway
The new alliance between Google’s venture capital arm, Google Ventures, and HomeAway, all began innocently over drinks at the Four Seasons in East Palo Alto, Calif., several months ago.
Brian Sharples, HomeAway co-founder and CEO, says his company wasn’t looking for cash, but over the course of weeks the two firms developed an interest in working together.
Sharples says Google Venture’s newly taken minority stake in HomeAway isn’t about Google getting into the vacation rental business or related to any big online booking push by HomeAway. Google Ventures doesn’t even have a seat on the HomeAway board, he says.
Read the full story at http://www.tnooz.com/2010/10/29/news/google-ventures-invests-in-rental-giant-homeaway/