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Tech Bisnow Profiles New Atlantic Ventures: The View From John's Perch

10/15/2012
Distilled Intelligence 2.0 came to a close Friday but not before we caught up with New Atlantic Ventures managing partner John Backus. Entrepreneurship has increased tenfold in the last 18 to 24 months and it’s come from out of nowhere, he says. There are more investments from angels writing checks around $25k but still a lack of larger deals, which then attract VCs like John. His checks go toward companies that have some traction but need to grow quickly. So do words like “fiscal cliff” and “sequestration” keep John up at night? Nope. “Good entrepreneurs start businesses when they have good ideas,” he says. And businesses started during a tough economy tend to do better because they’re tight with money.

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