Carey Lai's Corner

A former lemonade stand entrepreneur turned Venture Capitalist

About Me

Fun Bio

My entrepreneurial career began late.  My “lemonade stand” was a tennis racket re-stringing business I ran and managed throughout high school.  It paid so well, I never took a dime of allowance from my parents.  In fact, it even helped pay for college.  While at UCLA, I began working for a small company (at the time) called eBay doing business development.  Little did I know what a bubble was until it burst (2002).  I graduated from UCLA, packed up my bags and like the 49ers, headed to San Francisco where I began my (adult) career as an Analyst in Technology Investment Banking.  After 2-years of what I’ll describe as “boot camp”, I transitioned to venture capital where I discovered my true calling.  I joined Institutional Venture Partners or better known as IVP in 2004, then, took a partner role at Intel Capital in 2011.  That’s my story and I’m sticking to it.

Adult Bio

I’ve spent my entire career focused in Technology.  I love technology and entrepreneurs.  While still in college, I worked for eBay.  When I graduated, I began my career as an Analyst in Technology Investment Banking focusing on Software and Financial Technology in San Francisco.

I joined Intel Capital as an Investment Director in July 2011 and focus on Internet, Digital Media & Cloud-based Services. I joined Intel Capital from Institutional Venture Partners (IVP) where I was a Vice President focused on fast growing later-stage investments since June 2004. While at IVP, my investments included ArcSight (HPQ), (DEXO), Concur (CNQR), ConnectAndSell, Danger (MSFT), Data Domain (EMC), HomeAway (AWAY), Mobile365 (SAP), SuccessFactors (SFSF), and Synchronoss (SNCR). I also worked in the Technology Investment Banking Group at Banc of America Securities as a Financial Analyst focused on the Software and Financial Technology sectors. My transaction experience included offerings for some of the leading technology companies, including Blackbaud Software (BLKB), Computer Associates (CA), Hewlett Packard (HPQ), Sungard Data Systems (SDS), and Tibco Software (TIBX). Earlier in my career, I worked at PricewaterhouseCoopers focused on the Software sector as well as at eBay in Business Development. I hold an M.B.A. from the Wharton School of Business at the University of Pennsylvania and a B.A. in International Economics from the University of California Los Angeles.

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