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Wendell Brooks has resigned as president of Intel Capital

Wendell Brooks has resigned as president of Intel Capital

When Wendell Brooks was promoted to president of Intel Capital, the funding arm of the chip big, in 2015, he knew he had huge footwear to fill. He was taking on from Arvind Sodhani, who had run the funding element for 28 years since its inception. Today, the corporate confirmed stories that Brooks has resigned that function.

“Wendell Brooks has resigned from Intel to pursue different alternatives. We thank Wendell for all his contributions and want him one of the best for the longer term,” an organization spokesperson advised TechCrunch in a somewhat bland ship off.

Anthony Lin, who has been main mergers and acquisitions and worldwide investing, will take over on an interim foundation. Interestingly, when Brooks was promoted, he too was in control of mergers and acquisitions. Whether Lin retains that function stays to be seen.

When I spoke to Brooks in 2015 as he was about to take over from Sodhani, he definitely sounded prepared for the duty at hand. “I’ve large footwear to fill in sustaining that observe report,” he mentioned on the time. “I view it as an enormous alternative to develop the main focus of group the place we are able to present strategic worth to portfolio corporations.”

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In that very same interview, Brooks described his funding philosophy, saying he most well-liked to guide, somewhat than come on as a secondary investor. “I are likely to suppose the lead investor is ready to affect the enterprise thesis, the path to market, the course, the expertise of a startup greater than a passive investor,” he mentioned. He added that it additionally tends to get board seats that may present further affect.

Comparing his agency to conventional VC companies, he mentioned they have been pretty much as good or higher when it comes to the investing report, and as a strategic investor introduced another benefits as nicely. “Some of the standard VCs are centered on a company-building worth. We can present strategic steering and complement a few of the firm constructing over different VCs,” he mentioned.

Over the lifetime of the agency, it has invested $12.9 billion in additional than 1,500 corporations, with 692 of these exiting through IPO or acquisition. Just this yr, underneath Brooks’ management, the corporate has invested $225 million thus far, together with 11 new investments and 26 investments in corporations already within the portfolio.

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Intel Capital pumps $72M into AI, IoT, cloud and silicon startups, $115M invested thus far in 2018

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