anthony lin named permanent managing partner and head of intel capital
Anthony Lin Permanently Appointed to Lead Intel Capital
Following Wendell Brooks’ departure as managing partner and head of Intel Capital last August, Anthony Lin initially assumed the position on an interim basis. The question of a permanent appointment remained open, but has now been answered after six months.
Formal Announcement
Lin revealed his permanent appointment in a letter addressed to the firm’s portfolio CEOs, published on the company’s official website. He expressed his gratitude and acknowledged the exceptional talent within both the entrepreneurial ventures and the Intel Capital team.
A Pivotal Time for Intel
This transition occurs during a period of significant challenges for Intel, as the company strives to reclaim its leading position in the semiconductor industry. Concurrently, Intel has welcomed a new CEO, Pat Gelsinger, who returned in January from VMware to spearhead the organization.
Intel Capital’s Strategic Role
As Intel’s corporate investment division, Intel Capital focuses on identifying companies that can guide the parent company’s future resource allocation. However, some argue its effectiveness has been limited, given Intel’s recent struggles with innovation.
Previously serving as head of mergers and acquisitions and international investing, Lin is now positioned to leverage the firm’s investment capital to steer Intel toward promising new directions and foster innovative solutions built on the Intel platform.
Investment Activity in 2020
Lin recognized the difficulties of 2020, but highlighted the firm’s continued investment activity. Intel Capital invested in 75 startups, comprising 35 new ventures and 40 follow-on investments in existing portfolio companies.
Commitment to Diversity
A key focus has been increasing investment in companies led by diverse founders. Specifically, 30% of new venture-stage funding was directed towards startups with diverse leadership, as stated by Lin.
Furthermore, the company has pledged to allocate 15% of all deals over a five-year period to ventures with Black founders. While progress has been made – reaching 9% of new venture deals and 15% of venture dollars committed in 2020 – further advancement is necessary. Lin affirmed a continued commitment to fostering diverse and inclusive teams.
Challenges and Expectations
Lin now faces the substantial task of aligning Intel Capital’s investment strategy with Gelsinger’s broader corporate objectives, all while ensuring prudent investment decisions.
Successfully navigating these challenges will be crucial for Intel’s future success.
Ron Miller
Ron Miller's Background in Technology Journalism
Ron Miller has a distinguished career as a journalist specializing in the technology sector. He most recently served as an enterprise reporter for TechCrunch, covering significant developments within the industry.
Early Career and Editorial Roles
Prior to his role at TechCrunch, Miller dedicated a substantial period as a Contributing Editor for EContent Magazine. His expertise was regularly featured in this publication.
Throughout his career, he has also contributed consistently to several other prominent technology publications.
- CITEworld was a regular outlet for his writing.
- He was a frequent contributor to DaniWeb, offering insights on web development and technology.
- TechTarget also benefited from his reporting and analysis.
- Miller’s work appeared in Internet Evolution, focusing on the changing landscape of the internet.
- He also held a position with FierceContentManagement, covering content management systems and strategies.
Corporate Blogging and Contributions
Miller’s experience extends beyond traditional journalism to include corporate blogging. He previously maintained a weekly blog for Intronis, addressing pertinent IT-related topics.
Furthermore, he has provided content for a variety of corporate blogs over the years.
- He contributed to the blog of Ness, a technology consulting company.
- Novell also featured his insights on their corporate blog.
- Miller participated in the IBM Mid-market Blogger Program, sharing expertise with a business-focused audience.
These diverse experiences demonstrate a comprehensive understanding of the technology landscape, from reporting on industry trends to providing practical advice for businesses.