The Secret History of Minnesota Part 1: Engineering Research Associates
Steve Blank
DECEMBER 11, 2023
The two groups would merge in 1949 as the Armed Forces Security Agency and then become the National Security Agency (NSA) in 1952. Parker became President, and got 50% of the company’s equity for a $20,000 investment (equal to $315K today) and guaranteed a $200,000 line of credit (equal to $3M today).
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