Stories by Kia Kokalitcheva

UC Berkeley-focused VC firm raises new fund

Photo: David Madison/Getty Images

The House Fund has raised $44 million for its second fund to back early-stage startups founded by UC Berkeley students, alumni and faculty (though it's independent of the school).

The big picture: UC Berkeley students and alumni have founded a myriad of tech companies but, unlike rival Stanford, the university has long struggled to tie together a community and resources to support those entrepreneurs. After deploying its first $6 million fund, founder and general partner Jeremy Fiance says he plans to double down on artificial intelligence this time around.

New York City ride-hailing upstart Juno shuts down

Photo: Timothy A. Clary/AFP via Getty Images

Juno, an upstart ride-hailing company in New York City, is shutting down as part of a new partnership between parent company Gett and Lyft. Gett's corporate customers will now be able to book rides via Lyft in the U.S., and some Belarus-based employees are joining Lyft, the latter tells Axios.

Why it matters: When Juno burst onto the scene in 2016, ride-hailing drivers were attracted to its promise of a better job, including potentially providing company equity someday. But that promise unraveled when Juno sold to Gett the following year and admitted there was no legal way to do so.

Editor's note: The story has been updated with details about Gett employees joining Lyft.

For seniors, an intractable housing crisis

Illustration of seated concerned older woman.
Illustration: Eniola Odetunde/Axios

Housing affordability is becoming a central obstacle to Americans’ ability to retire, especially for those living on fixed and limited incomes.

The big picture: The high cost of housing is a growing problem for older Americans in supply-constrained and wealth-divided cities, and for developers of senior housing facing a growing preference for “aging in place.”