Join BI PrimeSome of the biggest tech startups in the UK are demanding better access to financial support from the government, as the coronavirus pandemic threatens to put fledgling firms out of business.
They warned that they and other bigger startups had prioritized growth over profitability. With a likely economic freeze on the horizon, their revenue is now at risk and funding may be tough to come by. "These are companies that are committing investment to innovation and topline growth," he said. "And many, although not all, will become the future scale-ups in this country."
Suzanne Dibble, a legal expert and one-time lawyer for Richard Branson, agreed the scheme could be made more accessible. "An increased favorable tax position for investors could stimulate activity," Rodgerson told Business Insider. "This will give businesses vital breathing space by widening the scope to raise new funds from friends, family and other existing investors," he said. A convertible loan is a short-term debt that eventually converts into equity, usually during a later investment round., said such loans could provide a "route forward" for struggling firms.
"In the current crisis, the government could look to give qualifying companies a line of credit reflecting an average of their last three years' tax credit amount," she said.
3 years into my startup with real revenue of the US government loan rescue program is a distant and unattainable vision.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus updates: Trump considered letting coronavirus 'wash over' US - Business Insider[Thread] 👇 UK Prime Minister Boris Johnson was discharged from the hospital Sunday morning after spending several days in the ICU being treated for COVID-19. Follow along for live updates on the latest coronavirus news around the globe. Great news he can get back to killing UK PM BorisJohnson leaves hospital after that he said HydroxyChloroquine saved My life..Covid_19
Source: BusinessInsider - 🏆 729. / 51 Read more »
Support independent hotels, save money during the coronavirus outbreak - Business InsiderTravelers can buy credits for boutique hotels affected by coronavirus shutdowns and redeem them for a higher value later, when it's safe to travel. A real gamble for anybody that tosses money onto the table then returns to find out the table is gone.... africaupdates The link to that story is bogus. Redirects to a 404 error on pulseliveKETV ❣️ Tulum
Source: BusinessInsider - 🏆 729. / 51 Read more »
55% of Americans now say the US government was not prepared for coronavirus - Business InsiderA majority of Americans (55%) now say the US government was not prepared for the coronavirus pandemic, according to a new thisisinsider poll. thisisinsider You and VOA are aligned on this issue with CCP. VOANews W7VOA Not a surprise. thisisinsider Yet “no one knows coronavirus more than him” as a matter of fact, “coronavirus said its relationship with trump is so great, it has never seen such with anyone else before” thisisinsider Reason: Donald J. Trump.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronavirus should reshape US government, American worker relationship - Business InsiderOpinion | The coronavirus shows it's time to reshape the relationship between the US government and American workers. By DanielAlpert. DanielAlpert Tim Brooke-Taylor has died at the age of 79 with coronavirus COVIDー19 The entertainer, best known for The Goodies and I'm Sorry I Haven't A Clue, died on Sunday. DanielAlpert FACTS
Source: BusinessInsider - 🏆 729. / 51 Read more »