Venture Firms Say They Didn’t Seek Bailouts Despite What Data Show
- The SBA collected data from applications submitted by lenders
- One company in Andreessen Horowitz’s portfolio got a PPP loan
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Representatives of several venture capital firms that were listed as small-business bailout recipients in federal data Monday say they didn’t apply for the program or get any of its funding.
Andreessen Horowitz, Index Ventures, Foundation Capital and Advent Capital Management are among the firms saying they didn’t seek Paycheck Protection Program loans, despite data released Monday showing they were approved among almost 4.9 million loans totaling $521.5 billion.