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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

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Anthony Fauci. Photo: Alex Wong via Getty Images

Infectious disease expert Anthony Fauci highlighted the need to address racial disparities in the COVID-19 vaccination process, per an interview with The New England Journal of Medicine on Wednesday.

What he’s saying: "I think that's the one thing we really got to be careful of. We don't want in the beginning ... most of the people who are getting it are otherwise, well, middle-class white people."

The Mischief Makers

Illustration: Sarah Grillo/Axios

Several Republican and Democratic lawmakers are emerging as troublemakers within their parties and political thorns for their leadership.

Why it matters: We're calling this group "The Mischief Makers" — members who threaten to upend party unity — the theme eclipsing Washington at the moment — and potentially jeopardize the Democrats' or Republicans' position heading into the 2022 midterms.

Obama speechwriter fears Biden unity drive is one-sided

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President Obama's former speechwriter says he's "preemptively frustrated" with President Biden's effort to find unity with Republicans.

What they're saying: Cody Keenan told Axios that Biden's messaging team has "struck all the right chords," but at some point "they're gonna have to answer questions like, 'Why didn't you achieve unity?' when there's an entire political party that's already acting to stop it."