Economically, times are tough, but great ideas come when they will. If anything, we think the current downturn is an ideal time to invest in nascent companies that have the chance to be the "next big thing," and we'll be working hard to find them. If you think you have the next big idea, or if you just want to to learn more, please see our website at www.google.com/ventures.
Will it be easy for Google to give you venture capital money? I doubt it. But it is nice to see them making this arm more official.
Forum discussion at WebmasterWorld.