Persevering through the Covid-19 crisis- for founders and CEOs
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
3/30/20 WEBINAR-Zero-percent interest, low-interest, and disaster loans for California small business owners
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
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 community- Virtual 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
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
