HomeTechnologyGoogle Ventures Hires General Partner to Drive AI Startups

Google Ventures Hires General Partner to Drive AI Startups

GV, backed by Google parent company Alphabet Inc, appointed Michael McBride from software firm GitLab as its latest general partner to focus on open-source and AI startups backed by the company, the firm confirmed on Wednesday. McBride has been the chief revenue officer for the past five years of GitLab, an open-source developer tools maker in GV’s portfolio.

“I’ve learned a lot about how open source can give startup and growth companies a big advantage. I think it’s going to be a powerful business model in AI,” McBride stated. Dave Munichiello, general partner at GV, spoke about the company’s decision to invest in GitHub earlier this year, calling his firm “long-term investors” with the ability to invest in a company at any stage in its lifetime, specifically selecting the optimal time to invest.

Founded as Google Ventures, GV has $8 billion in assets under its sole limited partner Alphabet Inc. With the company split between investments in life science and digital firms, GV is active in North America and Europe.

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