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It is my sincere pleasure to welcome Lisa Lambert here. She is a partner at the venture capital

from Intel Capital. And to get things started, since we're going to do a little bit of an

interview today, maybe you could set the stage by telling us a little bit about Intel Capital.

Intel Capital, absolutely. How many have heard of Intel Capital? So everybody's heard of Intel, but the capital division is a little more of a secret, I suppose. But we are not unlike most traditional VCs. The primary difference is that we're a strategic investor. So as we're investing to make a financial return, like traditional venture capital firms,

we also need to generate strategic value for Intel.

I've got a couple of slides that actually can refer to if I can get them to move.

Maybe not.

That's okay.

So the main difference is if you look at Intel Capital, we like to invest in areas that help us essentially sell silicon,

whether that's into consumer market segments or enterprise market segments or mobile market segments.

So traditional VCs typically only invest to make a financial return. We'll pass on a great financial deal to do a deal that's going to produce strategic value.

So that's an important criteria for us.

Great. So what is the relationship between Intel and Intel Capital?

I mean, are these completely separate companies or, you know, how do you work together?

It's actually a division of Intel.

So we're a business unit, just like any of the other P&Ls.

We're responsible for producing a profit,

hopefully not generating a loss.

We have done that for quite a while, so that's a good thing,

despite the difficulties that VC has had in general

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