The Google-backed VC team, GV, has a wide range of responsibilities, but it is incapable of doing anything.

David Krane’s situation is envied. As the CEO of GV, a venture capital firm that receives $1 billion in annual funding from Google, his team of about 100 people is allowed to place several bets with only a few significant limitations.
Krane stated earlier this month at a TechCrunch StrictlyVC event in San Francisco that GV had invested over $10 billion in its 15-year history and in an astounding 800 firms during the past five years.
Uber, whose $258 million Series C round was financed entirely by GV back in 2013, has received more in one go than any other company. However, GV occasionally makes huge investments, such as investing $140 million in the data infrastructure.
Krane claims that there aren’t many restrictions on GV’s operations because the company only makes investments for financial gain. Thus far, GV has primarily made investments in the United States, with about half a billion dollars allocated to Europe, its second-largest region. This has required it to devote half of its effort to biotech, health care, and life sciences, and the other half to a broad category known as “digital.”
This level of independence has also eliminated the need to cross a red line separating what GV and CapitalG, Alphabet’s growth stage company, can finance.
When asked if the two teams ever try to sway a deal or a larger stake in a business, Krane shot down the idea, stating that since
“we’re funded by the same source,” the “secret there is to communicate well.”
Both teams are investors in Stripe, Cribl, and a few other companies.
In fact, deliberately encouraging Google employees to launch a business so that GV may be the first to fund it is one of the few evident no-nos.