Goliath gone angel: not quite
how the story goes

Entrepreneur William Maris is helping Google launch a venture capital arm, reports The Wall Street Journal. Chief Legal Officer and Corporate Development SVP David Drummond of Google will lead the department.

According to PricewaterhouseCoopers and the National Venture Capital Association, corporate venture capitalists were involved in about 20 percent of venture capital deals signed in the first half of 2008.