Google is increasing the capital commitment to its in-house venture fund Google Ventures, bumping the allocation up to $300 million per year. Founded in 2009, the firm aims to make 40-50 “seed-stage” investments per year of approximately $250,000 apiece, 15 deals of up to $10 million, and one or two deals of $20-$50 million. The allocation could grow further, as CEO Larry Page reportedly recently asked managing partner Bill Maris, “What do you think you could do with a billion a year?” [Source Reuters]