Intel sold hundreds of companies suddenly VC equity: avalanche-Intel throws valuation, venture capital-IT information

For global technology startups, and has quite a chill in the current capital market. A large number of companies are blasting valuation be reduced by investment institutions, including India millet Flipkart as well as China. Recently according to the United States, Bloomberg reported, Intel will sell the venture capital business, which withdrew from the venture capital market, foreign media expected valuations of technology companies will bring a massive avalanche.

"Intel Capital" is Intel's venture capital business, and invested in a large number of the world. In 2015 alone, Intel Capital global 143 companies invested more than 500 million US dollars. In 2014, Intel capital also set up a Fund of 100 million dollars in China, specialising in intelligent equipment company.

It was reported that Intel has offered $ 1 billion for transfer transactions, specific transaction form is unknown, foreign media estimates that Intel may also be directly transferred to the new company's equity assets.

Just two months ago, head of Intel's venture capital business to retire, and the transfer of the business news of the outside world by surprise. After all, in the last 25 years, Intel is not just a computer chip giant, is also very active on the it market an investor.

In the age of smart phones, Intel missed mobile phone chip gold mines became Qualcomm's "audience". Today, odd under the leadership of Intel is targeting new opportunities, prevent the tragedy of mobile phone chips again. Intel has the layout of the chip in new areas such as the Internet of things.

Foreign Media noted that Intel's venture capital assets transfer, vibrations will surpass Intel's own, would be a disaster for the whole technology industry, valuations could trigger an avalanche of global technology companies.

Recently in the VC industry, lower investment valuations have become almost routine, such as fidelity investments and other United States a number of funds, cut investment and valuation and equity asset values. Media analysts noted that valuation downgrades news may have Intel recognizes that now is hurriedly selling venture capital equity assets, the best time to show.

Investment funds, such as fidelity, likely to pass rigorous calculation, adjust the value of venture production, but Intel Capital transfers may take a more simple manner on the open market.

If the Intel to "discount" the transfer of ownership of assets, which will affect a different equity value of the company. In addition, this adjustment will exceed the price of Intel's investment company, such as or the same products in the same industry, investors will follow Intel asset prices back to the valuation (such as redefining a price-earnings ratio, Price to Sales Ratio, and so on). This will form a chain reaction.

Of course, the large number of startups Intel capital, did not rule out some companies get huge returns on investment, so if the sale of venture equity assets, Intel would still achieve significant profitability. In addition, for the higher returns on investment firms, if their ownership sold a high price, will also bring good news to the peer.

Obviously, Intel's investment of equity transfer prices, depends to a large extent the anxious degree of Intel's exit from the venture capital market, if Intel is eager to sell assets, you have to give generous discounts. Within the next few months, many technology companies in Silicon Valley will be highly concerned about how Intel venture to dispose of many technology companies.

英特尔突然变卖数百公司风投股权：将引发估值雪崩 - 英特尔,风险投资 - IT资讯

对于全球的科技新创公司而言，目前的资本市场颇有些春寒料峭。大量公司被爆估值被投资机构调低，其中包括印度电商Flipkart以及中国小米。日前据美国彭博社报道，英特尔将变卖风险投资业务，即从风险投资市场退出，外媒预计这将给科技公司的估值带来一场巨大的雪崩。

“英特尔资本”是英特尔旗下的风投业务，在全球大量进行了投资。单单是在2015年，英特尔资本就面向全球143个公司投资了5亿多美元。就在2014年，英特尔资本还在中国设立了一亿美元的基金，专门投资智能设备公司。

据报道，英特尔已经为转让交易开价10亿美元，另外具体交易形式不详，外媒估计，英特尔也有可能直接对新创公司的具体股权资产进行转让。

就在两个月前，英特尔风投业务的负责人退休，而此次转让业务的消息令外界感到意外。毕竟在过去25年时间里，英特尔不仅仅是一家电脑芯片巨头，也是科技市场上非常活跃的一个投资人。

在智能手机时代，英特尔错过了手机芯片的金矿，成了高通的“观众”。如今，科再奇领导下的英特尔正在瞄准各种新机会，防止手机芯片的悲剧再度重演。英特尔已经布局了物联网芯片等新领域。

外媒指出，英特尔转让风险投资资产，震动将超越英特尔自身，将殃及整个科技行业，全球科技公司的估值可能引发一次雪崩。

最近在风投行业，调低被投资对象的估值已经屡见不鲜，比如富达投资以及其他美国多家基金，都下调了被投对象估值和股权资产价值。媒体分析指出，估值纷纷下调的新闻，可能已经让英特尔意识到，目前是赶紧变卖风险投资股权资产、套现出局的最佳时机。

诸如富达等投资基金，可能会通过严格的计算，调整风投资产的价值，不过英特尔资本的转让，可能采取一种公开市场更简单的方式。

如果英特尔以“打折方式”转让股权资产，这将会影响到同一家公司不同投资人股权的价值。另外，这样的价格调整将会超越英特尔投资的公司，比如在相同的行业或者相同的产品领域，投资人也会按照英特尔变卖资产的价格，重新进行估值（比如重新确定一个市盈率、市销率等）。这将形成一种连锁反应。

当然，英特尔投资的新创公司数量众多，不排除某些公司的投资获得巨大回报，因此如果整体转让风投股权资产，英特尔仍然会获得显著的盈利。此外，对于那些投资回报率较高的公司，如果他们的股权卖出一个高价，也将给同行带来利好消息。

显然，英特尔投资对象的股权转让价格，很大程度上取决于英特尔退出风险投资市场的焦急程度，如果英特尔急于变卖资产，则不得不给出优厚的折扣。未来几个月内，硅谷的许多科技公司也将会高度关注英特尔如何处置众多科技公司的风投资产。