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 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!

Denver news in your inbox

Catch up on 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!

Des Moines news in your inbox

Catch up on 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!

Minneapolis-St. Paul news in your inbox

Catch up on 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!

Tampa Bay news in your inbox

Catch up on 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!

Charlotte news in your inbox

Catch up on 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!

Partner Steve Jurvetson speaks onstage during TechCrunch Disrupt SF 2017 in San Francisco. Photo: Steve Jennings / Getty Images.

Steve Jurvetson, a venture capital investor, is leaving the firm he co-founded amid an investigation over allegations of sexual harassment, as Recode first reported and DFJ confirmed to Axios. Jurvetson also is on leave from the boards of SpaceX and Tesla pending resolution of the allegations, per a SpaceX spokesperson. No decision has been made yet about the boards on which he represents DFJ.

Why it matters: Jurvetson's departure from the VC firm he co-founded comes after two other investors were ousted from their firms earlier this summer over allegations of sexual harassment and assault. After a woman posted on Facebook last month about alleged predatory behavior on the part of DFJ's founding partners (she did not name Jurvetson), the firm admitted it was investigating him after hearing second-hand reports.

Statement from DFJ:

As of today and by mutual agreement, Steve Jurvetson will be leaving DFJ. DFJ's culture has been, and will continue to be, built on the values of respect and integrity in all of our interactions. We are focused on the success of our portfolio companies, as well as the long-term vision for the firm and will continue to operate with the highest professional standards.

From Jurvetson via Twitter:

I am leaving DFJ to focus on personal matters, including taking legal action against those whose false statements have defamed me.

The story has been updated to add that Jurvetson is on leave of absence from the boards of Tesla and SpaceX.

Go deeper

Dion Rabouin, author of Markets
36 mins ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.

Updated 1 hour ago - Politics & Policy

Biden to sign 15 executive actions on Day One

President-elect Joe Biden. Photo: SAUL LOEB/AFP via Getty Images

President-elect Joe Biden is expected to sign 15 executive actions upon taking office Wednesday, immediately reversing key Trump administration policies.

Why it matters: The 15 actions — aimed at issues like climate change and immigration — mark more drastic immediate steps compared with the two day-one actions from Biden's four predecessors combined, according to incoming White House press secretary Jen Psaki.

Mike Allen, author of AM
1 hour ago - Politics & Policy

The Swamp wins

President Trump on Jan. 28, 2017, with two aides he later pardoned — national security adviser Michael Flynn and strategist Steve Bannon. Photo: Drew Angerer/Getty Images

It was 12:50 a.m. on Inauguration Day when President Trump announced 143 pardons and commutations — including a pardon for Steve Bannon. 17 minutes later, the White House released an executive order that said it all about his failure to "drain the Swamp," as he'd promised in the '16 campaign.

Driving the news: Trump revoked an executive order, signed eight days after he took office, that limits his appointees' lobbying for five years after leaving the administration.