safan80
07-03-2007, 03:07 AM
I'd like to have 16mil to burn!
µ (http://www.theinquirer.net/default.aspx?article=40713)
Beats out Sequoia
By Wily Ferret: Monday 02 July 2007, 10:18
INTEL CAPITAL, the investment arm of Chipzilla, beat out even the mighty Sequoia in numbers of deals done last year, said the Mercury News. ICap, as it's known in the biz, utilises Intel's extraordinarily large pot of cash to invest in tech firms that it thinks might deliver a good return. Recently, it invested in K2 Networks to the tune of $16m, ensuring that the game developer gets to build out its online service. Intel has also put money into several companies pushing its 'pet' projects, such as WiMax and mobile computing.
By investing heavily, it's claiming a place amongst the Valley heavyweight financiers, in a move that could spark renewed competition in the area and lead to some good deals for entrepreneurs looking for some big cash.
However, it's not all good news. Aggregator TV, an online TV provider that got money from ICap by virtue of its synergy with Viiv, went bust a couple of months ago, taking the £9m pot of money it raised from Intel, 3i and Amadeus with it - proving the risky business ICap is working in.
The £9 million formed part of the $1.07 billion that Intel spent last year on investments which the company says is up from the $265m it spent the year before - a rather lofty increase.
Chipzilla is obviously looking to switch up how it does business, and we've seen a lot of changes at the firm in the last year. This increased focus on investment deals perhaps signals an era where the firm looks to do more in partnership than it does just by itself. A co-operative Zilla? Shurely shome mishtake. µ
µ (http://www.theinquirer.net/default.aspx?article=40713)
Beats out Sequoia
By Wily Ferret: Monday 02 July 2007, 10:18
INTEL CAPITAL, the investment arm of Chipzilla, beat out even the mighty Sequoia in numbers of deals done last year, said the Mercury News. ICap, as it's known in the biz, utilises Intel's extraordinarily large pot of cash to invest in tech firms that it thinks might deliver a good return. Recently, it invested in K2 Networks to the tune of $16m, ensuring that the game developer gets to build out its online service. Intel has also put money into several companies pushing its 'pet' projects, such as WiMax and mobile computing.
By investing heavily, it's claiming a place amongst the Valley heavyweight financiers, in a move that could spark renewed competition in the area and lead to some good deals for entrepreneurs looking for some big cash.
However, it's not all good news. Aggregator TV, an online TV provider that got money from ICap by virtue of its synergy with Viiv, went bust a couple of months ago, taking the £9m pot of money it raised from Intel, 3i and Amadeus with it - proving the risky business ICap is working in.
The £9 million formed part of the $1.07 billion that Intel spent last year on investments which the company says is up from the $265m it spent the year before - a rather lofty increase.
Chipzilla is obviously looking to switch up how it does business, and we've seen a lot of changes at the firm in the last year. This increased focus on investment deals perhaps signals an era where the firm looks to do more in partnership than it does just by itself. A co-operative Zilla? Shurely shome mishtake. µ