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May 9 2010
by John Backus

Facebook: Every Website is now a Facebook App

Web 3.0 has arrived.  Facebook changed the entire character of the Internet on April 21, 2010.  Come on!  A little “like” button?  What could be more trivial? Let me explain.  Before 4/21/10 there was Facebook.  And there was the web.  They did not intersect.  Oh, sure, you could use your Facebook credentials to log on […]

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April 12 2010
by John Backus

Apple Ipad: Flat Screen + Multi-touch = Paradigm Shift

The Ipad will usher in a new wave of computing devices that will fundamentally change the way we interact with computers. Two reasons. Touch. And flat. Like 500,000 of you, I was one of the first to buy an Ipad. I didn’t quite know why. The announcement disappointed me. I thought it was a big […]

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April 1 2010
by John Backus

Virginia to Entrepreneurs: Start Your Business Here – And Pay No Capital Gains Tax!

Capital Gains taxes on high-tech entrepreneurial startups are going away in Virginia – at least for three years.  Founders, Angel Investors, Venture Capital Fund Investors, Corporate Investors to benefit. On Tuesday, March 30th, newly elected Republican Governor Bob McDonnell signed into law House Bill 523 (Senate Bill 428), which provides a 100% capital gains tax […]

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March 13 2010
by John Backus

Health Care Reform: Common Sense Solutions

Health Care Reform is topical.  But it need not cost an arm and a leg to do.  Because I sit on the Board of Directors of NAV portfolio company Qliance, an innovative “Direct Practice” primary care solution that operates completely outside of the insurance system, I am often asked to comment on things that we […]

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February 25 2010
by John Backus

VC Tips for Entrepreneurs: How to manage the VC on your Board

Venture Capitalists love giving advice to startup entrepreneurs.  We especially love doing it while in the boardroom, before, during, and after that 40-slide powerpoint presentation that you and your management team spent a week preparing.  With a VC on your board of directors, you never know if you are going to get The Good, The […]

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February 25 2010
by John Backus

VC Tips for Entrepreneurs: Thoughts About Raising Money

Most entrepreneurs raise money to help their businesses get off the ground.  Whether from angels or venture capitalists, I see most entrepreneurs making the same mistake.  They raise money when they “have to.”  There is a better way.  With some advance planning, you can raise money, easier, at certain moments in time.  Take advantage of […]

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November 11 2009
by John Backus

Venture Capital: 5 tips on how to navigate the VC gauntlet

Early-Stage venture capital firms see every imaginable type of business idea.  Since we are the first institutional fundraising “gate” that entrepreneurs have to pass through, the variety of business plans which we see fill the spectrum from awful to terrific. Over the years I have seen lots of bad ideas:  Bad ideas for big businesses.  […]

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October 23 2009
by John Backus

Executive Compensation

Today I turn the blog over to Walt Shill, a CEO of one of our portfolio companies many years ago, and now a very senior executive at Accenture.  I love the way Walt thinks and writes – and post this below with his permission.  The topic is executive compensation, but at the end he has […]

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August 19 2009
by John Backus

Are you looking for a job? How to get a VC to help you!

Are you looking for a job?  How to get a VC to help you! (tag: john Backus, vc, job, career(by John Backus) Not a day goes by that I don’t receive several emails from people looking for a job.  Although I would like to help, most of the emails are written is such a way […]

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July 16 2009
by John Backus

Where is the REFORM in all of the “Health Care Reform” bills being Debated in Congress?

I have a problem with the health care reform bills being bantied about these days on Capital Hill. Actually I have a few problems. My problem with all of the “health care reform” proposals is that they don’t reform anything! What do I mean by that? Let me count the ways: 1. There is no […]

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