Google Cofounder's Wife Gets Another $2.6 Million Investment From Google

sergeybrin space tbi

Google (GOOG) just told the SEC it’s invested $2.6 million in Anne Wojcicki’s biotech startup 23andMe.

Wojcicki is Google cofounder Sergey Brin’s wife, and he’s recused himself from the whole deal.

But it’s still a head-scratching investment.  Not because of the family ties between the companies, but because why does Google want or need to own a piece of a biotech company?

Why is Google now a VC?

Fred Wilson said it best in March:

  • “The best talent in the venture industry doesn’t work in large companies and won’t work in large companies.”
  • “Corporate investors don’t really share the profit motive with the entrepreneurs.”

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.