Almost three decades ago, Miller co-founded Intel Capital, one of the most prominent CVCs then and now. Since 1991, Intel Capital has invested $12.4 billion in 1,544 companies in 57 countries. According to an Intel spokesperson, Intel Capital has been making in recent years fewer new investments each year so it can take more meaningful stakes and play a more relevant role in helping startups grow and succeed. When Les Vadász came back from sabbatical in 1991, this activity was formalized under him as Corporate Business Development (CBD) which later was re-named Intel Capital. One of the advantages of Intel Capital over a traditional VC firm was that “I had Intel behind me,” says Miller.

Source: Forbes June 18, 2019 13:18 UTC