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

If you’re a Google employee and you know about a stealth startup that wants funding, you can pocket a cool $10,000. 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, Google Ventures partners Bill Maris and David Krane tell me, although the payout is much higher for startup referrals.

Source: http://techcrunch.com/2011/03/18/google-ventures-launches-10000-startup-referral-program-for-employees/

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