Jan 23, 2018

Former pro-Putin youth activist launches Silicon Valley VC firm

Masha Drokova. Photo: Day One

Masha Drokova, a 28-year-old Russian immigrant who was previously a pro-Putin youth activist, is opening the doors of her venture capital firm, named Day One Ventures. It has already invested in 14 startups, including DigitalGenius, Lvl5, and Piper.

The pitch: Along with funding, Day One aims to provide its portfolio companies with hands-on help with public relations and marketing. This approach is no surprise: Drokova worked as a PR consultant for tech startups after she left political activism in Russia and moved to New York City. She now lives in San Francisco and has been an angel investor for some time.

Go deeper: Read the WSJ's recent profile of Drokova's pivot to tech investing.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 12 p.m. ET: 741,030 — Total deaths: 35,305 — Total recoveries: 156,838.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 12 p.m. ET: 143,532 — Total deaths: 2,572 — Total recoveries: 4,865.
  3. Federal government latest: The White House will extend its social distancing guidelines until April 30 — Hospital ship the USNS Comfort arrives in Manhattan
  4. Public health updates: — White House COVID-19 response coordinator Dr. Deborah Birx said the 100,000 to 200,000 U.S. coronavirus death toll estimate is based on the presumption that citizens follow social-distancing guidelines "almost perfectly."
  5. Business latest: Macy's will furlough the majority of it's workers this week, as the chain's stores remain closed.
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Macy's to furlough 130,000 employees

Macy's flagship store in New York on March 24, 2020. Photo: John Lamparski/NurPhoto via Getty Images

Macy's will furlough the majority of it's workers this week, as the chain's stores remain closed due to the coronavirus outbreak, the Wall Street Journal reports.

Details: Macy's sales have seen a drastic decline, having shuttered its stores on March 18. The company employs about 130,000 people, per the Journal. It will retain workers for its e-commerce operations, distribution and call centers. The chain told staff it will continue to cover 100% of its employees health care premiums at least through May.