SBA LOANS & FINANCIAL RELIEF GUIDANCE

  • On April 2, the U.S. Small Business Administration (SBA) released its final form of application for Payroll Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act)). 
  • Linked here is the official page from the SBA with COVID-19 guidance and loan resources.
    • Linked here is guidance on the SBA’s size program and affiliation rules.
    • Linked here is guidance on affiliation.
  • Silicon Valley Bank announced its COVID-19 response and community support program which includes debt relief, a response fund, and several other resources. (March 30)
  • The National Venture Capital Association published guidance on the application and affiliation for the PPP Loan Program (April 6) as well as guidance for how companies can navigate the SBA lending process and affiliation rules (March 27).
  • Feld Thoughts also put together a simplified version of the PPP loan estimator. 
  • Gusto compiled a comprehensive list of federal and state government relief resources for SMBs.
  • SeedInvest posted a blog to help startups navigate the noise and tackle the unique financing challenges imposed by the economic shutdown. (April 11)
  • Lew’s List, High Plains and Foundry Group partnered together to launch the COVID-19 Finance Assistance Network – a group of experienced CFOs, controllers and other finance professionals to help small businesses navigate through the crisis. It’s a free service (people are volunteering their time to help out). 
  • Hello Alice launched its COVID-19 Business Resource Center which is updated daily with real-world funding, resources, and support for small business owners adapting to the impacts of coronavirus.
  • As part of the Industrious COVID-19 response program, it compiled a list of resources to help businesses navigate assistance programs that may be available to them. (March 27)
  • Corigin Ventures aggregated the most relevant options and need-to-know terms for financial support in the U.S. during this time. (March 31)
  • Pilot compiled a helpful set of finance/accounting focused resources to help startups secure their financial position in a challenging market. Pilot specializes in bookkeeping, tax preparation, and CFO services for startups and small businesses.
  • Here is a public crowdsourced Google document of government assistance available to startups in Europe.
  • Excelerate America created a funding finder to locate COVID-19 relief programs for businesses in your area. 

LAYOFF AND TALENT RESOURCES

  • If you’ve been impacted by layoffs due to COVID-19, here are resources to turn to:
  • Go Coach is offering free coaching for those who have been laid off or furloughed due to COVID-19. Simply fill out the form at the bottom of their page. 
  • Torch Capital is connecting talent affected by layoffs due to Coronavirus, with employers looking to hire.
  • Candor Cofounder David Chouinard compiled a list of companies freezing hiring or doing layoffs (and those that are still hiring).
  • Andreessen Horowitz published guidance on planning and managing layoffs. (March 31)
  • RRE Ventures compiled various resources and notes around executing layoffs.
  • Linked is a reduction in force toolkit, purpose-built for startups facing the necessity of layoffs as a result of the COVID-19 crisis. This includes templates such as separation agreements, communications, logistics plans, manager training, selection scoring, etc. (March 25)
  • Modern Day Jobs curated a list of 100 ways to make money online.

VENTURE CAPITAL INDUSTRY INSIGHTS

  • DNX Ventures published thoughts on what the global financial crisis can teach us about raising venture capital in the COVID-19 Crisis. (April 29)
  • Elad Gil lays out how startups can best be on the offensive and defensive during a recession in his latest blog post. (May 1)
  • Marc Andreessen published a call to action: “It’s Time To Build.” (April 18)
  • Benedict Evans analyzed how COVID-19 has created a “forced experiment.” (April 13) 
  • Mary Meeker and the Bond Capital leadership team published a coronavirus trends report. (April 17)
  • NFX released its VC & Founder Sentiment Survey — an ongoing initiative to track how early-stage investors and founders are reacting to the COVID-19 crisis. (April 3)
  • Madrona Ventures’ Daniel Li published an analysis of how COVID-19 will impact startup valuations. (April 2)
  • Andreessen Horowitz’s Kristina Shen and Kimberly Tan examined how SaaS businesses weathered the 2008 economic crisis  to help SaaS companies know where to focus in hard times. (April 7)
  • AlleyCorp’s Kim Patel aggregated helpful tactics to get through this time, including external sources from various communities. These are simplified “cheat sheets” that hopefully will help.
  • First Round Review published a COVID-19 response resource hub for startups that includes First Round’s original Scenario Response Planner, hiring support for candidates and companies, recommended articles, videos, and more. The firm also published a tactical guide to maintaining emotional health during a crisis and a thought piece regarding how to cut through the noise of advice. 
  • 10 global and local private equity and venture capitalist firms — including Accel, Lightspeed, Sequoia Capital, Bessemer, and Matrix Partners — pooled knowledge and best practices from across the startup ecosystem on how to deal with the crisis at hand. (March 31)
  • Upfront Ventures‘ Mark Suster put together a deck addressing funding in the time of coronavirus (March 6) and discussed how hard decisions require empathy. (April 1) He also shared his thoughts on the current market in a recent podcast episode. (April 20)
  • The National Venture Capital Association shared its advocacy plan for policies that will help the startup ecosystem navigate the crisis. 
  • Sequoia Capital‘s letter offers practical questions for consideration regarding business continuity planning. (March 5) The VC also shared a framework to help startups think through the various possible runway scenarios and strategies during this lockdown. (March 20)
  • Y Combinator says it will fast-track a handful of promising COVID-19 startups through its application process and fund them immediately. (March 25) The fund’s Anu Hariharan also shared some tips for late stage companies with high burn and/ or were planning for a fundraise later this year. (March 24)
  • Andreessen Horowitz conglomerated a list of coronavirus resources, which includes tracker and data visualizations as well as links to the top journalists covering the current state. (March 8) The VC also shared a reading list for leaders in uncertain times. (March 20)
  • Venture Capitalist Fred Wilson reiterates that VCs are still open for business in a recent blog. (April 20)
  • David Kelnar of Numis Growth Capital Solutions discusses what’s next for private markets. (April 19)
  • Crunchbase compiled some resources to help startups and businesses as they chart a new course forward. (March 27)
  • DLA Piper recorded a webinar which discusses the prudential issues being considered by investors in seeking assistance under the CARES Act, as well as the first results of Global Corporate Venturing’s COVID-19 Survey. 
  • Linked here is a list of European investors and their current statuses around accepting pitches and actively investing.
  • Techstars’ compiled — and will continue to update — an extensive database of the latest resources and advice to help support startups through this time. Managing Director Alex Iskold also published a piece in AlleyWatch with six scenarios for raising capital amidst the growing uncertainty. (March 12)
  • LionBird General Partner Yuval Ariav shared his thoughts about venture capital during the time of coronavirus. (March 29)
  • Clean Energy Ventures, along with a group of other sustainability focused VCs, published an open letter with their commitment to invest actively now and in the coming months. (April 6)
  • DLA Piper created a Resource Center to track the international legal implications of coronavirus.
  • Almanac published a COVID-19 company playbook, which includes templates and guidance from 100+ contributors at top companies about what they’re currently doing, along with research and resources from CDC, WHO, Harvard Health Publishing, and Johns Hopkins. (March 16)
  • Boston Consulting Group assembled a comprehensive rapid response checklist for businesses.
  • Republic aggregated a whole bunch of best practices for startups and small businesses navigating this time. 
  • Pillar VC’s Sarah Hodges shared insights into leaders’ critical opportunities to help ease uncertainty with clear and consistent communication. (April 2)
  • Canvas Ventures’ Grace Isford brainstormed ways venture investors can work together to solve some of the problems brought to light by COVID-19. (March 30)
  • Lightspeed’s Alex Taussig wrote about what it means to lead well during a crisis. (March 23)
  • Foundry Group’s Seth Levine published thoughts about job hunting in the midst of a crisis. (March 25)
  • NFX’s Pete Flint outlined 28 critical elements of how founders should manage a crisis. (March 23)
  • Stride VC Founder Fred Destin tweeted his thoughts on how he thinks about the pandemic from a fund standpoint. (March 27)
  • Primary Venture Partners’ Cassie Young published considerations for SaaS leaders in the era of COVID-19. (April 7) The fund’s Jackie Wasilczyk published an overview of how their portfolio companies are responding to COVID-19 and also developed a communications checklist for startups during this time. (March 17)
  • Foundation Capital assembled a crowdsourced resource guide covering everything from medical guidance, remote work tips, and ideas to stay occupied in your spare time at home. 
  • Highline Beta published seven recommendations for startups on what to do in this COVID-19 crisis. (March 20)
  • Serena Capital publicized the stress scenarios it designed for SaaS companies facing COVID-19 to work on, including an excel template. (March 20) While you’re at it, Serena Capital’s blog has a lot of other helpful insights and actionable resources for startups during this challenging time.
  • Sapphire Ventures’ Elizabeth Clarkson discussed on Twitter how Covid-19 will impact the VC fundraising environment. (March 16)
  • Work Life Ventures’ Brianne Kimmel published five lessons from Tandem, a virtual office for remote teams, on raising a $7.5M seed round and “rising to the occasion in uncertain times.” (March 15)
  • Northzone VC collected a whole bunch of U.S. resources and new policies for small business founders/owners and their employees affected by COVID-19.
  • Newark Venture Partners provided guidance for founders during the coronavirus pandemic. (March 16)
  • The Stripes team compiled all the ways their portfolio companies are coming together and prioritizing aiding others in this unprecedented time. (March 20)
  • Pitchbook published a note assessing what’s in store for PE and VC firms in the wake of recent market volatility and an impending economic slowdown. (March 16)
  • An investor at Charge Venture Capital compiled a list of 11 ways coronavirus will change our lives. (March 17)
  • Pear Ventures published an open letter to founders gearing up for the new economy titled: “The Founder’s Survival Guide in the Time of COVID-19.” (March 14)
  • Tech:NYC created a COVID-19 guide for its startups, with applicable resources whether or not your business is NYC-based, and is updating it on an ongoing basis.
  • Haystack’s Semil Shah developed a guide to startup fundraising through the end of 2020 (March 8); a post for startup founders to better understand how investors and VC firms are adjusting to this new world (March 21); and thoughts on portfolio triage in a pandemic (March 30).
  • Drive Capital broke down eight steps startups should take to survive the coronavirus crisis. (March 17)
  • CoinShares’ Meltem Demirors shared this guidance with the firm’s portfolio companies following the outbreak. (March 17)
  • London-based CEO coach and angel investor Dave Bailey counseled on what to do if your startup is running out of funding. (March 25)
  • CBInsights published a research report on how coronavirus could impact startup funding. (March 17)
  • Angular Ventures offers a guide for early-stage enterprise technology companies. (March 13)
  • Redpoint’s Tomasz Tunguz analyzed what the venture market might look like in the coronavirus era (March 12); estimated the impact to growth rates during this challenging time (March 16); collected a list of disciplines that are going to become very important in the next period (March 20); and pondered what this crisis will accelerate in ecosystems (March 25).
  • Electric Capital’s founder posted his ‘lessons learned’ from running a startup through 2008 in a Twitter thread. (March 12)
  • Work-Bench’s Jonathan Lehr provides tips to enterprise startups on how to navigate their relationship with prospective buyers. (March 12) The company also pulled together the top resources, guides, and articles around enterprise sales during both the COVID-19 and previous downturns.  
  • A group of organizations developed a crowdsourced collection of resources for HR and business leaders to help inform and support Coronavirus response plans. There’s also a crowdsourced document for startups to lay out operations, policy, and strategy, and another to help startups and small businesses plan
  • Flybridge provided advice to its CEOs and founders to “hope for the best and plan for the worst.” (March 13)
  • Rho Business Banking compiled a list of resources that they found useful to companies that are tightening operations and trying to stay optimistic as they work through the crisis. (March 18)
  • German Angel Investor Feliks Eyser shared a coronavirus crisis checklist for startup CEOs. (March 16)
  • Voyager HQ provided advice to startups regarding how to survive the coronavirus as a travel startup. (March 13)
  • Angular Ventures’ Gil Dibner published a blog post with “straight talk” on VC fundraising during the age of coronavirus. (March 24)
  • Dror Futter advises startups to “expect the unexpected”with their contract partners in his recent article. (March 4)
  • The Rise Journey developed a guide “to support you as you gather your thoughts, get organized, and find the resources you need” as we operate during this time of stress and uncertainty. (March 17)
  • Pitchbook published an analyst note assessing what’s in store for PE and VC firms in the wake of recent market volatility and an impending economic slowdown. (March 16)
  • btov Partners Associate Jennifer Phan shares her thoughts on how startups can help in times of social distancing. (March 17)
  • Trinity Ventures’ Karan Mehandru wrote a piece for Forbes detailing five strategies to help your startup find its ‘new normal.’ (March 16)
  • Women 2.0 published a post on how to manage cash flow in uncertain times. (March 20)
  • Yought co-founder Richard Liu shared thoughts on what happens to startups in a recession. (March 10)
  • Maren Bannon, co-founder of Jane Venture Capital tweeted her tips on how to virtually pitch a VC. (March 12)
  • Bain and Company published recommendations for how CEOs should respond to coronavirus. (March 13)
  • Emergence offers advice to enterprise software leaders to weather the storm. (March 16)
  • Venture capital advisor Samir Kaji details what startups should expect when fundraising in 2020. (March 8) 
  • Crowdfund Capital Advisors’ Sherwood Neiss published thoughts on how regulation crowdfunding stood up to the first weeks of coronavirus – almost opposite of the public markets. (March 20)
  • Ascent Strategy’s Sophia Sunwoo shared perspective for startups on what to do next during a pandemic – sell or pause the business? (March 19)
  • Consulting firm Travel Singularity is maintaining ongoing updates on how coronavirus is impacting the hospitality industry. 
  • Dorm Room Fund assembled a guide for running a startup in uncertain times. 

STARTUP COMMUNITY INSIGHTS

  • Ryan Caldbeck – CEO and cofounder of Circle Up – shared thoughts on Twitter about cultural challenges for CEOs during COVID19. (May 1)
  • Banzai published a guide to turning in-person conferences and events to virtual ones.
  • Eden published a 12-point plan for workplace re-entry as shelter in place restrictions begin to lift. (April 29) 
  • Fuel Capital’s Leah Solivan discussed six lessons from building a business in a downturn, based on her experience running TaskRabbit. (April 20)
  • Comcast Ventures compiled a list of tools to help startups respond to the needs of their employees and consumers during the COVID-19 crisis.
  • Steve Blank published thoughts on how to keep your company alive during this time by observing, orienting, deciding, and acting (April 1) and wrote a blog detailing a virus survival strategy for startups. (March 17)
  • Fundera launched a Small Business Relief Hub which included information on obtaining emergency financing, explainers on impactful legislation, and articles detailing how to assist a business closeby. Fundera’s Eric Goldschein also discussed how businesses can negotiate with lenders and suppliers during the coronavirus outbreak.
  • Cleo Capital compiled a list of resources for startups and small businesses to survive COVID-19’s economic impact. It includes information on grants, funding opportunities, relief programs, and more. 
  • Notion’s CEO published a letter with advice to limit the spread of illness and proactively communicate with your teams.
  • Bob Moore has built three startups in 2008, 2016, and 2018. He offers his advice to others on resiliency in First Round Review. (March 17)
  • FounderSuite’s Nathan Beckord discussed raising capital in a turbulent market and outlined four tactics founders can do now to make the most of the situation. (March 12)
  • SplashThat’s Brian Rogers provided tips on moving a live event to a virtual one.
  • Lenny Rachitsky consolidated a bunch of the best advice he’s found for navigating your business through this crisis. 
  • Bizly’s CEO Ron Shah published his thoughts on surviving the COVID-19 crisis as a founder. How do you keep composure when nothing is certain? (April 6) The company’s Chief Strategy Officer Kevin Iwamoto provides advice on managing travel before, during, and after a crisis. (March 18)
  • Winnie CEO and Co-founder Sara Mauskopf shared thoughts in Inc. about how startups can immediately cut spending. (March 10)
  • DocSend developed a Startup Index that tracks investor interest and engagement in pitch decks from entrepreneurs who are currently out fundraising.
  • Beautystack Founder Sharmadean Reid shared insight into what seven days of COVID-19 was like as an early-stage founder and gave suggestions on how to survive the coming weeks. (March 15)
  • ClimaCell created an environmental resource data center to better understand the connection between environmental variables and the spread of COVID-19.

TIPS AND TOOLS FOR WORKING REMOTELY

  • Madrona developed a toolkit for reopening the office and getting back to work. It was created alongside the Seattle Venture Community, Leading Tech, Retail and Aerospace Companies in the Region and the Seattle Metropolitan and Bellevue Chambers of Commerce.
  • Y Combinator compiled advice from alumni on managing remote teams, including links to many playbooks and other resources. (March 27)
  • ZX Ventures developed a guide to onboarding new hires during this time where everyone is working remotely. (March 18)
  • B Capital Group’s Christiaan Ballard shared best practices to help manage a fully remote interview process without compromising on quality or hiring goals. (March 23)
  • Homebrew’s Beth Scheer and M13’s Matt Hoffman published a guide of best practices for remote hiring.
  • NerdWallet VP of Content Maggie Leung shared tactical tips and key takeaways from leading a large remote team. (April 2)
  • For the past four years, LifeLabs Learning has studied what makes great remote teams and employees stand out. They put together this guide with all their learnings.
  • Real Ventures shares tips on how to keep your team engaged and positive in turbulent times. (March 17)
  • Zapier publishes a very comprehensive and detailed guide to working remotely, including how to quickly transition to managing and growing remote teams.
  • Notion created a central hub for many helpful resources on remote work – from tips to articles to company policies. 
  • Dropbox‘s guide to prepare for distributed work through collaboration tools. (March 10)
  • LocalGlobe and Latitude aggregated a lot of best practices of working remotely and digitally.
  • Andreas Klinger runs Remote-First Capital and has been building remote teams and optimizing remote work since 2014. Here is his framework for managing remote teams and tactical templates to help you apply it. (March 19)
  • Connect Ventures’ Keji Mustapha crowdsourced learnings, ideas and suggestions from People & Talent leads on how they’re managing team morale, maintaining the company culture and injecting some fun now that their teams are fully remote. (March 25)
  • Udemy is providing free tutorials on best practices for working remotely.
  • People & Company published a blog post describing how companies can create a sense of community and bring people together meaningfully if in-person is out of the question. (March 18)
  • RRE Ventures shared a guide with suggestions and resources to help navigate the sudden transition to remote work that most are facing. 
  • In a blog post about the impacts of video conferencing, WellSpring includes a great list of the top startups in the video conferencing and virtual collaboration space to utilize during this time. (March 17)
  • Black & Brown Foundersguide to effectively set expectations for remote teams.
  • Ness Labs guide to staying healthy and productive while working from home. (March 6)
  • Five lessons from Mapillary to capitalize on remote work, written by Dawn’s Capital Sarah Nockel. (November 29, 2019)
  • GGV Capital Principal Robin Li published a “survival kit” for working from home during this new norm. (March 17)
  • Mailchimp’s Sarah Milstein provided 29 tips for very effective remote managers and workers. (March 12)
  • Owl Ventures put together a list of resources for educators, parents and universities to support online / at-home learning. 
  • Gladly, a modern omnichannel customer service platform, developed a checklist with advice on how to build a remote customer service team.
  • Redeam, a tours and operators startup, shared tips on how to productively work from home, collected from folks on their team who work from home permanently. (March 18)
  • ftw.nyc conglomerated a list of collaboration tools to mobilize your remote workforce. 
  • Morning Brew published a guide to “living your best quarantined life.” (March 16)
  • The Next Web offers advice as to how they’re handling coronavirus with their workforce. (March 12)
  • Front App outlined 25 things they’ve implemented to keep a great culture while being remote. (April 1)
  • IdeaWake, a Milwaukee-based startup offering idea management SaaS, offered up tips for employees and leaders to have successful, productive remote work days. (March 17)
  • Atrium HQ developed a guide for how sales teams can best transition to and manage working from home.
  • The university recruiting community, URx, has created resources for university recruiting teams in response to COVID-19, including a status update on program cancellations across the US.
  • Consulting firm Winning By Design developed a video series on YouTube with guidance on how to coach your remote team.

RELIEF RESOURCES AND PROGRAMS

  • The U.S. Air Force has taken the lead in distributing $3B in Department of Defense funds and an additional $100M in Small Business Innovation Research funds. Their areas of focus are combating the spread of COVID-19, human welfare, preparedness, logistics, medical, and industrial base impacts. Apply here to be considered. 
  • SAP.iO is offering some innovative solutions from their portfolio to help businesses succeed amid COVID-19. (April 1)
  • Facebook is offering $100M in cash grants to small businesses. 
  • Mozilla launched a COVID-19 Solutions Fund as part of the Mozilla Open Source Support Program. The fund will provide awards of up to $50K each to open source technology projects which are responding to the COVID-19 pandemic in some way. (March 31) 
  • Tropic compiled a list of software companies that are offering special pricing during this time.
  • Google is offering free credits on Google Ads for SMBs in addition to free Google Cloud credits for academic institutions. (March 27) The company also published a list of resources to help small businesses manage through uncertainty.
  • Typeform is offering 3 months free on the premium plan of its simple, interactive, and seriously beautiful form-generating tool to help them collect and organise the information they need.  
  • DLA Piper developed a global repository of insights, events, and contacts to provide direction during these difficult times.
  • Industrious put together an ongoing list of coronavirus resources for businesses by state. 
  • AirTable has made Airtable Pro plans available for free—with no time limit—to any non-political humanitarian groups working on COVID-19 relief efforts
  • Yelp is adding a collection of new features aimed at helping local restaurants and businesses that are struggling due to COVID-19.
  • Clara – a digital mental health platform – is providing three months of complimentary access.
  • Cisco is expanding access for a free WebEx platform, plus free 90-day licenses are available to businesses that are not Webex customers.
  • For those in the healthcare, hospitality, travel and entertainment industries, Snyk is providing six months of application security solutions for free.
  • Intern From Home is a free platform that provides an opportunity for startups to offer project-specific virtual internships to highly skilled college students. Startups receive the top 5 candidate applications within 24 hours. Students can sign up for the platform here.
  • Minim is providing four months of free service to remote workers. 
  • Air is offering a 30-day free trial of its visual workspace to newly remote teams. 
  • IdeaWake is offering a free demo of its platform to help you be as productive and innovative as you can while working virtually.
  • Thinkific offers a full-featured free plan to move training or classes online.
  • For any nonprofit fighting the COVID-19 outbreak, Monday.com is offering free and complete access to its platform.
  • Gnowbe is providing a free online Infection Control and Prevention 101 webinar designed to equip and update the public with the knowledge and skills in infection control and prevention.
  • Carrot Fertility has launched an online resource and a series of webinars with medical experts to answer questions about COVID-19 and how it might impact fertility decisions. The startup has also opened our doors to non-members – its team of fertility experts will respond to emails from anyone who has a question with whatever spare capacity is available.

This guide is the work of collaboration across many people, teams, SMBs, and researchers. As new information comes to light, we will update this content. Our hope is that this guide serves as a one stop shop for helping you understand how to run your business remotely during Covid19 and beyond. Urban US played a key role in helping aggregate many of the links.