________________________________________________________________________________ CIA and New Technology The CIA is to create its own venture capital firm, called "In-Q-It," to help connect better with the Internet revolution. CIA in a world of start-ups and instant millionaires, isn't getting technology's best and brightest. So it to create their own start-up, an office on Sand Hill Road in Palo Alto. In-Q-It to fund promising technologies that can help it keep pace with the info explosion. It will have a staff of 20 to 25 people, and will operate much like a normal venture fund -- partnering with other companies and funds. In theory, will be unclassified. It will be a nonprofit, but the goal is to invest wisely to be self-financing. In-Q-It will work on, smarter CIA search engines, better ways to visualize data, and better security for CIA web surfers. CIA has chosen a board of directors -- including such as John Seely Brown of Xerox PARC, Jeong Kim of Lucent, Alex Mandl of Teligent and Norm Augustine of Lockheed Martin. The first CEO is Gilman Louie. In-Q-It evolved out of frustration that CIA was losing its technical edge. The idea for the venture-capital fund was hatched between DCI Tenet, and a former investment banker named A. B. "Buzzy" Krongard, who joined CIA in 2/98. The project was turned over to a group that included Sue Gordon, working in the Science and Technology Directorate. The name: "In" for intelligence; "It" for information technology, and "Q" was the code name for James Bond's technology wizard. What the intelligence community didn't understand, says Louie, is that technology is moving too fast now for anyone to try to control it. Op-ed by David Ignatius, Washington Post 9/29/99 A29. Ralph McGehee http://come.to/CIABASE # distributed via : no commercial use without permission # is a moderated mailing list for net criticism, # collaborative text filtering and cultural politics of the nets # more info: majordomo@bbs.thing.net and "info nettime-l" in the msg body # archive: http://www.nettime.org contact: nettime@bbs.thing.net ________________________________________________________________________________ no copyright 1999 rolux.org - no commercial use without permission. is a moderated mailing list for the advancement of minor criticism. more information: mail to: majordomo@rolux.org, subject line: , message body: info. further questions: mail to: rolux-owner@rolux.org. archive: http://www.rolux.org