Stories by Dan Primack

Deval Patrick's ties to Bain Capital could complicate his 2020 run

Illustration of Deval 2020 campaign button with dollar sign and stars.
Illustration: Eniola Odetunde/Axios

Deval Patrick made it official this morning, announcing that he'll run for the Democratic Party's presidential nomination — and he also formally resigned from Bain Capital, sources say.

The state of play: He joined the firm in 2015 to launch and lead a platform focused on "social impact investing." That group, called Bain Double Impact, is in the midst of raising its second fund. Prospective investors tell Axios' Dan Primack that Patrick had assured them he wouldn't run for president in 2020, although left the door open for the 2024 race.

Docker sells enterprise business to VC-backed Mirantis

Docker, a San Francisco-based software container platform, sold its enterprise business to VC-backed Mirantis, and also raised $35 million in new funding from return backers Benchmark and Insight Partners.

Why it matters: Docker was a high-flying unicorn not too long ago, even viewed as a promising IPO candidate, but has since had its wings clipped and stall moved over with the middling mares.

WeWork reports $1.25 billion net loss for Q3

Cracked coffee mug with WeWork logo.
Illustration: Sarah Grillo/Axios

WeWork reported a $1.25 billion net loss for the third quarter during a call on Wednesday with the embattled company's bondholders, more than doubling its year-earlier number.

Why it matters: These results represent WeWork's final quarter under the leadership of Adam Neumann, who was ousted after a failed IPO.