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The $349 billion aid package issued by the US Government and distributed in the form of SBA loans was quickly gobbled up by a large number of applications, many of which were from venture-backed or PE-backed startups. Source: NVCA , “Startup Ecosystem Faces Capital Crunch over Coming Months” USA – SBA Loans and PPP.
Version One has made only one investment in the region ( Headout , a fast growing marketplace for travel experiences) and I had written a small LP cheque into an emerging fund manager ( 1947 Rise , run by the awesome Shiva Sangwan ). I had only a few connections in India before this trip.
Here he found out that every kid in Uruguay is given a free laptop by the government – (for me it’s a bit like western countries giving all kids a free public education some 200 years ago and that’s why they currently lead the developed world). The government is using the shift to technology economies as their chance to reinvent.
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