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A look at Intel Capital before the 34-year-old firm strikes out on its own
Intel Capital is set to spin out from its parent company later this year after serving as Intel's venture investing arm since 1991.
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. At the managing director level alone, there have been multiple departures since these spinoff talks would have started getting serious including: Mark Lydon, Arun Chetty, Sean Doyle and Tammi Smorynski, all of whom had been at the firm for more than 20 years, as originally reported by Axios.
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