SBA Paycheck Protection Program (PPP) Loan Estimator
Unsurprisingly, numerous SBA PPP Loan calculators have appeared on the web. Many of them are tied to a specific bank and have various complexity (or simplicity) in determining the amounts
Unsurprisingly, numerous SBA PPP Loan calculators have appeared on the web. Many of them are tied to a specific bank and have various complexity (or simplicity) in determining the amounts
My partner Seth Levine recently put up an extremely thoughtful post titled SBA PPP Loans Aren’t for Everyone. Go read it now – I’ll be here when you get back. Seth references two other posts to read and consider. The first is by Albert Wenger at USV titled VC Backed Startups and PPP: Do You Really Need It? The other is an OpEd for CNBC written by Seth and Elizabeth Macbride titled Stampede for emergency loans is crushing lenders, putting millions of small businesses at risk. Here are steps to fix the system.
The CDC finally issued guidance to Use of Cloth Face Coverings to Help Slow the Spread of COVID-19. If you go out in public, please wear a “Cloth Face Covering.” I’m using every ounce of energy that I have to avoid talking about the politics of any of this. Rather, I’m focusing on actionable things with clear reasoning for them. Before I explain why this is so important, here are two websites that clarify the types of face coverings I’m talking about. Specifically, these are homemade (or DIY) cloth face coverings.
While everyone I know feels the weight of being in the midst of the Covid crisis, we are actually dealing with the overlap of three linked crises. Understanding this, and putting it in historical context, has been helpful to me as I process real-time inputs and prioritize my activities. The three crises are (1) a health crisis (Covid-19) that has generated a (2) financial crisis, each of which has generated massive societal disruption which will generate a (3) mental health crisis.
A creative group of Boulder entrepreneurs, led by Vikas Reddy and Kyle Judah and inspired by San Franciso entrepreneurs/investors Frank Barbieri and Ryan Sarver have created and put into action a program that supports both frontline health workers and local independent restaurants. They’ve created a program called Feed the Frontlines Boulder that lets the community donate meals from local restaurants to health workers on the frontlines. Health workers get a nourishing meal, and local restaurants get badly needed business to keep running and keep staff employed.
Governor Jared Polis had an excellent and extremely data-driven press conference yesterday to provide quantitive support for his stay at home order (among other things.) The presentation is embedded and worth paging through. https://www.slideshare.net/bfeld/colorado-governor-polis-doingmypartco-presentation-03272020 The basic message is that unless it is absolutely necessary for you, please stay at home to prevent the spread of the virus. While it is frustrating and constraining in the short term, if you stay at home, your actions will contribute to saving many lives. If not, your actions will contribute to killing people. I know that’s a harsh statement, but the data shows that we are clearly in the middle of a relatively short period where our collective action of staying at home can have a huge positive impact.
Amy and I recently joined a campaign created by Dave and Suzanne Hoover to fund a $100,000 match for the Impact on Education Foundation for Boulder Valley Schools Critical Needs Fund. School closures due to COVID-19 have a direct impact on BVSD students and families. This fund supports BVSD food services to ensure families receive nutritious meals. It also provides school supplies to assist with at-home learning. On Monday, I talked about our matching gifts to Boulder Community Health Covid-19 Relief Fund and the Covid-19 Response Fund Boulder County. Both funds have happily completed their match, but are continuing to raise additional money. They are both Covid-19 Relief Funds to consider if you want to support immediate and high-impact activity in Boulder.
In addition to his leadership at Foundry, the companies he’s involved in, a number of initiatives in Colorado generally and Longmont specifically, and with his family, my partner Seth Levine has written several excellent posts in around the Covid Crisis. His first, Dealing with evolving information about Covid-19 was deeply personal and explained why it is so important to “being open to new and evolving information is so critically important in a time when what we know about Covid-19 is changing so rapidly.”
My friends at Formlabs have launched a Formlabs Covid-19 Network and are working on numerous 3D printable solutions for the crisis. As of this morning, 800 people have already signed up to participate. My premise around 3D printers when we made our first investment in 2010 in MakerBot was that ultimately everyone would want a 3D printer on their desktop. I thought this was especially true in prototyping, experimentation, and emergency situations.
It’s amazing the havoc a 120-nanometer organism can wreak on the human race. Someone said that every 24 hours feels like a week. That would put us at the end of the school year, which kind of feels like what has actually happened. I expect this week will be as intense as last week. While there was almost no positive news last week on any front, I feel well organized around the things I’m working on.