Thursday, April 23, 2020
• 11:00 am
- 11:45 am
This event has passed. You can find the full recording of the call here.
Join us for a live video Q&A to discuss how the Paycheck Protection Program impacts VC-backed startups.
For weeks, VC-backed startup leaders have struggled to understand the requirements to apply to the Small Business Association's Paycheck Protection Program, which is designed to provide emergency loans to small businesses. Several investors have spoken out against VC-backed companies applying for the loans unless they would otherwise have to perform layoffs or other potentially disastrous cost-cutting measures. Meanwhile, other VCs and startup advocates have encouraged companies to apply, referring to the government loans as "free money". Now the SBA initiative is out of cash and many questions remain.
About the Speakers:
- Mark Suster is a General Partner at Upfront Ventures, where he helps fund like-minded entrepreneurs. He served as the Vice President of Salesforce in 2007, when the company where he was Founder and CEO of, Koral, was acquired.
- Laura Bloxham is a startup lawyer in Orrick's Technology Companies Group focused on representing high growth technology and life sciences companies in formation, venture capital financing and a variety of corporate and governance matters. She also represents leading venture firms in connection with their investments in portfolio companies.
- Vlad Magdalin is the Co-founder & CEO of Webflow, focused on empowering millions of people to build for the open web. Before that, he worked as a Senior Software Engineer who co-founded Intuit Brainstorm, and was responsible for the overall technical direction of the product since its inception.
- Pia Sawhney is an award-winning media entrepreneur. At Armory Square Ventures, she applies her skills to source new opportunities and meet with startup teams and prospects. Pia has otherwise advised and helped operate the firm since its inception in 2014.
- Kate Clark is a reporter for The Information, covering venture capital and startups from The Information's San Francisco headquarters. Previously, she was a reporter at TechCrunch, where she broke stories on the startup industry.
- Zoë Bernard is a reporter for The Information, covering venture capital from The Information’s New York bureau. Previously, she was a reporter at Business Insider, where she broke stories on firms like Social Capital and Kleiner Perkins, as well as news on several high profile funding rounds.