Ex-Google Ventures CEO Maris Set to Raise $100 Million Fund
- Flip flop comes after pulling plug on bigger fund in December
- Maris will be sole investor; keep focus on health, biotech
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Bill Maris, the former chief executive officer of Alphabet Inc.’s venture investing arm, has changed his mind again; he’s decided to raise a fund after all, according to people familiar with the plans.
The founder of Google Ventures was on the verge of closing a $230 million health-care-oriented fund in December, after leaving the group last year, but abruptly pulled the plug. Now, he’s decided to proceed with a smaller fund of $100 million. He’ll be the sole investor and keep the same focus on biotech and health-care startups, according to one of the people.