10.3.03

"Blogger + Google = Go Globe Logger"?

1. Google (http://www.google.ch/corporate/execs.html)

"Google is a privately held company with primary financial backing from Kleiner Perkins Caufield & Byers and Sequoia Capital, which together led an equity round of $25 million in June 1999."


2. Sequoia (http://www.siliconvalley.com/mld/siliconvalley/business/financial_markets/venture_capital/4959749.htm)

"Sequoia Capital is known as one of Silicon Valley's most secretive but successful venture capital firms.

The firm's gruff leader, Don Valentine, seeded the founders of Cisco Systems back in 1987 when no one else would touch them. He backed Steve Jobs, of Apple. His firm also backed Yahoo.

Every so often, though, venture firms run out of money. (They invest it all, and return the profits to themselves or their outside investors.)

So Sequoia's tank is empty, and it will be the first major venture firm to start knocking on doors of big institutional investors this year. It couldn't come at a tougher time: ``This is like Lewis and Clark going out on their expedition,'' said Mark Heesen, president of the National Venture Capital Association. ``If the Indians shoot them, everyone will know it's too dangerous to go out.''"

3. KPBC

Homepage

"Information Security News: CIA Looks to Venture Capital (http://lists.insecure.org/isn/2000/Oct/0096.html)

The true mission of In-Q-Tel, which opened its doors last year and has offices in Washington, D.C. and Silicon Valley, is even more ambitious: To tap the best minds in the technology sector and spur the development of products the CIA desperately needs and doesn't have the time or expertise to develop itself.
"The CIA is not a technology company. It is an espionage company. It does not develop products," said Tucker, who completed a PhD in political science at Columbia University. If In-Q-Tel succeeds, other agencies of the U.S. government are likely to follow suit.
The Defense Department, for instance, appears particularly interested in the CIA's spin-off-a-nonprofit-corporation approach to applied research.
But In-Q-Tel is hampered by one seemingly insurmountable obstacle: its budget.
Congress appropriated $28 million from the CIA's 1999 budget to create the organization, then deposited an extra $34 million in the fledgling In-Q-Tel's bank account.
That's not a trivial amount—except in the high-priced world of venture capital. Venture capitalists spent approximately $19.6 billion on about 1,400 U.S. companies in the second quarter of 2000, $7 billion of that going to firms in the Bay Area alone. In-Q-Tel hopes to spur development of CIA "priority" technologies by becoming a minority investor in development deals and through close relationships with much larger firms, like Kleiner, Perkins, Caufield, and Byers."

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