9 June 08
Businessweek recently ran an interview with Fuseproject’s Mitch Pergola. If you’re not familiar with it, Fuseproject is the award-winning industrial design shop founded by Yves Béhar in 1999.
Pergola, who handles the firm’s business strategy and development, discusses how he and Behar have applied design principles to the business itself, essentially redesigning the way an industrial design shop should function as an organization. When asked about his greatest accomplishment so far, Pergola answers:
“The biggest is building our somewhat unique business model. The main focus of Fuseproject is to do important game-changing design work, and everything else is there to support that effort. We like to reinvent things, including the way we do business.” Read the rest of this entry »
21 December 07
In-Q-Tel is the CIA’s very own venture-capital arm. IQT, as the group is known “identifies, adapts, and delivers innovative technology solutions to support the missions of the Central Intelligence Agency and the broader U.S. intelligence community.” What’s particularly interesting is that IQT has managed to become a profitable business.
From a recent New York Times article, we learn that “In 2005, In-Q-Tel sold for $12 million investments that had cost $1.96 million. Since In-Q-Tel was founded in 1999, the firm has reviewed more than 6,300 business plans for everything from identity-recognition software to nano-sized electronic circuits. Many proposals came in through its Web site. In-Q-Tel has invested about $200 million into more than 100 companies, beating traditional V.C. investors to technologies such as the mapping software that’s become Google Earth.”
We love that the U.S. government is using a venturing model to keep intelligence on the cutting-edge. This model has worked well in the private sector – just look at Nokia, Motorola, and Google – so why shouldn’t it work in the public sector? Learn more at IQT.