Aug 29, 2017

Michael Jordan invests in tech startup Gigster

AP Photo/Pablo Martinez Monsivais

Gigster, a San Francisco-based provider of automation tools for smart software development, has raised $20 million in Series B funding. Redpoint Ventures led the round, and was joined by Michael Jordan, Marc Benioff, Adam D'Angelo and return backers Andreessen Horowitz, Y Combinator and Sound Ventures.

  • Why it's a big deal: Large enterprises are turning more to outsourced tech project development as things like machine learning and blockchain gain traction within... Oh, who are we kidding? This round is notable because Michael Jordan is involved — becoming the latest pro athlete to dabble in venture tourism. A company spokesman says the introductions to the NBA all-timer came through two existing Gigster investors: Ashton Kutcher (co-founder of Sound Ventures) and Vivek Ranadivé (who also owns the Sacramento Kings).
  • Gigster CEO Roger Dickey, via TechCrunch: "He was my childhood hero. It's just fun to have him on the cap table. He didn't put a ton into the round. We thought it'd be cool to have someone involved that we really look up to."

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 9 p.m. ET: 1,014,673 — Total deaths: 52,973 — Total recoveries: 210,335Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 244,678 — Total deaths: 5,911 — Total recoveries: 9,058Map.
  3. 2020 updates: The Democratic National Committee said its July convention will be postponed until August because of the coronavirus. A federal judge declined to delay Wisconsin's April 7 primary election.
  4. Jobs latest: Coronavirus unemployment numbers are like a natural disaster hitting every state.
  5. Public health latest: Anthony Fauci called for a nationwide stay-at-home order. FDA allows blood donations from gay men after 3-month waiting period, citing "urgent need."
  6. Business latest: Treasury Secretary Steven Mnuchin said oil companies are eligible for aid from new lending programs the Federal Reserve is setting up, but not direct loans from his department.
  7. U.S.S. Theodore Roosevelt: Navy removes captain of aircraft carrier who sounded alarm about coronavirus.
  8. 1 future thing: In developing countries, consequences of COVID-19 could be deeper and far more difficult to recover from.
  9. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  10. Other resources: CDC on how to avoid the virus, what to do if you get it.

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CNN: Fauci advises all states issue stay-at-home orders

Dr. Anthony Fauci listens to President Trump speak during a briefing on April 1. Photo: Win McNamee/Getty Images

Director of the National Institute of Allergy and Infectious Diseases Anthony Fauci recommended on Thursday that all states across the U.S. implement stay-at-home orders, at a CNN town hall.

Why it matters: The recommendation stands in contrast to President Trump's calls for "flexibility." Nearly 4o states have issued stay-at-home orders to promote social distancing as a way to combat the novel coronavirus — but the orders vary in strictness and duration.

Go deeperArrow33 mins ago - Health

World coronavirus updates: Confirmed cases top 1 million

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

Novel coronavirus infections have surpassed the 1 million mark after "near exponential growth" that's reached "almost every country," World Health Organization Director-General Tedros Adhanom Ghebreyesus said Thursday.

The big picture: Policy responses to the global coronavirus crisis have been every-country-for-itself and — in the case of the U.S. and China — tinged with geopolitics. But, the scientific work underway to understand the virus and develop a vaccine has been globalized on an unprecedented scale.

Go deeperArrowUpdated 1 hour ago - Health