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Google Ventures Launches $10,000 Startup Referral Program For Employees

The Google Ventures team announced the new program at Google’s weekly all-hands “TGIF” meeting, earlier this afternoon. It’s pretty straightforward. If a Google employee knows about a startup that Google Ventures might be interested in, they fill out a form on an internal website. They state why they like the startup, and they need to be prepared to give a “warm introduction” to a key employee at the startup.

If Google Ventures invests, the employee that referred the startup gets the $10,000 in cash.

It’s modeled on Google’s in house employee referral program. By Monday, all 25,000 Google employees will have the details, and be on the lookout for promising startups.