Amid concerns that startups could be left out of COVID-19 bailout, investors step up lobbying

Amid concerns that startups could be left out of COVID-19 bailout, investors step up lobbying

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/03/30/amid-concerns-that-startups-could-be-left-out-of-covid-19-bailout-investors-step-up-lobbying/

The massive bailout package that the U.S. government passed last week to stave off an economic collapse from measures put in place to mitigate the spread of the COVID-19 epidemic is giving out billions to American small businesses. But startups that received venture capital money could be left out.

So the nation’s investment organizations and lobbying firms are stepping up their efforts to get clarification around the specifics of the loan programs established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.