A Venture Capital Firm Was Set Up On The Prestigious Sand Hill Road In Palo Alto, California. It Was Named IN - Q - IT . By Whom Was It Established?

In an effort to ensure that its spies would have access to the latest information technology in our ever changing internet age, the CIA established a venture capital company with the objective of nurturing high tech companies in 1999. With their unique product of humor, the CIA backed firm is called In-Q-It. The 'In' being for intelligence, while the 'It' stands for information technology and the 'Q' is a tribute to Ian Fleming's gadget master from the James Bond novels. The company is being financed with $28 million that was appropriated as part of the CIA's budget. The CIA decision to turn to Silicon Valley in its quest for technology assistance highlights the increasing diversity of high-tech companies and the fast paced development of computer technologies.

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