By Robert Scheer
For years, the outsourcing of defense and intelligence work was, with good reason, controversial in political circles. But in the last years of Bill Clinton’s administration, the president authorized the CIA’s creation of the first US government–sponsored venture capital firm, In-Q-Tel
, designed to invest in cutting-edge Silicon Valley companies. The firm, named after Ian Fleming’s fictional character “Q,” who masterminds James Bond’s spy gadgets, was founded on September 29, 1999, when the intelligence agencies came to realize they couldn’t produce the technology required to make sense of the vast amount of data they had acquired.
Many companies listed on In-Q-Tel's investment website page are secret. In-Q-Tel functions