A look at Intel Capital before the 34-year-old firm strikes out on its own

When Intel Capital announced its plans to spin out from semiconductor giant Intel in January, it came as a bit of a shock considering the firm has been operating as Intel’s venture investment arm since 1991. In many ways this decision marks the end of an era for what’s considered by some to be the first corporate venture capital firm of all time. The firm was founded nearly 35 years ago and has backed notable enterprise tech companies including: DocuSign, MongoDB and Hugging Face, among nearly 2,000 others. But for Mark Rostick, vice president and senior managing director at Intel Capital, the transition represents a new opportunity for the VC while allowing the firm to keep many of the benefits it had as a CVC. Rostick joined the firm back in 1999 after a friend at Intel Capital recommended he should try to get a job there. Rostick, who wasn’t enjoying working as a tech licensing attorney at the time, took her up on it. After he met the team, he said he’d do anything — even mop the ... Read full article.