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Illustration: Sarah Grillo/Axios

Ted Fike and Justin Wilson have quietly stepped down as partners with SoftBank Vision Fund, in order to focus on SPACs with private equity firm Gores Group.

Why it matters: Gores Group is one of the most experienced blank-check investors, having bought Hostess Brands in 2016, and these hires suggest its new SPACs will kick the tires on high-growth tech unicorns.

The big picture: Both Fike and Wilson will be senior managing directors with Gores Group.

  • Fike, who joined SoftBank after stints at Google and Airbnb, was either a board director or observer with Vision Fund portfolio companies like DoorDash, Memphis Meats, and Plenty.
  • Wilson, also a former Googler, was either a director of observer with such companies as Alto Pharmacy, Clutter, and Opendoor (which recently agreed to be aquired by a SPAC).
  • Each also was involved with a notable Vision Fund failure: Wag for Fike and Brandless for Wilson.

Go deeper: SPACs are bizarro private equity

Go deeper

Dan Primack, author of Pro Rata
Nov 13, 2020 - Economy & Business

DoorDash files for IPO

Illustration: Aïda Amer/Axios

DoorDash filed Friday for its IPO, which is expected to price in the window between Thanksgiving and Christmas.

The state of play: There's a lot more noise than signal because of the pandemic.

37 mins ago - Sports

The end of COVID’s grip on sports may be in sight

Illustration: Aïda Amer/Axios

Packed stadiums and a more normal fan experience could return by late 2021, NIAID director Anthony Fauci said yesterday.

Why it matters: If Fauci's prediction comes true, it could save countless programs from going extinct next year.

Trump's 2024 begins

Trump speaking to reporters in the White House on Thanksgiving. Photo: Erin Schaff - Pool/Getty Images

President Trump is likely to announce he'll run again in 2024, perhaps before this term even ends, sources tell Axios.

Why it matters: Trump has already set in motion two important strategies to stay relevant and freeze out other Republican rivals.