Intel Capital veteran Lisa Lambert has left the chip maker to join the Westly Group. Lambert was the managing director of the Intel Capital Diversity Fund and Intel Capital’s Software and Services Fund, so this is a big loss for the chip making giant.
A big loss for Intel
In a press conference in June 2015, Lambert announced the Intel Capital Diversity Fund in the presence of CEO Brian Krzanich. Now that Lambert has left, it is not certain that what will happen to that fund.
Before joining Intel Capital in 1999, Lambert held a Product Marketing Management position with Intel’s Desktop Products Group with responsibility for the Pentium II and III processor families. She was named the #1 Rising Star on the elite list of corporate venture capitalists by Global Corporate Venturing.
Lambert serves on the board of directors for Brit+Co, Mark One and Silkroad Technology. In addition, she is a board observer for Fonality, Urban Airship, and Kaltura. She is on the board of directors for the National Venture Capital Association (NVCA) as well.
Before joining Intel, Lambert worked at Owens-Corning as a software engineer and in managerial roles in product marketing, sales and strategic planning. She holds a Bachelor of Science in Management Information Systems from Pennsylvania State University and an MBA from Harvard Business School.
Lambert: a good fit for Westly
Westly Group said Lambert has 16 years of venture capital experience, and she was associated with investments that provided 30 acquisitions and seven initial public offerings. The Westly Group’s main focus is investments related to sustainability, and Lambert will concentrate on investing in high growth software, Internet and Internet of Things companies for the firm.
Lambert has invested and assisted in the growth of some of the biggest technology successes of Silicon Valley, including MySQL (acquired by Sun Microsystems), VMware (IPO), DATAllegro (acquired by Microsoft), Endeca (acquired by Oracle), X+1 (acquired by Rocket Fuel), TOA Technologies (acquired by Oracle), Nexmo (acquired by Vonage), Joulex (acquired by Cisco), and JBoss (acquired by Red Hat).
In a press release, Westly management said they are delighted to have someone of Lisa’s caliber join their firm.
“Lisa brings a strong background in technology and a terrific investment track record. It’s no surprise that someone who was once a Division I college athlete and team captain, has become one of the best coaches for young start-ups in Silicon Valley. We’re delighted to have her on our team,” the statement read.
