AP

Unshackled Ventures, a three-year-old organization that funds and helps foreign entrepreneurs who want to base their startups in the U.S., is raising a targeted $25 million for a second fund, according to an SEC filing.

Backdrop: Creative alternatives for foreign entrepreneurs, like Unshackled Ventures, are especially important right now after President Trump chose to delay the Obama-era International Entrepreneur Rule from taking effect last month. The policy would have made it easier for foreign entrepreneurs who aren't eligible for other types of visas and who meet certain requirements to stay in the U.S. for 2.5 years to get their startups going.

Unshackled details:

Along with providing funding to entrepreneurs, Unshackled also sponsors their work visas (as an employer would sponsor a worker's H-1B visa) so they can leave their current jobs or graduate from college without having to leave the country.

Backers: It's unclear who will back Unshackled's new fund, though investors in its previous $3.5 million fund include First Round Capital, Emerson Collective, TYLT Ventures, Jerry Yang's AME Cloud Ventures, Naval Ravikant, Brad Feld, and Joe Lonsdale, among others. Unshackled's portfolio includes Starsky Robotics, Lily, and Pluto. The firm declined to comment on the new fund.

Go deeper

Updated 28 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 12,573,041 — Total deaths: 561,865 — Total recoveries — 6,915,740Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 3,213,902 — Total deaths: 134,420 — Total recoveries: 983,185 — Total tested: 38,919,421Map.
  3. Public health: Jimmy and Rosalynn Carter: "Please wear a mask to save lives" Fauci hasn't briefed Trump on the coronavirus pandemic in at least two months — We're losing the war on the coronavirus.
  4. Food: How the coronavirus pandemic boosted alternative meat.
  5. Sports: Charge of "money grab" by college football.
  6. World: India reimposes lockdowns as coronavirus cases soar.
  7. 🎧 Podcast: Rural America has its own coronavirus problem.

Scoop: Don Jr. plans convention-week Biden book

Cover via Don Jr.

Donald Trump Jr., in quarantine since girlfriend Kimberly Guilfoyle tested positive for the coronavirus, says he's used the time to finish a book that he'll self-publish the week of the Republican convention, at the end of August.

What he's saying: Don Jr., whose controversial blasts connect with President Trump's base, told me in a phone interview that "Liberal Privilege" will be his effort to paint a picture of Joe Biden and his record that the press ignores.

Romney calls Stone commutation "historic corruption"

Sen. Mitt Romney. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Sen. Mitt Romney (R-Utah) on Saturday tweeted a scathing response to President Trump's Friday night commutation of former associate Roger Stone's prison sentence, calling the move "[u]nprecedented, historic corruption."

Why it matters: Romney has emerged as the party's most prominent Trump critic. He sent shockwaves through Washington after announcing he would vote to convict Trump in the impeachment trial — becoming the only Senate Republican to break ranks and vote for the president's removal from office. Now he is the first major GOP lawmaker to condemn Trump's Friday night call regarding Stone.