Howard Morgan

Howard Morgan today announced that he has agreed to become chairman of B Capital Group, a global growth equity firm led by Facebook co-founder Eduardo Saverin and former Bain Capital investor Raj Ganguly.

Why it matters: Morgan has a Midas touch when it comes to new investment firms, from Renaissance Capital to Idealab to First Round Capital. His part-time role at B Capital Group is more focused on firm operations than investment, but he's hoping to continue the streak.

Resume: It's not hyperbole to call Howard Morgan a tech industry legend, first as a computer science professor at the early dawn of the Internet age (he's credited with bringing World Wide Web predecessor ARPANET to Philadelphia, where he taught). Morgan would go on to become an original team member at early quantitative hedge fund Renaissance Technologies, before moving on to become an early investor with Idealab at the beginning of the dotcom boom and as co-founder of First Round Capital in 2004. He formally retired from First Round earlier this year.

New job: Morgan tells Axios that he will spend around 20% of his time with B Capital, primarily to help the firm figure out how to best operate with multiple global offices. "They really need help building out the firm and integrating people." He's particularly intrigued by B Capital's financial ties to Boston Consulting Group, which he believes will help growth-stage portfolio companies get access to the Global 5000.

History: Morgan first met Ganguly around seven years ago at a tech industry conference, and was introduced to Saverin several years after that. He says that Saverin has correctly identified a large tech investment opportunity in Southeast Asia, and refers to the Facebook founder as "much more humble and self-effacing than most people think... He's not the guy from the movie."

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11 p.m. ET: 31,201,975 — Total deaths: 963,068— Total recoveries: 21,356,412Map.
  2. U.S.: Total confirmed cases as of 11 p.m. ET: 6,833,931 — Total deaths: 199,815 — Total recoveries: 2,615,949 — Total tests: 95,841,281Map.
  3. Health: CDC says it mistakenly published guidance about COVID-19 spreading through air.
  4. Media: Conservative blogger who spread COVID-19 misinformation worked for Fauci's agency.
  5. Politics: House Democrats file legislation to fund government through Dec. 11.
  6. World: U.K. upgrades COVID alert level as Europe sees worrying rise in infections — "The Wake-Up Call" warns the West about the consequences of mishandling a pandemic.

Louisville police declare state of emergency as Breonna Taylor decision looms

A demonstrator holds up a sign of Breonna Taylor during a protest in Louisville, Kentucky. Photo: Brandon Bell/Getty Images

The Louisville police chief declared in a memo obtained by news outlets a "state of emergency" for the department on Monday to prepare for Kentucky Attorney General Daniel Cameron's expected announcement on the Breonna Taylor case.

Of note: Louisville has witnessed more than 115 days of protests over the police killing of Taylor, an unarmed Black woman, with calls for all the officers involved to be charged.

Sen. Cory Gardner on vacant Supreme Court seat: "I will vote to confirm"

Photo: Alex Wong/Getty Images

Sen. Cory Gardner (R-Colo.) will vote to confirm President Trump's nominee to replace the late Ruth Bader Ginsburg, he announced in a statement Monday.

Why it matters: The development is a win for President Trump and Senate Majority Leader Mitch McConnell (R-Ky.). It should mean Republicans are all but assured to have enough support to hold hearings for Trump's potential nominee.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!