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Article: CIA Venture Capital Fund Makes Progress, Needs Work on Potential, Report Says.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 8, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Matt Marshall, San Jose Mercury News, Calif. Knight Ridder/Tribune Business News
Aug. 8--What business, you may ask, does the Central Intelligence Agency have getting into the venture capital industry?
Congress asked the same question, and on Tuesday got an answer: So far, it's been a fairly promising business. The venture fund started by the CIA two years ago in Silicon Valley has made solid progress but needs work to realize its full potential, according to a report by the non-partisan Business Executives for National Security (BENS).
The CIA can breathe a sigh of relief. BENS's conclusion is much more favorable than the view held by many ...