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Photo by Emma McIntyre/Getty Images

Veteran media analyst Rich Greenfield is launching a technology, media and telecom research firm called LightShed Partners, alongside four other former colleagues from BTIG.

What's new: LightShed will initially offer tiered, subscription research for institutional investors like first client KKR.

The details: The firm will be co-founded by five BTIG analysts, including Greenfield, who is regularly quoted by industry press, Walter Piecyk, Brandon Ross, Joseph Galone, and Mark Kelley.

  • Greenfield tells Axios that the departure from BTIG was amicable, and that LightShed will initially offer users a library of the team's historical analysis going back to 2006.
  • He also notes that because so many TMT companies are converging in their offerings and business models, it makes sense to have a smaller, cohesive group work together on shared insights and analysis.

KKR will be a paying client, not an investor in Lightshed.

  • "They have a large TMT group that has invests billions in companies large and small. They are also backing entrepreneurs," says Greenfield. Over time, we think there will be more and more ways for our firms to collaborate."

Part of LightShed's goal in creating a smaller, nimbler firm is to also be able to offer more creative ways to engage with their research and insights.

  • "While others are busy mailing PDF’s, we will be seeking to leverage popular, user friendly modes of communication, multimedia and new web technologies to push the LightShed platform even further and provide differentiated content to our clients,” said Walter Piecyk in a statement.
  • The company also will host events for premium subscribers and launch podcasts.

Go deeper

4 hours ago - Health

Fauci: Omicron variant will "inevitably" be found in U.S.

Photo: Chip Somodevilla/Getty Images

Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, cautioned on Sunday that the COVID-19 Omicron variant will "inevitably" be found in the United States.

Driving the news: Fauci, Biden's chief medical adviser, told ABC's George Stephanopoulos on "This Week" that U.S. officials will meet with colleagues from South Africa later on Sunday to try to determine the severity of the cases, as countries scramble to learn more about the variant.

Updated 6 hours ago - Politics & Policy

Dems fear supply-chain blame

Illustration: Aïda Amer/Axios

As supply-chain kinks drive up prices and disrupt holiday shopping, Democrats are scrambling to show action and deflect blame.

Why it matters: With their party controlling both the White House and Capitol, vulnerable Democrats worry supply-chain snafus will hurt them in next year's midterms.

6 hours ago - World

Scoop: Germany urges Congress not to sanction Putin’s pipeline

Photo: Mikhail Svetlov/Getty Images

The German government has urged members of Congress not to sanction the Nord Stream 2 pipeline, arguing that doing so will "weaken" U.S. credibility and "ultimately damage transatlantic unity," according to documents obtained by Axios.

Why it matters: At a time when roughly 100,000 Russian troops are massing at its border, Ukraine views Nord Stream 2 as an existential threat to its security. The pipeline would circumvent Ukrainian transit infrastructure and deliver Russian gas directly to Germany, eliminating one of the last deterrents Ukraine has against an invasion.