Anthony Lin Named Managing Partner & 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.