Via NextView Ventures
NextView Ventures has closed its third seed fund with $50 million in capital commitments, Axios has learned. The Boston-based firm initially was a tech generalist, but is now refocusing thematically around what it calls "redesigning the everyday economy."
Per firm co-founder (and early LinkedIn employee) Lee Hower: "
"We want to fund companies that have first or second degree impacts on problems virtually everyone faces."
Illustration: Eniola Odetunde/Axios
America has waited a decade for an aggressive government crackdown on white-collar crime. Now, just before the election, and in the middle of a bull market, it has arrived.
Why it matters: When times are good, investors become more trusting and more greedy. That makes them more likely to put their money into fraudulent or criminal enterprises.
Illustration: Eniola Odetunde/Axios
The Justice Department's antitrust suit against Google is a strong, straightforward monopoly case, competition lawyers and experts tell Axios. But that doesn't mean it'll be an easy journey for the government.
The big picture: Winning any antitrust case is a heavy lift. It's even more of a challenge to pull off victory in a future-looking case that seeks to make room for potential new competition to flourish.
Every available piece of data proves it: The coronavirus pandemic is getting worse again, all across America.
The big picture: As the death toll ticks past 212,000, at a moment when containing the virus ought to be easier and more urgent than ever, we are instead giving it a bigger foothold to grow from.