HP on Why Giant Corporations Shouldn’t Do VC

Here in Park City, Utah, at the fall Venture Capital in Rockies conference, HP chief strategy and technology officer Shane Robison told venture investors that he’s glad the company is no longer doing much internal VC. But the $110 billion hardware, software and services giant still has dry powder for M&A, coming on the heels of a couple sizeable acquisitions of venture-backed companies. The Palo Alto, Calif., company is particularly interested in companies developing technologies that tie in with HP R&D initiatives. But when asked whether HP has plans to launch an Intel Capital-type effort to make strategic venture investments, Robison says he sees scant likelihood of that occurring.

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