John’s Perspective

Venture Capital’s Rosetta Stone

Venture Capital. What was once the exclusive sport of kings, is going mainstream. Even though venture-backed technology IPOs are taking a break and mutual funds are fiddling with the value of their stakes in private companies, the world of private investing remains on...

Pro Rata Rights: The Force Awakens

“Creative Destruction,” a term coined by economist Joseph Schumpeter almost 75 years ago, is the fundamental foundation of venture capital, driving financial returns to LPs, wealth creation to entrepreneurs who re-invent industries, and job creation in the global...

5 Observations on The Gender Equation in Tech

By Thanasis Delistathis and John Backus, New Atlantic Ventures Ask most in the venture capital ecosystem for their take on the issue of gender diversity and you’ll get a mixed reaction. Some men avoid the topic for fear of stepping on a land mine. Some women tell us...

The Toxic Term Sheet: Founders Beware!

Its official. The unicorn has jumped the shark. The Wall Street Journal and Dow Jones Venturesource established The Billion Dollar Startup Club this year. The special feature on unicorns comes with an interactive infographic you can play with here, which tracks...

A Crime, a Criminal and a Cover-Up

I live in the Washington DC metropolitan region, within miles of the Central Intelligence Agency and I’m shocked that people, including our elected officials, seem to be downplaying the criminal break-in at the Office of Personnel Management (OPM). This break-in...

Unicorns Vs. Dragons

Update: After publication, several VC firms shared specific information about their percentage ownership at exit, which was higher than we assumed. As a result we added  dragon exits for Greylock, Sequoia and Kleiner Perkins. Everywhere I look I see a unicorn. Cowboy...


Value Added: Is her million-dollar pitch the next Facebook?

Janet Van Pelt, dressed in black slacks and a brown sweater, holding a Diet Pepsi in one hand and cradling her Hewlett-Packard laptop in the other, slides into a seat at the head of a conference room table in a Reston office building. The 49-year-old entrepreneur wants $1 million.

The Big One: Why DC Is Falling Short on Seed Funding

On Friday, PricewaterhouseCoopers (PwC) in partnership with the National Venture Capital Association (NVCA) released its quarterly MoneyTree report showing that venture capitalists invested a massive $17.5 billion via 1,189 deals, nationally, during the second quarter of 2015. In Washington, D.C., the storyline is slightly different.

Why Political Campaigns Are Raising Money Faster Than Tech Startups

It’s the early presidential campaign season, and candidates are loudly courting voters in high-profile appearances nationwide. But in quiet, closed-press fundraisers, they’re also asking well-heeled elites for the cash to keep campaigning. That cash grab is so fast-paced, it would make even hot Silicon Valley startups jealous.


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