Oct 19, 2017

Ex-Nest CEO Tony Fadell's next venture emerges

Tony Fadell gives a presentation about Nest's product updates in 2015. Photo: Eric Risberg / AP

Tony Fadell, a co-creator of Apple's iPod and the co-founder and ex-CEO of Nest, has revealed his next project: a VC firm named Future Shape he's been quietly working on this year. It's described as a seed staged "investment and advisory firm" focused on backing startups in areas like agriculture, transportation, robotics, and consumer products. So far it's invested in Rohinni, Phononic, and Modern Meadow.

Investing: Future Shape doesn't have outside investors ("limited partners") and doesn't take board seats in companies it backs, per its website. It plans to invest in the U.S., Europe, and a bit in Asia an the Middle East. The size of the fund is unclear.

Team: Fadell's team is made up of people he has previously worked with—David Sloo (General Magic, Nest), Anton Oenning (Nest), and Vicky Lu (Nest).

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U.S. coronavirus updates: Death toll hits 3,900

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

The U.S. death toll from the novel coronavirus has just hit 3,900, per Johns Hopkins data.

Details: Tuesday night's grim milestone came hours after President Trump said it's "going to be a very painful two weeks," with projections indicating the novel coronavirus could kill 100,000–240,000 Americans — even with strict social distancing guidelines in place. "They are going to be facing a war zone," he said of medical workers.

Go deeperArrowUpdated 9 mins ago - Health

World coronavirus updates: UN warns of recession with "no parallel" to recent past

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

The novel coronavirus pandemic is the "greatest test" the world has faced together since the formation of the United Nations just after the Second World War ended in 1945, UN chief António Guterres said Tuesday.

The big picture: COVID-19 cases surged past 858,000 and the death toll exceeded 42,000 Tuesday night, per Johns Hopkins data. Italy reported more than 12,000 deaths.

Go deeperArrowUpdated 14 mins ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 857,957 — Total deaths: 42,139 — Total recoveries: 178,091.
  2. U.S.: Leads the world in confirmed cases. Total confirmed cases as of 10 p.m. ET: 188,547 — Total deaths: 3,899 — Total recoveries: 7,068.
  3. Business updates: Should you pay your rent or mortgage during the coronavirus pandemic? Find out if you are protected under the CARES Act.
  4. Public health updates: More than 400 long-term care facilities across the U.S. report patients with coronavirus — Older adults and people with underlying health conditions are more at risk, new data shows.
  5. Federal government latest: President Trump said the next two weeks would be "very painful," with projections indicating the virus could kill 100,000–240,000 Americans.
  6. Coronavirus in custody: Inmates in all U.S. federal prisons are set to enter a 14-day quarantine on April 1. A federal judge on Tuesday ordered U.S. Immigration and Customs Enforcement to release 10 detained immigrants who are at risk of contracting COVID-19 while in confinement.
  7. U.S.S. Theodore Roosevelt: Captain of nuclear aircraft carrier docked in Guam pleaded with the U.S. Navy for more resources after more than 100 members of his crew tested positive.
  8. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

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