Walmart Black Friday 2012 coming even earlier









Cierra Hobson is a die-hard Black Friday shopper.

Every year she queues in front of one of her favorite stores, where she waits, in her pajamas, in hopes of bagging a good deal.

This year, Hobson and other deal-seekers will find some twists on the post-Thanksgiving Day ritual: coupons delivered via mobile phones and deeper discounts, maneuvers designed to make shopping easier for consumers and to set retailers on a strong start to the biggest shopping period of the year. But perhaps the biggest change will be an earlier start to the holiday rush.

Black Friday historically launched the day after Thanksgiving. But in recent years, stores have opened at 4 a.m., then midnight. Last year, retailers created a stir by opening at 10 p.m. Thursday. This year, Sears and Wal-Mart announced plans to open at 8 p.m.

"The name of the game this holiday season is who can do it best," said National Retail Federation spokeswoman Kathy Grannis.

"When (early openings) started in 2009, things were a little bit worse off in terms of consumer confidence," Grannis added. "At that point it was very necessary for retailers to get out there before anybody else, and that literally meant before midnight."

This year, holiday spending is expected to rise 4.1 percent, according to the retail federation. Last year, more than 24 percent of Black Friday shoppers were out before midnight and nearly 39 percent of shoppers were in the stores before 5 a.m.

Wal-Mart plans to greet shoppers with the likes of $89 Wii consoles and a $38 Blu-ray player. At Sears, there will be perks on sale items for members of its shopper loyalty program.

Both retailers are touting in-store pickup, allowing customers to buy items online and pick them up at the store, avoiding checkout lines.

The Disney Store plans to begin offering Black Friday deals on the Monday before Thanksgiving, though Disney stores will open at midnight in some markets and 5 a.m. in others. Ads leaked to Internet deal sites say Target stores will open at 9 p.m. on Thanksgiving.

Last year, Wal-Mart recorded its most customer traffic at 10 p.m. on Thanksgiving night, said spokesman Steven Restivo, adding that the retailer relied on focus groups, online surveys and other feedback to help it decide to open two hours earlier this year. "Our customers told us they loved our Thanksgiving event last year and wanted it again."

At Sears, staying open 26 consecutive hours through Black Friday gives its customers the flexibility they want and makes good business sense, said spokesman Brian Hanover.

"There's a segment of Sears customers who want that thrill of holiday shopping to start as soon as their Thanksgiving dinner ends," he said. "Traditionalists," he added, can wait for door busters at 4 a.m.

Despite discounts that often go beyond 50 percent, stores still make money on the sales, retail experts say. That's because shoppers in physical stores tend to spend more than they planned, said Sanjay Dhar, professor of marketing at the University of Chicago Booth School of Business.

In the store, "you end up making purchases that aren't as marked down, in addition to the door-buster deals," he said.

Opening earlier and staggering door-buster deals is not only a good way to make money, but it's also necessary for crowd control, retail watchers say. In 2008, a store employee was trampled to death in a Black Friday door-buster stampede at a Long Island, N.Y., Wal-Mart.

Hobson said she doesn't plan to start shopping Thanksgiving night, but she said she'll be up before dawn to catch sales at Express, a clothing store.

"Just knowing that everybody is doing the same thing I'm doing on the same day feels like the beginning of Christmas," she said.

Others worry that super-early openings could backfire.

Sheri Petras, CEO of CFI Group, a Michigan-based consultancy, said store employees grumpy from having to leave their Thanksgiving festivities will take out their anger on customers.

"Consumers will not spend as much with cranky employees," she said.

Some employees at Wal-Mart, Sears and Target say they'd like the day off.

Change.org, an activist website, said Friday that more than 20 new petitions were submitted by employees and consumers asking retailers to reconsider their Thanksgiving evening openings.

It's the second year the website has administered petitions calling for retailers to stick to traditional Black Friday openings.

In a statement distributed by OUR Walmart, a labor rights group, Wal-Mart employee Mary Pat Tifft, of Wisconsin, said she would be "devastated" if she had to work on Thanksgiving, because she is expecting her son home from Afghanistan for the holiday.

"This early opening is one more example of Walmart's disconnect with the workers who keep its stores running and disregard for all of our families. As the largest employer in the country, Walmart could be setting a standard for businesses to value families, but instead, this is one more Walmart policy that hurts the families of workers at its stores," she said.

crshropshire@tribune.com

Twitter @corilyns



Read More..

Five shot on South, West sides








A 19-year-old man was shot behind the ear Friday night in a church parking lot on the West Side, police said, one of at least five people shot since about 7:40 p.m.

The bullet came out his neck and the man is still alive, police said. Police taped off the entire parking lot, which sits between the 2600 blocks of Adams Street and Jackson Boulevard, while detectives and evidence technicians began their investigation. 

People gathered at the rented-out church for a birthday party when someone shot the man outside, in the parking lot. Police said the partygoers apparently didn't see what happened. 

The man was taken to John H. Stroger Jr. Hospital of Cook County, police said. 

About the same time, a man in his 20s was shot near Pulaski Road on Grenshaw Street. He called police from there and was taken to Mount Sinai Hospital, police said, with a gunshot wound to the back. 

A male whose age wasn't available was shot in the leg about 9:30 p.m. in the 3300 block of West Walnut Street in the East Garfield Park neighborhood, police said. He was taken to Mount Sinai Hospital.

About a half hour earlier, a 24-year-old woman was shot in the ankle in the 3100 block of West 39th Place in the Brighton Park neighborhood. She was taken to Mount Sinai Hospital in good condition.

At 7:40 p.m. a 19-year-old man was shot in the leg in the Calumet Heights neighborhood. He was shot in the 9000 block of South Colfax Avenue, ran home, called police and was taken to Advocate Christ Medical Center in good condition.

The three people with leg wounds are expected to survive.

Check back for more information.

pnickeas@tribune.com
Twitter: @peternickeas






Read More..

Exclusive: Google Ventures beefs up fund size to $300 million a year

SAN FRANCISCO (Reuters) - Google will increase the cash it allocates to its venture-capital arm to up to $300 million a year from $200 million, catapulting Google Ventures into the top echelon of corporate venture-capital funds.


Access to that sizeable checkbook means Google Ventures will be able to invest in more later-stage financing rounds, which tend to be in the tens of millions of dollars or more per investor.


It puts the firm on the same footing as more established corporate venture funds such as Intel's Intel Capital, which typically invests $300-$500 million a year.


"It puts a lot more wood behind the arrow if we need it," said Bill Maris, managing partner of Google Ventures.


Part of the rationale behind the increase is that Google Ventures is a relatively young firm, founded in 2009. Some of the companies it backed two or three years ago are now at later stages, potentially requiring larger cash infusions to grow further.


Google Ventures has taken an eclectic approach, investing in a broad spectrum of companies ranging from medicine to clean power to coupon companies.


Every year, it typically funds 40-50 "seed-stage" deals where it invests $250,000 or less in a company, and perhaps around 15 deals where it invests up to $10 million, Maris said. It aims to complete one or two deals annually in the $20-$50 million range, Maris said.


LACKING SUPERSTARS


Some of its investments include Nest, a smart-thermostat company; Foundation Medicine, which applies genomic analysis to cancer care; Relay Rides, a carsharing service; and smart-grid company Silver Spring Networks. Last year, its portfolio company HomeAway raised $216 million in an initial public offering.


Still, Google Ventures lacks superstar companies such as microblogging service Twitter or online bulletin-board company Pinterest. The firm's recent hiring of high-profile entrepreneur Kevin Rose as a partner could help attract higher-profile deals.


Soon it could have even more cash to play around with. "Larry has repeatedly asked me: 'What do you think you could do with a billion a year?'" said Maris, referring to Google chief executive Larry Page.


(Editing by Muralikumar Anantharaman)


Read More..

Lakers rout Warriors 101-77 after Brown's firing

LOS ANGELES (AP) — Kobe Bryant scored 27 points, Pau Gasol added 14 points and 16 rebounds, and the Los Angeles Lakers responded to coach Mike Brown's firing earlier Friday with a 101-77 victory over the Golden State Warriors.

Jordan Hill scored 14 points for the Lakers, who had just a few hours to absorb Brown's dismissal after just 18 months on the job. Following a bumpy first half under interim coach Bernie Bickerstaff, they pulled away in the third quarter with a 25-9 run led by Bryant, who also had nine rebounds and seven assists.

Stephen Curry scored 18 points and Klay Thompson had 15 for the Warriors, who have lost five straight to the Lakers overall, and nine straight at Staples Center since March 2008.

The comfortable victory doubled the Lakers' victory total for the season and capped one of the most tumultuous days in recent history for a franchise that's never short on drama.

With the talented veteran club off to a Western Conference-worst 1-4 start after a winless preseason, Lakers general manager Mitch Kupchak and owner Jim Buss abruptly dismissed Brown, informing the players during their morning shootaround.

Bickerstaff ran the Lakers as the interim coach, but the veteran NBA bench boss isn't likely to be a candidate for the full-time job. Kupchak is searching for a replacement, possibly making a selection before the Lakers' next game on Sunday against Sacramento.

The Lakers' crowd quickly made its choice known: A chant of "We want Phil!" rose out of the stands while Bryant shot a free throw in the third quarter.

Phil Jackson, the 11-time NBA champion coach who won five rings in two previous stints running the Lakers, is near the top of Kupchak's list again, the GM acknowledged. Mike D'Antoni, the former Knicks and Suns coach, also is thought to be a prime candidate.

Dwight Howard had six points and eight rebounds while playing just 24 minutes for the Lakers in his ongoing return from offseason back surgery. Steve Nash, the other major addition to the club, watched from behind the Lakers' bench, missing his fourth straight game with a small fracture in his leg.

Brown never got the chance to integrate the two stars into his new offense while they were dogged by health issues. Kupchak and Buss still needed to see more success than the Lakers managed in the past six weeks, particularly on defense — and Los Angeles limited the Warriors to 33.7-percent shooting.

The Lakers' offensive struggles evaporated in the third quarter while they leaped to an 18-point lead over the undermanned Warriors, who struggled to contend inside without injured center Andrew Bogut.

Darius Morris had career highs of 10 points and five rebounds while playing the majority of the Lakers' minutes at point guard. Los Angeles' reserves have been largely ineffective during Brown's tenure, but Morris and Hill led a spirited effort against the Warriors, outscoring their counterparts with Golden State 37-17.

NOTES: Lakers F Devin Ebanks was inactive after getting arrested on suspicion of driving under the influence of alcohol or drugs early Friday morning. Rookie Darius Johnson-Odom made his NBA debut in the final minutes. ... Warriors C Andris Biedrins came up roughly 2 feet short on an airballed free throw in the first half. The Latvian veteran has a career free-throw shooting percentage just over 50 percent. ... Brown went 42-29 with the Lakers, coaching them to the second round of the playoffs during the strike-shortened season before his abbreviated start to this fall.

Read More..

Taylor Swift to headline “New Year’s Rockin’ Eve”
















LOS ANGELES (Reuters) – Country-pop star Taylor Swift will ring in the New Year in the United States as the headline act on TV special “New Year’s Rockin’ Eve,” which will feature a two-hour tribute to late host Dick Clark, organizers said on Friday.


Swift, whose new album “Red” racked up more than 1 million copies in first week U.S. sales, will perform live in New York’s Times Square on December 31, just before the ball drops to bring in 2013.













The New Year’s Eve music special for ABC television was hosted for four decades by legendary TV and music producer Clark before his death in April at age 82.


This year the show will be helmed again by Clark’s recent co-host – “American Idol” host and radio DJ Ryan Seacrest – under the title “Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest,” ABC and dick clark productions said.


The evening will kick off with a two-hour tribute to the host of TV dance show “American Bandstand” that will feature clips of Clark’s long career, and remembrances by musicians and industry celebrities.


The 5-1/2 hour show will also feature other musical guests, yet to be announced, and report on New Year celebrations around the globe.


(Reporting By Jill Serjeant; Editing by Eric Walsh)


TV News Headlines – Yahoo! News



Read More..

Malaria vaccine a letdown for infants

LONDON (AP) — An experimental malaria vaccine once thought promising is turning out to be a disappointment, with a new study showing it is only about 30 percent effective at protecting infants from the killer disease.

That is a significant drop from a study last year done in slightly older children, which suggested the vaccine cut the malaria risk by about half — though that is still far below the protection provided from most vaccines. According to details released on Friday, the three-shot regimen reduced malaria cases by about 30 percent in infants aged 6 to 12 weeks, the target age for immunization.

Dr. Jennifer Cohn, a medical coordinator at Doctors Without Borders, described the vaccine's protection levels as "unacceptably low." She was not linked to the study.

Scientists have been working for decades to develop a malaria vaccine, a complicated endeavor since the disease is caused by five different species of parasites. There has never been an effective vaccine against a parasite. Worldwide, there are several dozen malaria vaccine candidates being researched.

In 2006, a group of experts led by the World Health Organization said a malaria vaccine should cut the risk of severe disease and death by at least half and should last longer than one year. Malaria is spread by mosquitoes and kills more than 650,000 people every year, mostly young children and pregnant women in Africa. Without a vaccine, officials have focused on distributing insecticide-treated bed nets, spraying homes with pesticides and ensuring access to good medicines.

In the new study, scientists found babies who got three doses of the vaccine had about 30 percent fewer cases of malaria than those who didn't get immunized. The research included more than 6,500 infants in Africa. Experts also found the vaccine reduced the amount of severe malaria by about 26 percent, up to 14 months after the babies were immunized.

Scientists said they needed to analyze the data further to understand why the vaccine may be working differently in different regions. For example, babies born in areas with high levels of malaria might inherit some antibodies from their mothers which could interfere with any vaccination.

"Maybe we should be thinking of a first-generation vaccine that is targeted only for certain children," said Dr. Salim Abdulla of the Ifakara Health Institute in Tanzania, one of the study investigators.

Results were presented at a conference in South Africa on Friday and released online by the New England Journal of Medicine. The study is scheduled to continue until 2014 and is being paid for by GlaxoSmithKline and the PATH Malaria Vaccine Initiative.

"The results look bad now, but they will probably be worse later," said Adrian Hill of Oxford University, who is developing a competing malaria vaccine. He noted the study showed the Glaxo vaccine lost its potency after several months. Hill said the vaccine might be a hard sell, compared to other vaccines like those for meningitis and pneumococcal disease — which are both effective and cheap.

"If it turns out to have a clear 30 percent efficacy, it is probably not worth it to implement this in Africa on a large scale," said Genton Blaise, a malaria expert at the Swiss Tropical and Public Health Institute in Basel, who also sits on a WHO advisory board.

Eleanor Riley of the London School of Hygiene and Tropical Medicine, said the vaccine might be useful if used together with other strategies, like bed nets. She was involved in an earlier study of the vaccine and had hoped for better results. "We're all a bit frustrated that it has proven so hard to make a malaria vaccine," she said. "The question is how much money are the funders willing to keep throwing at it."

Glaxo first developed the vaccine in 1987 and has invested $300 million in it so far.

WHO said it couldn't comment on the incomplete results and would wait until the trial was finished before drawing any conclusions.

Read More..

Madonna fan guilty in NYC resisting arrest trial

NEW YORK (AP) — A former firefighter with a crush on Madonna has been convicted of resisting arrest outside her former New York City apartment building as he spray-painted poster boards with love notes.

A jury delivered its verdict Friday in Robert Linhart's trial. He could face up to a year in jail.

Defense lawyer Lawrence LaBrew tells the New York Post (http://bit.ly/ZgI4jl) that Linhart will appeal.

Linhart was arrested in September 2010. Police say he parked his SUV outside the singer's Manhattan apartment, laid out a tarp and wrote out such messages as "Madonna, I need you."

Jurors told the Post they felt it was fine for Linhart to express himself to the Material Girl. But they said they believed police testimony that he resisted arrest by flailing his arms.

Read More..

Retailers plan earlier start to Black Friday









Cierra Hobson is a die-hard Black Friday shopper.

Every year she queues in front of one of her favorite stores, where she waits, in her pajamas, in hopes of bagging a good deal.

This year, Hobson and other deal-seekers will find some twists on the post-Thanksgiving Day ritual: coupons delivered via mobile phones and deeper discounts, maneuvers designed to make shopping easier for consumers and to set retailers on a strong start to the biggest shopping period of the year. But perhaps the biggest change will be an earlier start to the holiday rush.

Black Friday historically launched the day after Thanksgiving. But in recent years, stores have opened at 4 a.m., then midnight. Last year, retailers created a stir by opening at 10 p.m. Thursday. This year, Sears and Wal-Mart announced plans to open at 8 p.m.

"The name of the game this holiday season is who can do it best," said National Retail Federation spokeswoman Kathy Grannis.

"When (early openings) started in 2009, things were a little bit worse off in terms of consumer confidence," Grannis added. "At that point it was very necessary for retailers to get out there before anybody else, and that literally meant before midnight."

This year, holiday spending is expected to rise 4.1 percent, according to the retail federation. Last year, more than 24 percent of Black Friday shoppers were out before midnight and nearly 39 percent of shoppers were in the stores before 5 a.m.

Wal-Mart plans to greet shoppers with the likes of $89 Wii consoles and a $38 Blu-ray player. At Sears, there will be perks on sale items for members of its shopper loyalty program.

Both retailers are touting in-store pickup, allowing customers to buy items online and pick them up at the store, avoiding checkout lines.

The Disney Store plans to begin offering Black Friday deals on the Monday before Thanksgiving, though Disney stores will open at midnight in some markets and 5 a.m. in others. Ads leaked to Internet deal sites say Target stores will open at 9 p.m. on Thanksgiving.

Last year, Wal-Mart recorded its most customer traffic at 10 p.m. on Thanksgiving night, said spokesman Steven Restivo, adding that the retailer relied on focus groups, online surveys and other feedback to help it decide to open two hours earlier this year. "Our customers told us they loved our Thanksgiving event last year and wanted it again."

At Sears, staying open 26 consecutive hours through Black Friday gives its customers the flexibility they want and makes good business sense, said spokesman Brian Hanover.

"There's a segment of Sears customers who want that thrill of holiday shopping to start as soon as their Thanksgiving dinner ends," he said. "Traditionalists," he added, can wait for door busters at 4 a.m.

Despite discounts that often go beyond 50 percent, stores still make money on the sales, retail experts say. That's because shoppers in physical stores tend to spend more than they planned, said Sanjay Dhar, professor of marketing at the University of Chicago Booth School of Business.

In the store, "you end up making purchases that aren't as marked down, in addition to the door-buster deals," he said.

Opening earlier and staggering door-buster deals is not only a good way to make money, but it's also necessary for crowd control, retail watchers say. In 2008, a store employee was trampled to death in a Black Friday door-buster stampede at a Long Island, N.Y., Wal-Mart.

Hobson said she doesn't plan to start shopping Thanksgiving night, but she said she'll be up before dawn to catch sales at Express, a clothing store.

"Just knowing that everybody is doing the same thing I'm doing on the same day feels like the beginning of Christmas," she said.

Others worry that super-early openings could backfire.

Sheri Petras, CEO of CFI Group, a Michigan-based consultancy, said store employees grumpy from having to leave their Thanksgiving festivities will take out their anger on customers.

"Consumers will not spend as much with cranky employees," she said.

Some employees at Wal-Mart, Sears and Target say they'd like the day off.

Change.org, an activist website, said Friday that more than 20 new petitions were submitted by employees and consumers asking retailers to reconsider their Thanksgiving evening openings.

It's the second year the website has administered petitions calling for retailers to stick to traditional Black Friday openings.

In a statement distributed by OUR Walmart, a labor rights group, Wal-Mart employee Mary Pat Tifft, of Wisconsin, said she would be "devastated" if she had to work on Thanksgiving, because she is expecting her son home from Afghanistan for the holiday.

"This early opening is one more example of Walmart's disconnect with the workers who keep its stores running and disregard for all of our families. As the largest employer in the country, Walmart could be setting a standard for businesses to value families, but instead, this is one more Walmart policy that hurts the families of workers at its stores," she said.

crshropshire@tribune.com

Twitter @corilyns



Read More..

Obamas trying to keep life normal as girls grow up









WASHINGTON — When her father's second term as president is up, Malia Obama will be 18 and entering adulthood. She and her younger sister, Sasha, will have spent their formative years in the White House, a place their parents have attempted to shape into something resembling a normal home.

Over the past four years, Barack and Michelle Obama — though jetting around the country and the world — have put an emphasis on being home for family dinner at 6:30 most days. The president has been an assistant coach of 11-year-old Sasha's basketball team, the Vipers, and has often gathered with both daughters and their friends on Sundays for basketball practice. Michelle Obama's mother, Marian Robinson, moved from Chicago into the White House so she could meet her granddaughters after school and keep an eye on them.

"I'm so proud of you guys," the president told his daughters during his acceptance speech early Wednesday after being re-elected. "Sasha and Malia, before our very eyes, you're growing up to become two strong, smart, beautiful young women."

As the president's daughters grow up in such a public way, there are challenges that could pierce even their tightly knit circle. The repercussions of an Obama daughter being caught acting "bratty" have been discussed within the family, Michelle Obama has said.

"I think they are ... the first kids in the White House growing up where everybody's got a cellphone and everybody's watching," the first lady told the women's website iVillage last month. "You may be having a moment, but somebody could use that moment and try to define you forever."

Neither Obama daughter is on Facebook, though their parents have said they have active social lives. Both go trick-or-treating with friends, attend sports tournaments and have sleepovers, she told late-night talk show host Jimmy Kimmel two weeks ago. This past summer, the girls went to sleep-away camp in New Hampshire, a privilege their mother said they were allowed in part because of the Secret Service detail that accompanies them.

They have been spotted with friends around Washington, but the press corps that follows their parents' every word and move does not routinely write about the first daughters, unless they are with their parents at an official event.

Politics is not a central part of the children's lives, their parents have said. The girls were largely absent from the campaign trail this year. They made appearances at the Democratic National Convention and flew to Chicago after school Tuesday to have dinner with their parents and see their father voted into a second term — but that was it.

Before big speeches on such occasions, their father's pep talks consist of a plea, such as, "Just look like you're listening." Their mother reminds them to smile. They have no "poker face," she told Kimmel.

"The last thing you want is yawning," the first lady said.

In the coming days, after catching their breath, the president and first lady will get "back to work, starting, like, right away," said Valerie Jarrett, the president's senior adviser and a close friend of the family. The same is true for their daughters, the president recently told Brian Williams on NBC's "Rock Center."

"Right now, what my family is thinking about is making sure Sasha and Malia are doing their homework," he said.

Malia will presumably want to learn how to drive while living in the White House, which could be challenging given that her parents travel in motorcades.

Then there's the angst-ridden challenge of dating while living in the White House. Michelle Obama has promised not to discuss her daughters' potential dating lives but has relished the idea that dating the president's daughter will instill no small amount of trepidation in young men. The eldest Obama daughter attended her school's homecoming dance with a group of friends from Washington's Sidwell Friends, where both Obama girls are students. Malia is a freshman in the upper school; Sasha is a sixth-grader in the lower campus.

The Obamas have given every indication that they hope to keep their daughters' lives as normal as possible over the next four years. Although being the president's daughters has meant meeting celebrities like Beyonce and Jay-Z, the girls also have to make their beds, and Malia has to do her own laundry.

"I don't want her to be that kid who is 15 or 16, and (she's saying), 'Oh, I don't know how to do laundry.' I would cringe if she became that kid," Michelle Obama told Oprah Winfrey last year.

"We have real discussions about responsibility, not taking things for granted. And not having a bunch of grown-ups doing stuff for you when you're completely capable of doing it yourself, and being able to take care of your own business. And you're not living in the White House forever — you're going to college. ... We have those discussions."



Read More..

Exclusive: Google Ventures beefs up fund size to $300 million a year

SAN FRANCISCO (Reuters) - Google will increase the cash it allocates to its venture-capital arm to up to $300 million a year from $200 million, catapulting Google Ventures into the top echelon of corporate venture-capital funds.


Access to that sizeable checkbook means Google Ventures will be able to invest in more later-stage financing rounds, which tend to be in the tens of millions of dollars or more per investor.


It puts the firm on the same footing as more established corporate venture funds such as Intel's Intel Capital, which typically invests $300-$500 million a year.


"It puts a lot more wood behind the arrow if we need it," said Bill Maris, managing partner of Google Ventures.


Part of the rationale behind the increase is that Google Ventures is a relatively young firm, founded in 2009. Some of the companies it backed two or three years ago are now at later stages, potentially requiring larger cash infusions to grow further.


Google Ventures has taken an eclectic approach, investing in a broad spectrum of companies ranging from medicine to clean power to coupon companies.


Every year, it typically funds 40-50 "seed-stage" deals where it invests $250,000 or less in a company, and perhaps around 15 deals where it invests up to $10 million, Maris said. It aims to complete one or two deals annually in the $20-$50 million range, Maris said.


LACKING SUPERSTARS


Some of its investments include Nest, a smart-thermostat company; Foundation Medicine, which applies genomic analysis to cancer care; Relay Rides, a carsharing service; and smart-grid company Silver Spring Networks. Last year, its portfolio company HomeAway raised $216 million in an initial public offering.


Still, Google Ventures lacks superstar companies such as microblogging service Twitter or online bulletin-board company Pinterest. The firm's recent hiring of high-profile entrepreneur Kevin Rose as a partner could help attract higher-profile deals.


Soon it could have even more cash to play around with. "Larry has repeatedly asked me: 'What do you think you could do with a billion a year?'" said Maris, referring to Google chief executive Larry Page.


(Editing by Muralikumar Anantharaman)


Read More..