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Bill Maris, the founder and former head of Google Ventures, is launching his own venture capital firm. Again.

Axios has learned that the new shop will be called Section 32, with plans to raise $100 million for its debut fund. It will focus on early-stage companies, and will invest at least half of its dollars into life sciences companies. Maris will initially serve as the firm's only general partner, although he has told prospective investors that he may bring on a second partner at some point.

Maris left Google Ventures last spring, with plans to launch a new firm that would look a lot like Google Ventures (minus the corporate partner). He had $230 million circled for his debut fund, but then pulled the plug ― in part because he didn't want to spend so much time in Silicon Valley (Maris lives in San Diego), and partially because he wasn't sure he wanted to build yet another large-scale VC firm. The smaller fund size suggests scaled-down ambitions, and perhaps the opportunity to do more investments in Southern California.

Maris declined to comment, citing regulatory restrictions.

Go deeper

Mike Allen, author of AM
2 hours ago - Politics & Policy

Biden's "overwhelming force" doctrine

President-elect Biden arrives to introduce his science team in Wilmington yesterday. Photo: Kevin Lamarque/Reuters

President-elect Biden has ordered up a shock-and-awe campaign for his first days in office to signal, as dramatically as possible, the radical shift coming to America and global affairs, his advisers tell us. 

The plan, Part 1 ... Biden, as detailed in a "First Ten Days" memo from incoming chief of staff Ron Klain, plans to unleash executive orders, federal powers and speeches to shift to a stark, national plan for "100 million shots" in three months.

Off the Rails

Episode 2: Barbarians at the Oval

Photo illustration: Sarah Grillo/Axios. Photo: Jim Watson/AFP/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. This Axios series takes you inside the collapse of a president.

Episode 2: Trump stops buying what his professional staff are telling him, and increasingly turns to radical voices telling him what he wants to hear. Read episode 1.

President Trump plunked down in an armchair in the White House residence, still dressed from his golf game — navy fleece, black pants, white MAGA cap. It was Saturday, Nov. 7. The networks had just called the election for Joe Biden.

Fringe right plots new attacks out of sight

Illustration: Aïda Amer/Axios

Domestic extremists are using obscure and private corners of the internet to plot new attacks ahead of Inauguration Day. Their plans are also hidden in plain sight, buried in podcasts and online video platforms.

Why it matters: Because law enforcement was caught flat-footed during last week's Capitol siege, researchers and intelligence agencies are paying more attention to online threats that could turn into real-world violence.