I hope someone knowledgable will help me here.

Do I get this right: US taxpayers are giving their hard earned dollars so that a government agency CIA can take it and, throu their venture capital firm (!), invest it into something that might, but also might not, work?

Is this actually fiscally responsible? Is it in the job description of an intelligence agency to be a VC fund, not with private money, but with the money of the shrinking US middle class?