Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

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

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

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Rachel Holt. Photo: Tasos Katopodis/Getty Images for Uber Elevate

Rachel Holt, a longtime Uber executive who joined the ride-hailing company in 2011, is leaving Uber to launch a venture capital firm called Construct Capital, according to an internal memo Axios has obtained.

Why it matters: Holt, who started her time at Uber heading its Washington, D.C. operations, was promoted in 2018 to head what it calls "New Mobility," the division that includes bikes, scooters, and public transit partnerships.

Below is an excerpt from an internal email sent by Holt, and obtained by Axios:

"Making a change this this is never a simple decision and, in my case, doubly so. Uber has been my home for nearly 8.5 years and I've grown immensely both personally and professionally in that time. I'll never forget the rush of energy turning on our business in Washington, D.C. in 2011 for the first time, and immediately seeing the 8 available cars we had on the road (that was a lot at the time!) get requested.
I'll always remember where I was when the first moment it dawned on me that we might be onto something big, when I overheard strangers talking about Uber, showing each other this cool new app they had found. I couldn't have been prouder to see the positive impact on drivers across the country when we launched tipping...
And, most recently, spending time in with the NeMo leads in Paris, riding JUMP bikes around the city and seeing firsthand just how much we're changing the city for the better, and realizing how lucky I was to have the opportunity to change the world not once, but twice, on both rides and mobility."

Go deeper: Uber's pre-IPO holders cash in

Go deeper

1 min ago - Technology

States court tech money even as they bash companies

Illustration: Annelise Capossela/Axios

Some of the country's fastest-growing states are publicly attacking the tech industry's business practices on one hand while courting its investment on the other.

Why it matters: Attracting technology companies is a holy grail for economic development because they bring high-paying jobs and prestige to aspiring tech hubs. But that project is now colliding with some state leaders' efforts to rein in tech companies' growing power.

Minnesota governor denounces alleged police violence against media

Law enforcement officers pepper spray freelance photographer Tim Evans (L) as he identifies himself a working journalist outside the Brooklyn Center police station on Friday. Photo: Chandan Khanna/AFP via Getty Images

Gov. Tim Walz (D) spoke out Sunday over allegations that journalists covering unrest in the Twin Cities suburb of Brooklyn Center have endured police violence, telling CBS Minnesota: "Apologies are not enough, it just cannot happen."

Why it matters: Since violations of press freedoms came to national attention last year, with reports of journalists being arrested and assaulted while covering anti-racism protests, violent encounters with law enforcement seem to have become the norm.

7 hours ago - World

In photos: Students evacuated as wildfire burns historic Cape Town buildings

Firefighters try, in vain, to extinguish a fire in the Jagger Library, at the University of Cape Town, after a forest fire came down the foothills of Table Mountain in Cape Town, South Africa, on Sunday. Photo: Rodger Bosch/AFP via Getty Images

A massive wildfire spread from the foothills of Table Mountain to the University of Cape Town Sunday, burning historic South African buildings and forcing the evacuation of 4,000 students, per Times Live.

The big picture: Visitors to the Table Mountain National Park and other nearby attractions were also evacuated and several roads including a major highway, were closed. South Africa's oldest working windmill and the university's Jagger Library, which houses SA antiquities, were among the buildings damaged.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!