Intel Capital, the venture arm of the Intel Corporation announced that it had recruited Sumeet Jain, formerly a partner with CMEA Capital, as its newest investment director. In his capacity, he will be focused on the consumer Internet, mobile Web, and “virally distributed software investments”, similar to what he did at CMEA where he invested in AWR, Blekko, Intermolecular, Pixazza, and Schooner. Jain himself made the announcement in a blog post where he said that he’s hoping to become more involved with portfolio companies that will bring him “deeper into the intersection of finance and technology.” In joining Intel Capital, Jain brings with him not only experience as an investor, but also as an entrepreneur. When he first started his career, Jain says that he started an Internet analytics company called Personify, which merged with Angara in 2001. Soon after, he worked to in sales at iManage, which also sold to Interwoven in 2003 for $171 million, before winding up as an investment banker at Goldman Sachs. Eventually, he grew tired of that life and says he missed the “fast moving emerging technology ecosystem” and that brought him to CMEA Capital. When asked why Jain chose to join Intel Capital, he says: Intel Capital has an entire platform of important resources for startups; access to the Intel’s global business and brilliant technologists, the ability to leverage the technology ecosystem that in some way most technology co
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