The fund will focus primarily on companies seeking seed funding and early stage funding, and Google Ventures will have the ability to make investments ranging from tens of thousands to "several tens of millions" of dollars, Maris said.
There's some confusion in what "seed" means in investing, since when YC came around it kind of changed the rules. To VCs "seed stage" means "half a million dollars", not "$15k and Paul's secret rice and beans recipe".