Categories business

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Tech for good during COVID-19: Sky-high gifts, extra help, and chips

When Roger Lee, the co-founder of Human Interest, heard that San Francisco imposed shelter-in-place orders, he started blogging about layoff news and posting crowdsourced lists of employees who were laid off. His goal was to increase awareness about layoffs and give recruiters a place to search for candidates. However, one […]

Microsoft opens registration for its free, online Build 2020 developer conference

Microsoft has now opened registration for the virtual edition of its online-only Build 2020 developer conference, which will take place from May 19 to 20. Typically, the event draws more than 6,000 developers, but because of the coronavirus pandemic, that’s obviously not an option. In contrast to Google, which completely […]

Manufacturing startup Divergent 3D reduces staff by one-third

Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations alike. The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. […]

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My experience with the CARES Act was frustrating, confusing and unfair

Suzanne Borders Contributor Share on Twitter Suzanne is the CEO and co-founder of BadVR. She thrives at the intersection of data, art, technology and poetry. As a small business owner, I was excited to learn about the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act that offers low-interest loans […]

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Changing policy, Y Combinator cuts its pro rata stake and makes investments case-by-case

In a message posted to its internal communications channel earlier this week, the massive startup accelerator Y Combinator said it will change the terms of its own PPP (the YC pro rata investment program) and investing in companies raising seed and Series A rounds on a case-by-case basis. The company […]

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The intersection of small business, tech and our financial system is more important than ever

Ann Marie Mehlum Contributor Share on Twitter Ann Marie Mehlum serves on several boards, including Summit Bank, and is a senior advisor at FS Vector, Fenway Summer’s advisory affiliate. Previously, she was associate administrator of Capital Access at SBA. Javier Saade Contributor Share on Twitter Javier Saade serves on several […]

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It’s ‘bullshit’ that VCs are open for business right now, but that could change in a month

Earlier today, to get a sense of what’s happening in the land of venture capital, the law firm Fenwick & West hosted a virtual roundtable discussion with New York investors Hadley Harris, a founding general partner with Eniac Ventures; Brad Svrluga, a co-founder and general partner of Primary Ventures; and […]

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Silicon Valley Bank only started processing stimulus loan applications today

In a sign of just how broken the process is for startups looking to receive stimulus dollars, Silicon Valley Bank, the bank that claims “more innovative startups bank with us than any other bank,” only just began processing claims today. “Since the CARES Act and the PPP were announced, we […]