Lo Toney, a partner at GV (formerly Google Ventures), is looking to raise up to $50 million for an upcoming fund-of-funds named Plexo Capital, according to an SEC filing.
Why it matters: As Axios previously reported, Plexo will be focused on seed funds led by women and/or minority general partners, a budding but still incredibly small portion of venture capital.
Go deeper: An interview with Toney about Plexo Capital.
Illustration: Sarah Grillo/Axios
President Trump. Photo: Jim Watsonn/AFP via Getty Images
President Trump tweeted on Friday that his administration is "going a different way" with coronavirus aid after negotiations with congressional Democrats stalled again, suggesting he will use an executive order to address stimulus spending.
What he's saying: "Pelosi and Schumer only interested in Bailout Money for poorly run Democrat cities and states. Nothing to do with China Virus! Want one trillion dollars. No interest. We are going a different way!" Trump tweeted.
Illustration: Aïda Amer/Axios
President Trump's rhetoric on China has tended to run hotter than his actions — until now.
Why it matters: Even at the height of Trump's trade war, his administration never hit China as hard, as fast, and on as many fronts as it is right now.