Search Biz: Great! AOL Biz? "Impaired"

One of the news items I missed while I was away was the launch of Google's VC business. Not sure if anyone made the connection, but Google has already been in the VC biz, though in what might be called "very late stage": They invested $1 billion in AOL back in 2005, mainly to protect the distribution that AOL provided Google (and keep it from going to Microsoft or Yahoo).

At the time, I… » Full Story on John Battelle's Searchblog