Complex sentence: This effort helped him launch one of the first online businesses in early 1990s and while his online company did not succeed, this early experimentation was vital in him joining Center for Innovative Technology (CIT) and later becoming its Managing Director.
Split into simpler sentences: This effort helped him launch one of the first online businesses in the early 1990s. While his online company did not succeed, this early experimentation was vital for him joining the Center for Innovative Technology (CIT) and later becoming its Managing Director.