Article: CIA Venture Capital Fund Makes Progress, Needs Work on Potential, Report Says.

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 ...

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