History
The fund began operating in 2013 but was only officially unveiled on February 19, 2014. The firm operates out of the Ferry Building in San Francisco. Following the Alphabet restructure, Google Capital was renamed as CapitalG on November 4, 2016.Team
CapitalG was started by partner David Lawee, formerly Google's Vice President of Corporate Development, and before that, Google's first Vice President of Marketing. Lawee was joined by partners Gene Frantz (formerly a partner at private equity firm TPG), Laela Sturdy (former Director of Sales & Business Operations at Google), Derek Zanutto (formerly at TPG, Hellman & Friedman and GIC) and Jesse Wedler (who joined CapitalG in 2013 out of Stanford business school). CapitalG also comprises over 50 advisors from senior positions within Google, who offer portfolio companies guidance in business areas such as data science, engineering, marketing, and product management.Investments
Relationship to GV
CapitalG focuses on later-stage and growth equity investments, while GV invests in companies across all stages and industries. Another corporate division, Google's Corporate Development group, does acquisitions and investments that are strategic for Google's products and business.References
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