Former Intel CEO Pat Gelsinger jumps to venture capital, joins Playground Global
After retiring as Intel's CEO in December, Pat Gelsinger is becoming a general partner at early-stage venture firm Playground Global.
After a tumultuous four years running Intel, Pat Gelsinger is going into venture capital.
Gelsinger, who was ousted by the chipmaker in December, has joined Playground Global as a general partner. Started in 2015 by a group that included Android founder Andy Rubin, Playground focuses on early-stage investments in deep technology.
Gelsinger told CNBC in an interview that he considered starting a venture firm with someone else, but opted to go with a structure that was already up and running.
"It's about scale," Gelsinger said, adding that starting from scratch would require "10 hard years to get it."