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Persevering through the Covid-19 crisis- for founders and CEOs

March 22, 2020

In this unprecedented and extraordinary time of the COVID-19 crisis, the Pasadena Angels recognize the vital contributions of the early-stage startups and small businesses that we invest in. You are responsible for the competitive innovations, jobs, and economic growth in this country; accounting for two-thirds of net new jobs in the US.

 

As angel investors, we each write individual checks to the companies that we invest in. This economic crisis has also affected our businesses and our cashflow. We have weathered several economic crises in our 20 years as angel investors, investing $90M in over 230 companies. We believe in the resilience of our community and the entrepreneurs who are building this economy. The next few months and even years will not be easy, but we will continue to support our founders and the companies that we invest in.

 

In that spirit, we are sharing these resources to help you access support for surviving this crisis. We will continue to share resources and mentorship as it evolves.

 

Please check back on this blog as we update our resource list daily.

 

The Small Business Owner’s Guide to the CARES Act

https://www.angelcapitalassociation.org/data/Documents/Public%20Policy/The_Small_Business_Owner_s_Guide_to_the_CARES_Act.pdf?rev=E169

 

3/30/20 WEBINAR-Zero-percent interest, low-interest, and disaster loans for California small business owners

https://app.livestorm.co/small-business-majority/no-interest-and-low-interest-and-disaster-loans-for-california-small-business-owners?utm_source=Livestorm+company+page

 

US Small Business Administration

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources  

 

SBA Slidedeck with detailed information on application process

https://drive.google.com/file/d/1J47h4XGetro7pCWAyX7bprLOXNXmihmy/view

 

H.R. 6201 Families First Corona Virus Response Act

https://www.congress.gov/bill/116th-congress/house-bill/6201/text

https://www.natlawreview.com/article/hr-6201-families-first-coronavirus-response-act

 

LA Mayor's office

https://www.lamayor.org/mayor-garcetti-announces-economic-relief-package-small-businesses-impacted-novel-coronavirus  

https://ewddlacity.com/index.php/microloan-program?fbclid=IwAR1XlTaaA1UGdsC06_ugu-7MfP8YZy1koGJjlOojHJoSGLEogmAd3EDMZBY   

 

Los Angeles County Economic Development Corporation

https://laedc.org/coronavirus/  

 

Federal & California State Benefits Resources

U.S. Department of Labor- https://www.dol.gov/coronavirus

California- https://edd.ca.gov/about_edd/coronavirus-2019.htm

 

California State Treasurer Fiona Ma's Small Business Resource List- https://bit.ly/2y1rSP5
 

Facebook $100M Small Business Grants

https://www.facebook.com/business/boost/resource?ref=alias

 

A crowdsourced resource list from JetBlue Ventures

https://docs.google.com/document/d/1Ph_v-xT_mtUO6ALsvlOSRtqyJC6BEyMY_WB9SrF5XPI/mobilebasic  

 

March 26th with Bixel ExchangeTech SBDC & Grid110 for startup communityVirtual Coworking Day

March 23rd-Entrepreneurs Impact Summit-https://bit.ly/impactsummitlaci

 

Techstars webinar for female founders- https://www.crowdcast.io/e/ts_funded_fearless/register

 

Resources for consumer products founders from Apothekary CEO, Kizu Okusa

https://lnkd.in/eU9Th28

 

A comprehensive guide from Grasshopper Bank

https://www.grasshopper.bank/resourceguide/

 

For Founders still raising funds- Laurent Grill of Luma Launch is compiling  a list of companies & investors/fund still investing- https://bit.ly/33GNax4

https://dot.la/here-are-the-192-investors-still-writing-checks-during-coronavirus-2645576980.html

 

Former Zillow CEO Spencer Rascoff on surviving 2 recessions

https://dot.la/how-to-layoff-spencer-rascoff-2645516447.html

 

And finally, the Sequoia Capital post that is valuable reading.

https://medium.com/sequoia-capital/coronavirus-the-black-swan-of-2020-7c72bdeb9753  

 

We are all in this together. "We will either find a way, or make one." Anibal Barca

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