Ted Wang is stepping down as a partner with Silicon Valley law firm Fenwick & West, in order to join Cowboy Ventures as its second partner. He is expected to remain of counsel to Fenwick, where he has worked on mergers for such companies as Jet.com (sold to Wal-Mart) and Quip (sold to Salesforce).

Why it matters: Almost any time I've worked on a story involving startup stock or M&A law, people tell me to call Ted. Not only does that mean he's a consensus expert, but he's also now more likely to return my calls.

More on Cowboy: Aileen Lee, who founded Cowboy in 2012 after a stint at Kleiner Perkins, says Wang was the attorney at RMG Networks while she was founding CEO between 2007 and 2009. Early last year he reached out to say he was considering other opportunities and, after having discussions with several venture firms, agreed to become Lee's first-ever partner at Cowboy. Lee adds that the new hire does not mean Cowboy is about to raise a new fund, as it's still investing out of a $57 million second vehicle that closed in early 2015.

"He has no track record as an investor, but lots of operators have been hired into venture firms," Lee says. "Hopefully the practice he's built over the past 10 years is a great proxy for having a nose for startups. He walked into Fenwick without any marquee clients, and demonstrated that he had a great chemistry with entrepreneurs, both for enterprise and consumer companies."

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 12,859,834 — Total deaths: 567,123 — Total recoveries — 7,062,085Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 3,297,501— Total deaths: 135,155 — Total recoveries: 1,006,326 — Total tested: 40,282,176Map.
  3. States: Florida smashes single-day record for new coronavirus cases with over 15,000 — NYC reports zero coronavirus deaths for first time since pandemic hit.
  4. Public health: Ex-FDA chief projects "apex" of South's coronavirus curve in 2-3 weeks — Coronavirus testing czar: Lockdowns in hotspots "should be on the table"
  5. Education: Betsy DeVos says schools that don't reopen shouldn't get federal funds — Pelosi accuses Trump of "messing with the health of our children."

Scoop: How the White House is trying to trap leakers

Illustration: Sarah Grillo/Axios

President Trump's chief of staff, Mark Meadows, has told several White House staffers he's fed specific nuggets of information to suspected leakers to see if they pass them on to reporters — a trap that would confirm his suspicions. "Meadows told me he was doing that," said one former White House official. "I don't know if it ever worked."

Why it matters: This hunt for leakers has put some White House staffers on edge, with multiple officials telling Axios that Meadows has been unusually vocal about his tactics. So far, he's caught only one person, for a minor leak.

11 GOP congressional nominees support QAnon conspiracy

Lauren Boebert posing in her restaurant in Rifle, Colorado, on April 24. Photo: Emily Kask/AFP

At least 11 Republican congressional nominees have publicly supported or defended the QAnon conspiracy theory movement or some of its tenets — and more aligned with the movement may still find a way onto ballots this year.

Why it matters: Their progress shows how a fringe online forum built on unsubstantiated claims and flagged as a threat by the FBI is seeking a foothold in the U.S. political mainstream.