Sausalito, California-based Sienna Ventures on Monday announced that Amelio, also a past chief executive of National Semiconductor, Rockwell Semiconductor Products, and Fairchild Camera and Instrument, had joined as a senior partner who will mentor the firm's portfolio companies. Amelio was brought on board by Sienna to help with its Sienna III fund.
Angel investors are the most basic kind of venture capitalists.
Amelio said that was a big incentive in deciding to hang up his angel investor wings. Amelio said he expects that as a venture capitalist, he will pass on to start-ups guidance for how to weather down markets, which is essential for positioning as a strong IPO candidate.