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Illustration: Aïda Amer/Axios

Venture capital activity has persisted in the COVID-19 era, as investors and founders have accepted virtual meetings as viable alternatives to the in-person standard.

What comes next: If society returns to "normal" at some point next year, will that also apply to pitch meetings, board meetings, etc?

Why it matters: One positive byproduct of the pandemic has been that investors have been more willing to entertain deals outside their ZIP codes.

  • After all, there's little difference right now between meeting with a startup based on the other side of the country or the other side of the city.
  • For entrepreneurs in oft-overlooked geographies, it's created a new opportunity.

What they're saying: Venture capitalists I speak with are split on the intrinsic value of returning to "the office," in keeping with white-collar workers everywhere.

  • Most believe that they've been just as productive as in the past, or even more so, by working at home.
  • At the same time, they're missing the tactile piece of advising founders. "The nurturing process is really important, particularly at the early stages, and I do think that will come back because what we have now is a bit of an awareness deficit," says Kevin Turner, the former Microsoft COO who just invested in a new firm called Fuse Venture Partners (more on that below).
  • There's also a concern among some younger VCs that the pandemic has made it more difficult for them to network. Or, as a Sand Hill Road associate recently explained it to me: "The way I become partner is to bring the next unicorn into my firm, and I do that by going out every night and meeting with tons of people — which is something a lot of our partners don't do, because they're older and have families. But, now, we're all at the same bar called Zoom."

Go deeper: Venture capital open for business on record amounts of dry powder

Go deeper

Coronavirus cases are at an all-time high ahead of Election Day

Expand chart
Data: The COVID Tracking Project, state health departments; Map: Andrew Witherspoon, Sara Wise/Axios

In the final week before Election Day, new coronavirus infections have soared to an all-time high — virtually guaranteeing that the pandemic will be the most prominent issue in America as voters prepare to choose the next president.

The big picture: Cases are surging and local hospitals are straining at the very moment that voters are choosing between President Trump, who continues to insist that the pandemic is almost over, and Joe Biden, who has made the crisis a centerpiece of his campaign.

14 hours ago - Health

Space Force's No. 2 general tests positive for coronavirus

Gen. David Thompson (L) at a Senate hearing on Capitol Hill in May. Photo: Chip Somodevilla/Getty Images

Gen. David Thompson, the Space Force’s vice chief of space operations, is self-quarantining and working from home after testing positive for COVID-19, per a news release issued Wednesday evening.

The big picture: Officials are following guidelines that include contact tracing and quarantining, "if needed," said the statement, which didn't mention if any other military personnel had recent contact with Thompson. He took the test after a close family member tested positive for the virus. It comes three weeks after members of the Joint Chiefs of Staff went into quarantine following Adm. Charles Ray's positive coronavirus test results.

23 hours ago - Sports

Boston Marathon delayed as COVID-19 surges

Photo: Christopher Evans/MediaNews Group/Boston Herald via Getty Images

The Boston Marathon, which is typically held in April, "will be postponed until at least the fall of 2021," because of the coronavirus pandemic, the Boston Athletic Association announced Wednesday.

The state of play: The BAA said it delayed the 125th annual event, which was scheduled for April 19, 2021, because road races are banned until Boston hits Phase 4 of its reopening plan. The city is currently in Phase 3 of 4.