The company is privately held by employees with no venture capital investment.

Intel's losses last year on venture capital investments were $632 million.

The level of venture capital investment in the region has increased more than five times over since 2001.

What makes venture capital investments worth such efforts is the payoff.

People are afraid to make commitments of three, four, five years for venture capital investment.

This increase has come despite a sharp drop in the return from venture capital investments.

In 1998, venture capital investment in Valley companies was $3 billion.

Such assets might include banks' own real estate and venture capital investments.

By contrast, the average venture capital investment in a new company almost doubled this year.

And from 1983 to 1989 served as President where he supervised venture capital investments in high technology companies.