Mar 20, 2018

Khosla Ventures raising $1.4 billion for new funds

Vinod Khosla. Photo by Steve Jennings/Getty Images.

Silicon Valley venture capital firm Khosla Ventures is raising up to $1 billion for its sixth flagship fund, and up to a whopping $400 million for another seed fund, according to SEC filings.

Why it matters: The venture capital world is in the midst of a fundraising boom, with many brand-name firms in market with new vehicles that are larger than their prior efforts.

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More states issue stay-at-home orders as coronavirus crisis escalates

Data: Axios reporting; Map: Danielle Alberti/Axios

Florida and Georgia governors ordered all residents to stay at home late Wednesday, with exceptions for those engaged in essential services, including health care and government functions.

The big picture: In a matter of weeks, the number of states that issued orders nearly quadrupled, affecting almost 300 million Americans.

Go deeperArrowUpdated Apr 2, 2020 - Health

White House recommends Americans wear masks in public

New Yorker wearing a homemade face covering. Photo: Selcuk Acar/NurPhoto via Getty Images

The White House announced that the CDC is recommending Americans wear cloth masks or face coverings in public to help stop the spread of the coronavirus, President Trump said at a press briefing on Friday — emphasizing the guidance is "voluntary."

Why it matters: The use of face coverings could stop people who have the virus, whether they have symptoms or not, from spreading it further when they go out in public.

Trump calls to fill up more places with oil

President Trump is calling on the Energy Department to find more places to store oil, in the wake of rock-bottom prices and an ensuing economic collapse of the sector itself.

Driving the news: Trump’s comments came Friday during a televised portion of a meeting he hosted with industry CEOs to discuss ways to help the sector. It’s reeling from a historic drop-off in demand with the world shutting down to slow the spread of the coronavirus.