CENTRAL INTELLIGENCE AGENCY

In-Q-Tel

See Website at http://www.iqt.org/.

https://www.cia.gov/library/publications/additional-publications/in-q-tel/index.html#copy

Materials presented in chronological order.

Ignatius, David. "The CIA as Venture Capitalist." Washington Post, 29 Sep. 1999, A29. Washington Post National Weekly Edition, 4 Oct. 1999, 26.

"The CIA has decided to create its own venture capital firm, called 'In-Q-It' [later changed to In-Q-Tel], to help the agency connect better with the Internet revolution. The fear at Langley is that ... the CIA isn't getting technology's best and brightest anymore. So the spymasters have opted to create their own start-up.... The idea is for In-Q-It to fund promising technologies that can help the CIA keep pace with the information explosion."

Markoff, John. "C.I.A. to Nurture Companies Dealing in High Technology." New York Times, 29 Sep. 1999. [http://www.nytimes.com]

The CIA's new venture capital company "will be headed by Gilman Louie, an executive in the Hasbro toy company's online business group.... In-Q-It is being financed with $28 million appropriated last year by Congress as part of the C.I.A.'s budget."

Glave, James. "Valley VCs to CIA: 'Huh?'" Wired News, 29 Sep. 1999. [http://www. wired.com]

It is the opinion of some venture capitalists and policy watchers that "[t]he CIA's new venture capital project isn't going to come up with anything that the free market won't do on its own." Gregory Barr of Fleet Equity Partners "said that the agency should stick to the current scheme of contracting out for products. 'It seems like they would only add layers to [the procurement bureaucracy],'" he said.

MacIntyre, Ben. "CIA Gets 'Q' Firm to Build Its Espionage Gadgets." Times (London), 30 Sep. 1999. [http://www.the-times.co.uk]

Loeb, Vernon. "Wall St. Wiz Is More Than CIA's Cyber-Eye." Washington Post, 7 Oct. 1999, A33. [http://www.washingtonpost.com]

A year and a half ago, DCI George J. Tenet "brought in Wall Street heavyweight A.B. 'Buzzy' Krongard to serve as his 'counselor'.... The man who helped underwrite Microsoft and AOL as head of Alex Brown & Co." is now "helping Tenet & Co. start up a CIA venture capital firm ... that's supposed to keep the agency abreast of computer technology."

Strobel, Warren P. "The Chip from U.N.C.L.E.: The CIA Eyes Silicon Valley Brainpower." U.S. News and World Report, 11 Oct. 1999, 55.

Brief report on forming of In-Q-Tel.

Loeb, Vernon. "Web Security, Privacy Are Goals of CIA Effort: Agency Funding Software Development." Washington Post, 16 Feb. 2000. [http://www.washingtonpost.com]

Gilman Louie, president and CEO of the CIA's venture capital fund, said in an interview on 15 February 2000 that In-Q-Tel "has entered into a $3 million contract with Science Applications International Corp. (SAIC) for development of software designed to protect Web sites against 'denial of service' attacks and to make computer addresses invisible to 'sniffer' programs."

Loeb, Vernon. "Silicon Valley Veteran Tries a Venture at CIA: Fund Aims to Keep Agency on Top of High Tech." Washington Post, 1 Mar. 2000. [http://www.washingtonpost.com]

Profile of Gilman G. Louie, President and chief executive, In-Q-Tel Inc.

[Louie, Gilman G.] "Gilman G. Louie Discusses In-Q-Tel, the CIA's New High-Tech Investment Company." National Security Law Report 22, no. 2 (Mar.-Apr. 2000): 1-2, 5-8.

Remarks on 1 December 1999 at Standing Committee breakfast in Washington, DC.

Breslau, Karen. "Snooping Around the Valley: The CIA Sets up a High-Tech Investment Fund." Newsweek, 10 Apr. 2000, 45-46.

Discusses the activities of In-Q-Tel and its head, Gilman Louie.

[Louie, Gilman G.] "Speech by Gilman Louie, President and CEO, In-Q-Tel, Inc., 8 May 2000." CIRA Newsletter 25, no. 2 (Summer 2000): 4-13.

Louie speaks about the role of his company in supporting the technological advancement of the CIA and U.S. intelligence.

Strobel, Warren P. "The Spy Who Funded Me (and My Start-Up): The CIA's Venture Capitalist in Silicon Valley." U.S. News & World Report, 17 Jul. 2000, 38-39.

"Marrying the CIA's demand for information and secrecy with Silicon Valley's gift for speed and ingenuity is no sure thing. But there's hope the two worlds can be bridged."

Yannuzzi, Rick E. "In-Q-Tel: A New Partnership Between the CIA and the Private Sector." Defense Intelligence Journal 9, no. 1 (Winter 2000): 25-37. [https://www.cia.gov/library/publications/additional-publications/in-q-tel/index.html#copy]

"The Agency's leadership recognized that the CIA did not, and could not, compete for IT innovation and talent with the same speed and agility that those in the commercial marketplace, whose businesses are driven by 'Internet time' and profit, could." Thus, In-Q-It (renamed in January 2000 as In-Q-Tel).

Loeb, Vernon. "CIA Adventures in Venture Capital: Hill Reviewing Agency's Multimillion-Dollar In-Q-Tel Offshoot for Value." Washington Post, 3 Jun. 2001, A5. [http://www.washingtonpost.com]

"Three years after the CIA began pouring millions of dollars into an unclassified venture capital fund called In-Q-Tel, Congress has convened a panel of technical experts to determine whether the initiative is worth the money in the face of emerging Internet technologies."

Loeb, Vernon. "Panel Supports CIA Venture Fund: Agency Still Slow to Embrace New Technology, Report Says." Washington Post, 8 Aug. 2001, A17. [http://www. washingtonpost.com]

According to a panel of representatives from a nonprofit group called Business Executives for National Security, "[t]he CIA's unclassified venture capital fund, In-Q-Tel, should continue as the agency's 'technology accelerator'.... But ... the panel said significant reforms must be made -- particularly within the CIA -- if innovation spawned by In-Q-Tel is ever to transform the way the agency collects, analyzes and disseminates information gathered externally and generated from within."

U.S. Naval Institute Proceedings. "In-Q-Tel: Bringing Next-Generation Technologies to the CIA." Sep. 2001, 35.

Report on remarks by In-Q-Tel CEO and President Gilman Louie, presumably at a panel, "How Do We Win the War to Protect the Information," at the Naval Institute/AFCEA Western Conference and Exposition in January 2001.

Lashinsky, Adam. “Spying on Sand Hill.” Fortune, 24 Jun. 2002, 42.

Interview with Gilman Louie, head of In-Q-Tel.

Henry, Shannon. "In-Q-Tel, Investing in Intrigue: CIA Unit Scours Country for Useful Technologies." Washington Post, 1 Jul. 2002, E1. [http://www.washingtonpost.com]

Since its creation in 1999, the CIA's venture capital unit "has made about a dozen investments in technologies that could potentially be used in information gathering and analysis of America's enemies." After September 11, "In-Q-Tel became a sort of anti-terrorism matchmaker, introducing those with problems to those with high-tech detective abilities."

Associated Press. "Gemplus Executive Leaves In-Q-Tel." Washington Post, 2 Sep. 2002, E5. [http://www.washingtonpost.com]

"Alex Mandl, the newly appointed chief executive of smart-card maker Gemplus International SA, said [on 30 August 2002] he has resigned from the board of the CIA's venture capital technology unit, In-Q-Tel."

O'Hara, Terence. "In-Q-Tel, CIA's Venture Arm, Invests in Secrets." Washington Post, 15 Aug. 2005, D1. [http://www.washingtonpost.com]

"In the five years since it began active operations as the 'venture capital arm' of the CIA, In-Q-Tel's reach and activities have become vast for so small an operation. It has invested in more than 75 companies and delivered more than 100 technologies to the CIA, most of which otherwise would never have been considered by the intelligence agency."

McCarthy, Ellen. "Tech Entrepreneur Joins CIA's Venture Capital Arm." Washington Post, 4 Jan. 2006, D4. [http://www.washingtonpost.com]

Amit Yoran, previously the Department of Homeland Security's cyber-security chief, has replaced Gilman Louie as chief executive at In-Q-Tel.

O'Hara, Terence. "Four Months Later, In-Q-Tel Again Needs New CEO." Washington Post, 24 Apr. 2006, D1. [http://www.washingtonpost.com]

"Amit Yoran resigned over the weekend as chief executive of In-Q-Tel ... after less than four months on the job.... He said [on 23 April 2006] that his reasons for leaving were entirely personal, including a desire to spend less time on the road and more with his family.... Yoran ... said the organization has an annual budget of more than $50 million ... and includes as 'investors' several other intelligence and homeland security agencies in addition to the CIA."

Hilzenrath, David S. "Cyber Security Specialist Named to Lead In-Q-Tel." Washington Post, 29 Aug. 2006, D1. [http://www.washingtonpost.com]

Christopher A.R. Darby has been hired to head In-Q-Tel. He replaces Amit Yoran, who resigned in April. Darby had been "general manager of an Intel Corp. division."

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