We have taken funding from In-Q-Tel, yes. The idea that taking funding from IQT amounts to "CIA roots" is preposterous: aside from the fact that IQT writes very small checks (<$1M), an IQT investment does not necessarily even denote that the federal government is a customer. IQT develops a work program with its government affiliates (the identities of which are opaque to portfolio companies), and the sale of any product to any government entity happens outside of IQT; the presence of IQT is merely to help startups fund (and deliver) features that are of special interest to the government affiliates.
And as long as I'm elaborating on IQT, let me add that they have been a terrific partner for us -- and we have found the individuals we have worked with there to be of exceptionally high character.
alt Hacker News
We have taken funding from In-Q-Tel, yes. The idea that taking funding from IQT amounts to "CIA roots" is preposterous: aside from the fact that IQT writes very small checks (<$1M), an IQT investment does not necessarily even denote that the federal government is a customer. IQT develops a work program with its government affiliates (the identities of which are opaque to portfolio companies), and the sale of any product to any government entity happens outside of IQT; the presence of IQT is merely to help startups fund (and deliver) features that are of special interest to the government affiliates.
And as long as I'm elaborating on IQT, let me add that they have been a terrific partner for us -- and we have found the individuals we have worked with there to be of exceptionally high character.