Sep 22, 2017

ShareThis founder raising $100 million VC fund in Ohio

Dan Primack, author of Pro Rata

Refinery Ventures, a Cincinnati-based venture capital firm launched earlier this year by Tim Schigel, is seeking to raise to to $100 million for its debut fund, according to an SEC filing. So far it has already secured nearly $11 million, and has backed companies like Doc Halo, a real-time clinical communications startup.

Who? Schigel is the founder of ShareThis, a Silicon Valley make of a social media sharing widget for online publishers. He later would go on to lead a venture fund-pf-funds for a Cincinnati-based startup accelerator called Cintrifuse.

Why it matters: Most venture capital firms are concentrated on the coasts, thus making it particularly difficult for Midwestern entrepreneurs to succeed without leaving home. The arrival of firms like Refinery might be able to change that dynamic.

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Updated 5 mins ago - Politics & Policy

The aftermath of George Floyd's death: Everything you need to know

A mural outside Cup Foods in Minneapolis, near where George Floyd was killed in an encouner with police. Photo: Steel Brooks/Anadolu Agency via Getty Images

Former Minneapolis police officer Derek Chauvin is in jail under $500,000 bail on charges of third-degree murder and manslaughter after a video of him kneeling on George Floyd's neck for more than eight minutes and Floyd's death catapulted the country's major cities into a state of protest.

The big picture: Floyd's fatal run-in with police is the latest reminder of the disparities between black and white communities in the U.S. and comes as African Americans grapple with higher death rates from the coronavirus and higher unemployment from trying to stem its spread.

Updated 7 mins ago - Science

Live updates: SpaceX attempts to launch NASA astronauts Saturday

SpaceX's Falcon 9 rocket on the launch pad. Photo: NASA/Joel Kowsky

At 3:22 p.m. ET today, SpaceX is expected to launch NASA astronauts Bob Behnken and Doug Hurley to the International Space Station for the first time.

Why it matters: The liftoff — should it go off without a hitch — will be the first time a private company has launched people to orbit. It will also bring crewed launches back to the U.S. for the first time in nine years, since the end of the space shuttle program.

Follow along below for live updates throughout the day...

Updated 1 hour ago - Politics & Policy

In photos: Protesters clash with police nationwide over George Floyd

Police officers grapple with protesters in Atlanta. Photo: Elijah Nouvelage/Getty Images

Police used tear gas, rubber bullets and pepper spray as the protests sparked by the killing of George Floyd spread nationwide on Friday evening.

The big picture: Police responded in force in cities ranging from Atlanta to Des Moines, Houston to Detroit, Milwaukee to Washington, D.C. and Denver to Louisville. In Los Angeles, police declared a stretch of downtown off limits, with Oakland issuing a similar warning.