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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).

Go deeper

Salesforce rolls the dice on Slack

Illustration: Sarah Grillo/Axios

Salesforce's likely acquisition of workplace messaging service Slack — not yet a done deal but widely anticipated to be announced Tuesday afternoon — represents a big gamble for everyone involved.

For Slack, challenged by competition from Microsoft, the bet is that a deeper-pocketed owner like Salesforce, with wide experience selling into large companies, will help the bottom line.

FBI stats show border cities are among the safest

Data: FBI, Kansas Bureau of Investigation; Note: This table includes the eight largest communities on the U.S.-Mexico border and eight other U.S. cities similar in population size and demographics; Chart: Naema Ahmed/Axios

U.S. communities along the Mexico border are among the safest in America, with some border cities holding crime rates well below the national average, FBI statistics show.

Why it matters: The latest crime data collected by the FBI from 2019 contradicts the narrative by President Trump and others that the U.S.-Mexico border is a "lawless" region suffering from violence and mayhem.

Miriam Kramer, author of Space
2 hours ago - Science

The rise of military space powers

Illustration: Aïda Amer/Axios

Nations around the world are shoring up their defensive and offensive capabilities in space — for today's wars and tomorrow's.

Why it matters: Using space as a warfighting domain opens up new avenues for technologically advanced nations to dominate their enemies. But it can also make those countries more vulnerable to attack in novel ways.