Ex-Google CEO Eric Schmidt’s new investment fund deepens his ties to national security interests

Ex-Google CEO Eric Schmidt is an example of how you can shape public policy without ever running for office.

A few months ago, the revelation of Schmidt’s deep involvement with the White House Office of Science and Technology Policy raised ethics concerns as some questioned if it was appropriate for a tech billionaire to fund a government office that advises the president on tech policy.

Now, Schmidt, who has long been a go-to liaison between the tech industry and the military, is expanding his influence over US national security by helping fund a new investment fund called America’s Frontier Fund (AFF), according to a report by the Tech Transparency Project (TTP), the research arm of the nonprofit ethics watchdog Campaign for Accountability.

America’s Frontier Fund isn’t your ordinary venture capital fund. In a leaked announcement draft obtained by TTP, AFF described itself as the first “public-private, deep-tech fund” in the US, meaning it would receive government funding alongside private money. After Recode followed up, the fund said the draft “was not approved and was never meant to be released. We do not describe ourselves that way. We only describe ourselves as a ‘non-profit deep tech fund.’”

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Author: HP McLovincraft

Seeker of rabbit holes. Pessimist. Libertine. Contrarian. Your huckleberry. Possibly true tales of sanity-blasting horror also known as abject reality. Prepare yourself. Veteran of a thousand psychic wars. I have seen the fnords. Deplatformed on Tumblr and Twitter.

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