Google's Moonshot Projects Just Got a Lot Less Risky

One of the biggest and ongoing concerns for investors in Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) has been Google's seemingly bottomless pockets when it comes to funding its moonshot projects.

After years of defending its massive research and development budget for these high-risk, high-reward undertakings, Google eventually reorganized into Alphabet, in a bid to provide visibility and transparency into a segment that's now referred to as "other bets." These include self-driving car company Waymo, broadband unit Google Fiber, life sciences division Verily, drone unit Wing, and balloon segment Loon, among others.

Now, Google is taking a fresh approach to help fund some of its most ambitious undertakings, using venture capital funds to alleviate some of the risk.

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Source Fool.com