If you are a venture backed technology startup with more than 6 months of runway, PPP has asymmetric risk for you. I advise against applying.
For ~1mo of payroll, you are legally certifying ‘current economic uncertainty makes this loan request necessary to support ongoing operations.’ Eligibility only tested in hindsight, after loan. Criminal penalties for false certifications. Tech will be closely scrutinized ex post.
You can follow @justGLew.
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