Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

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

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

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Keith Rabois. Photo: Steve Jennings/Getty Images for TechCrunch

Venture capitalist Keith Rabois is leaving Khosla Ventures in order to join Founders Fund as a partner, Axios has learned.

Why it matters: Rabois is responsible for Khosla's 2014 investment in digital payments company Stripe at a $1.7 billion valuation (now valued at $22.5 billion) and also founded Khosla portfolio company OpenDoor (now valued at $3.7 billion).

  • This is a reunion of sorts for Rabois with Founders Fund's Peter Thiel. The pair got to know each other while undergrads at Stanford, and they later worked together at both PayPal and Thiel's Clarium Capital.

“Keith is a great investor, a successful founder and an extremely talented operating executive," Thiel says. "Any one of those is hard to pull off; Keith has mastered all three. If you’re a founder, he’s exactly who you want on your side.”

  • Rabois also held senior positions at LinkedIn, Slide and Square before joining Khosla Ventures in early 2013.

"I've known Peter for 30 years and am friends with virtually every person at Founders Fund. ... I've actually tried to recruit most of them at different times in my career," Rabois tells Axios.

  • Rabois will become the ninth partner at Founders Fund, investing across all sectors and stages.
  • The firm also is adding Delian Asparouhov, Rabois' chief of staff at Khosla Ventures, as a principal.
  • Rabois and Khosla Ventures have not yet determined what will happen with his current portfolio company board seats.

Go deeper

21 mins ago - Politics & Policy

Stalemate over filibuster freezes Congress

Illustration: Sarah Grillo/Axios

Senate Majority Leader Chuck Schumer and Mitch McConnell's inability to quickly strike a deal on a power-sharing agreement in the new 50-50 Congress is slowing down everything from the confirmation of President Biden's nominees to Donald Trump's impeachment trial.

Why it matters: Whatever final stance Schumer takes on the stalemate, which largely comes down to Democrats wanting to use the legislative filibuster as leverage over Republicans, will be a signal of the level of hardball we should expect Democrats to play with Republicans in the new Senate.

Dave Lawler, author of World
48 mins ago - World

Biden opts for five-year extension of New START nuclear treaty with Russia

Putin at a military parade. Photo: Valya Egorshin/NurPhoto via Getty

President Biden will seek a five-year extension of the New START nuclear arms control pact with Russia before it expires on Feb. 5, senior officials told the Washington Post.

Why it matters: The 2010 treaty is the last remaining constraint on the arsenals of the world's two nuclear superpowers, limiting the number of deployed nuclear warheads and the bombers, missiles and submarines which can deliver them.

Updated 1 hour ago - Technology

Facebook refers Trump ban to independent Oversight Board for review

Photo: Alex Edelman/AFP via Getty Images

Facebook's independent Oversight Board has accepted a referral from the platform to review its decision to indefinitely suspend former President Trump.

Why it matters: While Trump critics largely praised the company's decision to remove the then-president's account for potential incitement of violence, many world leaders and free speech advocates pushed back on the decision, arguing it sets a dangerous precedent for free speech moving forward.