How to Make Sense of the PPP Loan Program for VC-Backed Startups
Both Sides of the Table
APRIL 6, 2020
The NVCA (National Venture Capital Association) Guidelines are below. So to be clear, if a company owns 8% of your company but has negative blocking rights as outlined above in the NVCA guidelines, you are ineligible for the program unless you modify your legal governing documents. This is another misconception.
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