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Photo by Michael Kovac/Getty Images for Vanity Fair

Bond Capital, a Silicon Valley VC firm whose portfolio companies include Slack and Uber, told its investors this morning via email that the coronavirus' high-speed spread and impact has similarities to the devastating San Francisco earthquake of 1906.

Why it matters: Bond's best-known partner, Mary Meeker, is a former bank analyst renowned for her annual Internet Trends Report, which many investors and entrepreneurs use as a touchstone for where tech is now and where it's going. Today's 28-page report to Bond's limited partners, obtained by Axios, shares some structural similarities.

Some takeaways:

  • "Covid-19 has upended our modern lives in ways we’re just starting to understand."
  • Prior epic viruses have permanently changed the world, but coronavirus may prove less impactful because of our information-sharing and scientific technologies.
  • Scientists and other domain experts are getting "more seats at the table."
  • Digital transformation is accelerating, due to so many people working from home. New work-life balances are also being struck.
  • This may become the "call to arms" to better marry technology with healthcare, in terms of everything from telehealth to rapid point-of-care diagnostics, to applying automation and AI to health care services.
  • "We are optimists and believe there is hope on the other side of despair.... We need government, business and entrepreneurial intervention at scale (deployed logically and effectively) to get to the other side."

Below is the full report, which is signed by the entire Bond Capital team:

Go deeper

100+ corporate executives consider freezing donations over laws curbing voting access

Illustration: Annelise Capossela/Axios

More than 100 corporate executives and leaders gathered on a zoom call Saturday to discuss ways to combat controversial voting bills that would restrict voting access that are being considered across the country, per the Washington Post.

Why it matters: American corporations flexed their advocacy muscles earlier this month when more than 100 companies signaled their opposition to Georgia's new voting law, inciting the wrath of GOP leaders, including former President Donald Trump and Senate Minority Leader Mitch McConnell.

6 hours ago - World

Defense Sec. Austin stresses U.S. commitment to Israel's security amid growing Iran tensions

Issei Kato/Reuters/Bloomberg via Getty Images

Secretary of Defense Lloyd Austin arrived for his first visit in Jerusalem amid nuclear talks in Vienna and growing tensions between Israel and Iran.

Why it matters: Austin met his counterpart Benny Gantz and will meet later with Prime Minister Netanyahu to discuss Iran and regional security issues.

"I was horrified": Leaders respond to footage of Black and Latino Army officer threatened at traffic stop

An Army officer is suing two Virginia police officers after he said they drew their guns and pepper-sprayed him during a traffic stop in December.

Why it matters: Footage of the incident has drawn widespread criticism from leaders and groups in the state. Caron Nazario, who is Black and Latino, is heard saying “I’m honestly afraid to get out," to which a police officer responds “Yeah, you should be," in a video from a body-worn camera.