AAA November 2015 – Page 13

Brooks moves centre stage, as ‘Silicon Valley icon’ Sodhani bows out

Wendell Brooks, the incoming head of Intel Capital, finally took on the reins at the world’s biggest venture capital firm, as he dubbed his predecessor, Arvind Sodhani, “a Silicon Valley icon”. The pair’s organisation Intel Capital hosted more than 1100 people in San Diego for its Intel Capital Global Summit this week, the group’s annual… Continue reading Brooks moves centre stage, as ‘Silicon Valley icon’ Sodhani bows out

Tencent answers Zhihu’s series C question

China-based question-and-answer platform Zhihu has achieved a $55m close for a series C round led by internet company Tencent, China Money Network reported today. Tencent reportedly invested as a strategic investor, though further details have not been revealed. The round valued Zhihu at $300m. Founded in 2010, Zhihu operates a platform where users can ask… Continue reading Tencent answers Zhihu’s series C question

Sodhani recalls time Intel’s Grove ‘threw me out’, as he retires

 Arvind Sodhani, the outgoing head of Intel Capital, revealed the former CEO of Intel, Andy Grove, “threw me out of his office” when Sodhani first proposed the company should begin investing in start-ups. Sodhani, speaking in an emotional retirement appearance at Intel Capital’s annual Global Summit, after 34 years as a key figure at Intel,… Continue reading Sodhani recalls time Intel’s Grove ‘threw me out’, as he retires

Brooks says Intel Capital carry changes ‘probably bad timing’

Wendell Brooks, the incoming head of corporate venturing unit Intel Capital, said the move by the group to change its compensation from a carried interest-like structure to more bonus-based terms last year, “was probably bad timing.” Market sources have told Global Corporate Venturing the changes to compensation had been part of departees’ decision to leave,… Continue reading Brooks says Intel Capital carry changes ‘probably bad timing’