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June 7, 2006
Intel to sell off it's Communication chip business, one I got wrong
As a venture capitalist you are basically making calculated bets. One of my bets was development of an operating system for NPU communication chips which Intel had made a big commitment to. It is becomming clear this week: MercuryNews.com | 06/03/2006 | How Intel wasted billions that Intel is getting out of the business after spending over $10B on it. The start-up I funded four years ago, IPFabrics, was a very good bet at the time to draft behind this investment. But one of the major risks was always that Intel would not be sucessful and would get out of the business. That has come to be. That doesn't mean that the bet on IPFabrics was wrong. In fact, they have created some very valuable technology which has the potential to be repurposed in a different way. That is also a fact of life in venture investing. The business plan that ends up making money may not be the one you originally invest in. Gosh this is fun.
Posted by Martin at June 7, 2006 10:33 AM
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