The explanation provided was that Intel Capital did not usually, if at all, invest in small public companies where such investment would effectively have a huge price impact. Private companies sure they invest in them. Wave tried to make it happen a little while back. If this was not the whole story, I would suggest the possibility that the terms such as a major investment was not something management wanted to do. But the first scenario makes sense until people can identify a few small public companies funded by Intel capital.
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