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Good Partner

Fund: In-Q-Tel, Inc.

Posted by SixthTimeStartUp on 2009-05-05

PUBLIC:

We closed an investment with In-Q-Tel late in 2008, after a long courtship process (10+ months). After the decision was finally made to invest in us, though, everything has gone very smoothly. The terms & IP addendum were reasonable, and we've since developed a "work plan" with them (i.e. consulting work for one of their "customers") and it is proceeding smoothly. We are now exploring a follow-on work plan for later this year with another one of In-Q-Tel's "customers". Even though our main target is a commercial product, In-Q-Tel is a great partner to have, especially in an economy like this!

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