Ever heard of a company called IQT? Me neither. At least not until I did some research on NGE (hey, @Jason Garcia maybe you might want to do likewise instead of appearing on fanboi podcasts!) after receiving the information I posted a few days ago here.
What does Disney have to do with this company? And what exactly is this company (and is mentioning it in a post going to get me waterboarded?)
The company describes itself as a 'nonprofit venture capital firm' specializing in private sector innovation. Ah, pardon my Wall Street 21st century bastardized capitalist ignorance, but exactly what is that?
A nonprofit venture capital firm is an oxymoron...no?
Here's the content from the page describing IQT's genesis:
<<Throughout its lifetime, the CIA has operated at the cutting edge of science and technology. From the U-2 spy plane to the CORONA satellite, CIA's "wizards of Langley" earned a reputation for bold innovation and risk taking, working in advance of the private sector and other branches of government. Much of CIA's technology success was a result of identifying gaps and opportunities.
By the late 1990s, the pace of commercial innovation had overtaken the ability of government agencies to develop and incorporate new technologies. Private industry represented technical insights and innovation far too important to ignore. Driven by private sector R&D investment, these commercial technologies addressed many of the same information technology, biotechnology, communications, and energy challenges that faced the Intelligence Community.
In 1998, CIA identified technology as a top strategic priority, and set out a radical plan to create a new venture that would help increase the Agency's access to private sector innovation. In-Q-Tel was chartered in February 1999 by a group of private citizens at the request of the Director of Central Intelligence and with the support of the U.S. Congress. IQT was tasked with building a bridge between the Agency and a new set of technology innovators.>>
If that has you curious, look at the BoD:
Michael M. Crow
Chairman of the Board of In-Q-Tel; President of Arizona State University
James Barksdale
President and CEO of Barksdale Management Corporation
Peter Barris
Managing General Partner, New Enterprise Associates (NEA)
Howard
Partner, Greylock Venture Capital
Christopher Darby
President and CEO of In-Q-Tel
Anita K. Jones
Professor Emeritus of Computer Science at the University of Virginia
A.B. "Buzzy" Krongard
Former Executive Director of the Central Intelligence Agency
Jami Miscik
Vice Chairman and President of Kissinger Associates
Michael Mullen
Former Chairman, Joint Chiefs of Staff
Elisabeth Paté-Cornell
Chair of the Department of Management Science and Engineering at Stanford University
Ted Schlein
Managing Partner at Kleiner Perkins Caufield Byers
Charles M. Vest
President Emeritus of Massachusetts Institute of Technology
What the (blank) do these folks have to do with you getting a FP for Space Mountain, your daughter getting greeted by Princess Aurora and you snagging that dinner at Le Cellier (complete with food you ordered five months, or three prices increases ago, in advance)?
What does Disney have to do with this company? And what exactly is this company (and is mentioning it in a post going to get me waterboarded?)
The company describes itself as a 'nonprofit venture capital firm' specializing in private sector innovation. Ah, pardon my Wall Street 21st century bastardized capitalist ignorance, but exactly what is that?
A nonprofit venture capital firm is an oxymoron...no?
Here's the content from the page describing IQT's genesis:
<<Throughout its lifetime, the CIA has operated at the cutting edge of science and technology. From the U-2 spy plane to the CORONA satellite, CIA's "wizards of Langley" earned a reputation for bold innovation and risk taking, working in advance of the private sector and other branches of government. Much of CIA's technology success was a result of identifying gaps and opportunities.
By the late 1990s, the pace of commercial innovation had overtaken the ability of government agencies to develop and incorporate new technologies. Private industry represented technical insights and innovation far too important to ignore. Driven by private sector R&D investment, these commercial technologies addressed many of the same information technology, biotechnology, communications, and energy challenges that faced the Intelligence Community.
In 1998, CIA identified technology as a top strategic priority, and set out a radical plan to create a new venture that would help increase the Agency's access to private sector innovation. In-Q-Tel was chartered in February 1999 by a group of private citizens at the request of the Director of Central Intelligence and with the support of the U.S. Congress. IQT was tasked with building a bridge between the Agency and a new set of technology innovators.>>
If that has you curious, look at the BoD:
Michael M. Crow
Chairman of the Board of In-Q-Tel; President of Arizona State University
James Barksdale
President and CEO of Barksdale Management Corporation
Peter Barris
Managing General Partner, New Enterprise Associates (NEA)
Howard
Partner, Greylock Venture Capital
Christopher Darby
President and CEO of In-Q-Tel
Anita K. Jones
Professor Emeritus of Computer Science at the University of Virginia
A.B. "Buzzy" Krongard
Former Executive Director of the Central Intelligence Agency
Jami Miscik
Vice Chairman and President of Kissinger Associates
Michael Mullen
Former Chairman, Joint Chiefs of Staff
Elisabeth Paté-Cornell
Chair of the Department of Management Science and Engineering at Stanford University
Ted Schlein
Managing Partner at Kleiner Perkins Caufield Byers
Charles M. Vest
President Emeritus of Massachusetts Institute of Technology
What the (blank) do these folks have to do with you getting a FP for Space Mountain, your daughter getting greeted by Princess Aurora and you snagging that dinner at Le Cellier (complete with food you ordered five months, or three prices increases ago, in advance)?
