New Atlantic Ventures’ John Backus On Google Glass, The Battle For The Living Room, And Impending Cyberwar
Some of the best conversations I have about the tech space are with investors — along with being rich and generally smart, they seem to have the best predictive insights into the industry. At a time when the Chinese seem to be making very real attacks to our cyber infrastructure, when legislation could make or break the evolution of the television industry, and when Google Glass stands to store more lifestyle data than any other computer in existence, I thought it only fitting to bring on a DC-based investor, John Backus, to chat out the latest news. John Backus is a managing partner at New Atlantic Ventures, and before that, he overlapped at Bain Capital with none other than one Mitt Romney. But John has had his eye on the needle of the tech industry for decades, and offered some interesting opinions of what we can expect to see in 2013 and beyond.
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Stephanie Cutter: Romney didn't defend himself on Bain attacks
Stephanie Cutter, the deputy manager for President Barack Obama's re-election campaign, gave her answer on Mitt Romney's loss in the elections.
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Bruised by Romney criticism, Bain Capital thanks investors
Bain Capital LLC, the private equity firm co-founded by defeated presidential candidate Mitt Romney, thanked its investors on Thursday for their support and patience over the last year as it confronted "political hyperbole and distortion."
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Protests seek to stop Mitt Romney from outsourcing jobs to China
Sensata Tech., owned by Mitt Romney's Bain Capital, continues moving toward outsourcing 170 jobs from a plant in Illinois to China. However employees, some now laid-off, others who will be when the move is finalized, continue protesting the move.
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Finders Weepers: Early Bain Disputes Cast New Light on Its Business
It was one of the "quickest big hits in Wall Street history," as the Wall Street Journal put it at the time. In 1996, an investment group including Bain Capital, the firm then run by Republican presidential candidate Mitt Romney, sold the consumer credit information business Experian to a British retailer, making a $500 million profit. Bain and the other investors who reaped that windfall had closed the acquisition a mere seven weeks earlier, stunning the investing world.
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