Tech investors help start new DC think tank

A group of venture capitalists and other big names in the technology world are putting their weight behind the Economic Innovation Group, a new economic policy shop. Investors like Sean Parker, who cofounded Napster, and Ron Conway, who founded SV Angel, helped form the group, which looks to focus on the benefits of start ups and private investment in public policy. “America’s economic greatness is rooted in entrepreneurship and innovation. But recently, the pace of globalization and technology has far exceeded the capacity of government and other traditional institutions to keep up,” according to the group’s mission statement. The new Economic Innovation Group calls itself a think tank and advocacy organization. It says its focus is on “practical, bipartisan” solutions. It released an analysis on the state of the economic recovery and will hold its first event with The Atlantic on April 15.