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Via YouTube

Ryan Hoover, founder of popular tech leaderboard and forum Product Hunt, is raising a small venture capital fund called "Weekend Fund."

Details: Hoover's fund already has secured just over $3 million, according to an SEC filing. It already has made at least one investment, a source tells Axios, though it's unclear if there are more. He has met with several startups over the last several weeks. Hoover declined to comment.

Angel-led VC: Hoover's fund is part of a new initiative by AngelList, which acquired Product Hunt last year, called Angel Funds. Similarl to AngelList syndicates, Angel Funds are managed on the back-end by AngelList, but the managing angel investor gets to decide the investments without getting approval for each deal from his or her backers.

  • Hoover's fund appears to be larger than other Angel Funds, which tend to be under $1 million.
  • Other entrepreneurs leading their respective Angel Funds include Thumbtack co-founder Jonathan Swanson, Gigster co-founder Roger Dickey, and NOW Ventures founder Shiza Shahid.

Go deeper

Latino mental health crisis grows

Shoshana Gordon/Axios

Over 40% of Latino adults have reported symptoms of depression during the pandemic, in contrast to 25% of white non-Hispanics, the CDC reports.

Why it matters: The emotional distress is especially acute for Latinos who had COVID-19, some of them tell Noticias Telemundo.

Misinformation is just one part of a vaccine trust problem

Illustration: Sarah Grillo/Axios

COVID-19 is the first major pandemic in the social media era — offering experts a rare opening to study the relationship between online misinformation and human behavior on a large scale.

Why it matters: As misinformation about COVID-19 vaccines runs rampant, researchers are trying to measure how much memes and messages with false information can alter someone's decision to get vaccinated.

2 hours ago - World

Israel's "change bloc" collapses, leaving Netanyahu in charge

Bennett (L) with Netanyahu in 2015. Photo: Gali Tibbon/AFP via Getty Images

In a dramatic shift that comes amid fighting in the Gaza strip and clashes between Jewish and Arab citizens in Israel, right-wing kingmaker Naftali Bennett has announced he will no longer seek an alternative government to oust Prime Minister Benjamin Netanyahu.

Why it matters: Bennett had been on the verge of a power-sharing deal with centrist opposition leader Yair Lapid that would have made him prime minister for two years until Lapid rotated into the job. Without Bennett, Lapid has no path to a majority, and Israel will almost certainly head for its fifth election since 2019 with Netanyahu still in his post.

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