Google Invests In Startup Of Co-Founder’s Wife

Good or Bad?  You decide

“Fresh off her marriage to Google Inc. co-founder Sergey Brin, biotechnology entrepreneur Anne Wojcicki is now wedded to the company too.

In Securities and Exchange Commission documents filed Tuesday, Google revealed that it invested $3.9 million to obtain a minority stake in Wojcicki’s biotech startup, 23andMe Inc.

Some of the money that Google anted up this month was used to repay $2.6 million in financing previously provided to 23andMe by Brin, one of the world’s wealthiest men with an estimated $16 billion fortune.

The disclosure, which marked Google’s first confirmation of a secretive marriage consummated in the Bahamas earlier this month, could pose nettlesome questions of nepotism for the Internet search leader, which ranks among the world’s most scrutinized publicly held companies. (Full story)

But any criticism of Google’s ties to 23andMe is likely to be tempered by the investment’s relatively small size. Google earned $1 billion during the first quarter, or about $11 million per day, and ended March with $11.9 billion in cash.”

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