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February 1 2011
by John Backus

Startup America: Where’s the Beef?

At age 84, Wendy’s pitchwoman Clara Peller introduced Americans to the phrase, “Where’s the beef?” As I read the much-hyped announcement from the Obama Administration about Startup America, I felt as if I was channeling Clara Peller. Where’s the beef, I ask? I love entrepreneurs. At New Atlantic Ventures we see entrepreneurs every day who […]

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January 24 2011
by John Backus

What’s your Rx for Health Care?

While we watch legislators attempt to repeal health care reform, I though it was about time I express my personal frustrations with the system, make some suggestions, and start a productive discussion about big opportunities for entrepreneurs. On Tuesday January 25, 2011 President Obama will give his State of the Union address and will no […]

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January 21 2011
by John Backus

There’s a Slide For That!

The purpose of this blog post is to help entrepreneurs avoid looking “canned” when they pitch VCs.  Every entrepreneur is passionate about their business, and a pitch to a VC is an important moment in the life of most startups.  I hope that this post helps entrepreneurs see their pitches through our eyes – and […]

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January 6 2011
by John Backus

Why NAV invested in HealthWarehouse – prescription drugs online

Sometimes an investment opportunity comes along which seems so compelling, so obvious, so right, even if it bends or breaks a few traditional venture capital rules.  HealthWarehouse is one of those companies.  HealthWarehouse is a public company.  Call it an accidental public company – one that merged into a public shell in 2009.  HEWA is […]

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October 15 2010
by John Backus

2 Ways to Build a $1 Billion Business from Scratch

(Read on:  $40 Wine and Clothing discount codes inside!) At New Atlantic Ventures, we see over 1000 quality new business ideas each year (I don’t say business plans because I can’t remember the last time someone sent me a classic “plan.)  We meet with a few hundred and we fund half a dozen.  Really, not […]

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September 17 2010
by John Backus

Students Rule: Students are the Future of Education!

Students Rule!  I first heard these words a few months ago at a board meeting for a rapidly growing company in the education space whose board I sit on – Koofers.  Boy, do I wish they existed when I was a student. Students Rule.  What a simple idea.  But how very different from the command […]

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September 17 2010
by John Backus

Entrepreneurs: How to Pay 0% in Capital Gains Taxes when you Sell your Business

How?  Simple.  Start your company in Virginia.  Or, move your company to Virginia.  We are pretty centrally located on the east coast. New Governor Bob McDonnell passed a poorly publicized law earlier this year.  In an effort to spur new company creation in Virginia, he created a 3-year capital gains tax holiday window in Virginia.  […]

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September 1 2010
by John Backus

Preserving the Start-Up Ecosystem: Loyalty vs. Brand

“Many a man owes his success to his first wife and his second wife to his success.” – -Jim Backus (of Gilligan’s Island and Mr. Magoo fame – and not related at all   to this blog post author despite the similarity in name!) The provocative purpose of this post is to ask VCs and Entrepreneurs […]

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July 13 2010
by John Backus

The SEC prohibits VCs from giving to Political Candidates!?!

Do a few bad apples spoil the entire bushel? There have been a few well-publicized investigations and prosecutions of illegal bribes and kickbacks between money managers and state and local pension funds.  New York Common Retirement Fund is the poster child here.  Bribery is illegal, and those who participate in it should spend time with […]

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June 16 2010
by John Backus

Venture Capital Carried Interest Tax Debate – A VC’s Perspective

HB 4213.  Much has been made of late of the Venture Capital Carried Interest Tax Hike Bill.  It carries the gallows-humor title of the “American Jobs and Closing Tax Loopholes Act of 2010.” Charlie Rangel, the Congressman from Harlem (seen here relaxing on one of his properties which triggered his current ethics investigation) is the […]

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