Fergie's Tech Blog

In-Q-Tel: A Revolving Door

Matt Marshall writes on Silicon Beat:

In-Q-Tel, the venture arm of the Central Intelligence Agency with an office here in Silicon Valley, has now lost three managing general partners over the past year.

However, this does not surprise us. It is just like any other government-related investment agency. Like CalPERS here in California, there is a steady stream of departures among top investment managers. If managers are any good, they get sucked up by the private sector, which pays more. It is the way the system works.

Some people are saying the defections point to "some very real poblems" at In-Q-Tel, and shrug off suggestions they are merely compensation related. However, we're not so certain.

posted by Fergie @ 7/14/2006 11:22:00 AM