How the CIA Got into the Venture Capital Game

In Episode 86 of his podcast "In the Room with Peter Bergen," New America Vice President and ASU Professor of Practice Peter Bergen explores the CIA's involvement in venture capital.

With the rise of technology in the late 1990s, a new national security threat quickly emerged. And the U.S. government had to find a way to protect itself — and its secrets — from foreign adversaries and cybercriminals. It needed the cutting-edge technologies coming out of Silicon Valley, from startups that had never done business with the government — and probably didn’t see much reason to. Enter In-Q-Tel, a non-profit venture capital firm designed to fund innovations that would meet U.S. intelligence needs. Twenty-five years later, the firm now sits on approximately $1 billion in assets. What is this strange, secretive VC firm? How does it work? And what value does it deliver to ordinary Americans? Sue Gordon, a career intelligence official and one of its founders, tells us all about it.

Listen to the episode on Audible