BLOG STARTUPS, VENTURE AND THE TECH BUSINESS

Author Archive

June 17 2014
by John Backus

Health Care Pricing Transparency 2.0

Pokitdok was the first investment we at New Atlantic Ventures made out of our latest early stage venture capital fund. We invested in Pokitdok because we are big believers that the Affordable Care Act will change how healthcare is delivered – and many of those changes will result in a more efficient, classic marketplace for ...

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November 27 2013
by John Backus

Forget the Bubble. Consumer Tech is Under-Valued!

A lot has been written lately about a valuation bubble in VC-backed consumer technology companies. In the New York Times, the Wall Street Journal, and inc Magazine. I am on record saying that this is not anything like 1999. That today’s crop of highly-valued companies are very different than those which led to the tech ...

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July 29 2013
by John Backus

NSA Snooping is Hurting US Tech Businesses

I recently wrote an article for the Washington Post that warned of the dangers of CALEA – an existing statute that the FBI is trying to transmogrify to force software developers to build in backdoors for the FBI.  Well, the data is starting to come in.Foreign cloud service providers are now actively marketing against US ...

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July 29 2013
by John Backus

Don’t Let the FBI Wiretap Your SmartPhone Apps

As the White House mulls it over, quietly winding its way through the interagency review process in Washington is a nondescript proposal known as CALEA II. This dangerous proposed set of new rules, designed by the FBI, will thwart technology innovation and compromise our national security at a time when cyber risks are reaching an ...

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June 27 2013
by John Backus

ObamaCare’s Silver Lining

Most agree that big changes are coming to your health care as a result of the Affordable Care Act (ACA), otherwise known as “ObamaCare.” But the best, unintended consequence of the ACA is quietly brewing right now: over the next ten years, a robust, competitive, cash-based marketplace for all health care services – from the ...

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May 20 2013
by John Backus

Commentary: Creative destruction meets higher education

This piece first appeared in the Washington Post’s Business Section on May 20, 2013. I was invited to weigh in during the opening general session at the Education Technology Industry Summit in San Francisco this month, hosted by the Software & Information Industry Association. The topic: “What’s Next” in education. As a technology venture capital ...

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May 7 2013
by John Backus

Why I STILL use a Travel Agent

Call me a dinousaur. I use a travel agent to book all of my flights, my hotels, and my car rentals. Not a travel agency. A real person. I have her email, her mobile number, and her work number. And she takes her job seriously. Lets just call her Janice for now. As I write ...

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September 4 2012
by John Backus

Find the Bubble

The NVCA released a new report today showing that half of all companies funded by VCs in 2011, and the first half of 2012, are early stage. This compares to an average of 38% or so funded companies being early stage over the last ten years. This is good news for entrepreneurs and angel funded ...

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August 28 2012
by John Backus

The Angel Bubble (or why I would rather be a VC)

Much has been written over the last few years about the poor performance of the venture capital asset class since 2000. And on average, the performance has been terrible. Median returns according to Cambridge Associates for the 2000 vintage year were -3% “improving” to -1% for the 2001 vintage year. Top quartile returns kicked in ...

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May 30 2012
by John Backus

A New Golden Age of Venture Capital

co-authored by John Backus & Todd Hixon The Venture Capital (“VC”) Model is dead (at least for LPs), proclaimed the Kauffman Foundation recently. Too much available money for the VC model to succeed added Union Square’s Fred Wilson. A blog out there details 25+ stories on why the VC model is broken. Sevin Rosen, a ...

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