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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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Illustration: Sarah Grillo/Axios

Sequoia Capital told its investors on Friday that some of their personal and financial information may have been accessed by a third party, after a Sequoia employee's email was successfully phished, Axios has learned.

Why it matters: Sequoia is one of the largest and most successful venture capital firms in the world, with portfolio companies like Airbnb, DoorDash, and Robinhood. It also has invested in cybersecurity firms like FireEye and Carbon Black.

  • Sequoia's investors, known as limited partners, include university endowments, tech executives and charitable foundations.
  • Sequoia told investors that it's been monitoring the dark web, and has not yet seen any indication that compromised information is being traded or otherwise exploited.

In a statement to Axios, a Sequoia spokesperson said:

"We recently experienced a cybersecurity incident. Our security team responded promptly to investigate, and we contacted law enforcement and engaged leading outside cybersecurity experts to help remediate the issue and maintain the ongoing security of our systems.
"We regret that this incident has occurred and have notified affected individuals. We have made considerable investments in security and will continue to do so as we work to address constantly evolving cyber threats."

Go deeper

VC fund investors not raising alarms over SPAC trend

Illustration: Sarah Grillo/Axios

Venture capital firms, formed to invest in startups, are increasingly becoming sponsors of SPACs, blank-check companies that bring later-stage businesses into the public markets. It's significant strategy creep, but so far there hasn't been much opposition from venture capital fund investors, known as limited partners.

Be smart: SPACs are similar to VC in spirit and skills, which is how firms are selling it to their own investors.

1 hour ago - Health

Biden says it's "not the time to relax" after touring vaccination site

President Biden speaking after visiting a FEMA Covid-19 vaccination facility in Houston on Feb. 26. Photo: Mandel Ngan/AFP via Getty Images

President Biden said Friday that "it's not the time to relax" coronavirus mitigation efforts and warned that the number of cases and hospitalizations could rise again as new variants of the virus emerge.

Why it matters: Biden, who made the remarks after touring a vaccination site in Houston, echoed CDC director Rochelle Walensky, who said earlier on Friday that while the U.S. has seen a recent drop in cases and hospitalizations, "these declines follow the highest peak we have experienced in the pandemic."

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Most COVID-19 survivors can weather risk of reinfection, study says — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: FDA advisory panel endorses J&J COVID vaccine for emergency use — About 20% of U.S. adults have received first vaccine dose, White House says — New data reignites the debate over coronavirus vaccine strategy.
  3. Economy: What's really going on with the labor market.
  4. Local: All adult Minnesotans will likely be eligible for COVID-19 vaccine by summer — Another wealthy Florida community receives special access to COVID-19 vaccine.
  5. Sports: Poll weighs impact of athlete vaccination.