Venture Fund Member Profile
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New Atlantic Ventures (NAV) make seed and early-stage investments in businesses targeting high-growth emerging mass markets. They are active investors, generally write a company's first term sheet as the lead investor, and partner with entrepreneurs who have the energy, vision, experience and passion to build great companies and help them succeed through hands-on team building, partnerships, advice and support.
The firm began ten years ago as Draper Atlantic and DFJ New England, two affiliates of the Draper Fisher Jurvetson network that worked closely together since inception. From 1999 to 2006, Draper Atlantic and DFJ New England invested $180 million in 59 companies with investment returns in the top ten percent of all venture funds. The firms joined forces in 2006 to create New Atlantic Ventures, a venture capital firm with a past and present portfolio of companies that generated over $600 million of revenue in 2008 and employed thousands of people worldwide with our funds achieving top decile financial performance as a result.
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John Backus
Investment Principal
New Atlantic Ventures (NAV) |
John is a seasoned technology investor and entrepreneur with 25+ years of experience investing in and managing rapidly growing, high-technology companies. Prior to founding New Atlantic Ventures in 1998, John was a founding investor and the President and Chief Executive Officer of InteliData Technologies, a Fast 50 growth company in both 1997 & 1998. John led InteliData’s predecessor, US Order, through a successful $65 million IPO in 1995. John currently manages a $225 million venture portfolio at New Atlantic Ventures. He currently serves on the board of directors of AppTap, Ftrans, Invincea, Koofers, My Wines Direct, Qliance, & RemitPro. He is the past Chairman of the Wolf Trap Foundation Board of Directors, the past Chairman of the Northern Virginia Technology Council (NVTC) Board of Directors, the founding Chairman and current Board member of the NVTC TechPAC, and was appointed by former Virginia Governor Mark Warner to co-chair the Virginia Research and Technology Advisory Commission which he served on for 4 years. John began his career at Bain & Co. and Bain Capital, where he was the first Bain & Co. management consultant to take a full time operating role (as CFO) in a portfolio company.
Representative Investments
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Luminus has proprietary technology that enables it to produce light emitting diodes (LEDs) that are 2X brighter than a car headlamp and 5-10x brighter than competing products. Opportunities for super-bright LEDs exist in multiple large markets: projection displays, automotive, general and architectural lighting, and signage. Luminus dominates several LED lighting applications and is growing rapidly in the LED-based white light market. |
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MyWinesDirect is an online seller of high quality, low cost wines, dedicated to helping our 22 million value-conscious wine consumers discover new wines that are affordable, enjoyable and available. We are not a wine store with thousands of selections. Instead, each of our approximately 200 wines must be selected and approved by two wine experts – Harry Parsley and David Andrew – in addition to two independent panels of our customers. We only sell wines by the case and half case, shipping is always free, and every bottle comes with a 100% satisfaction guarantee. |
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SnappCloud Ground-breaking, consumer-ready cloud applications are live across the web, but app providers and end users aren’t finding each other. SnappCloud connects providers with distributors who offer access to millions of customers. Resulting in convenience to consumers and substantial subscription revenue to providers and distributors. |
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Truveris helps companies that pay Prescription Benefit Costs recoup over-billings, which are often 5% or more of the total bill. Truveris encodes the contract with the Prescription Benefit Manager, feeds billing line items into its software, and any items that deviate from the contracted charge are flagged prior to payment. Today, spot audits are the state of the art, are backward looking, and hence no means of recouping losses from errors exists. |
John participated in the FundingPost event: DC Angel Investor and Venture Capital Event
on Thursday, July 21, 2011 in DC, Sponsored by Bingham McCutchen
To list your Company on our website and make your profile available to John and 7,500+ other VCs and Angel Investors, Click Here.
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