Why a Triangle tech CEO just said ‘No’ to CIA investment
Editor’s note: If your company was approached by the CIA (through its investment arm called In-Q-Tel) as an investor, would you take the money? Phillip Rhodes, founder and CEO of Fogbeam Labs, didn’t even respond to a letter of inquiry. The Chapel Hill firm focuses on parsing data from multiple sources to help clients make better informed business decisions. It’s a startup. And startups need funding. But Rhodes refused to even talk to In-Q-Tel. He explains why in this column provided to WRALTechWire. In-Q-Tel has made investments in the Triangle. It is an investor in Durham-based Semprius and also...
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