Ellen Rudnick
Executive director, Michael P. Polsky Center for Entrepreneurship, University of Chicago
Prescription: Incentivize banks to make loans and create a fund for late-stage VC firms.
"For the banks that work with the SBA, there should be more incentives from the government so that they will be willing to make the loans.
Right now VC firms are putting more money into their portfolios instead of expanding them, in order to keep their current companies afloat. So the SBA can start a new program for these later-stage VC companies that need money.
When things get tough, they should be able to pay bills later and other immediate helpful measures to keep cash flow going until their customer is able to pay them, or whatever the case may be. The SBA should help these later-stage companies that have revenue but have short-term needs."
NEXT: Asher Epstein
Prescription: Incentivize banks to make loans and create a fund for late-stage VC firms.
"For the banks that work with the SBA, there should be more incentives from the government so that they will be willing to make the loans.
Right now VC firms are putting more money into their portfolios instead of expanding them, in order to keep their current companies afloat. So the SBA can start a new program for these later-stage VC companies that need money.
When things get tough, they should be able to pay bills later and other immediate helpful measures to keep cash flow going until their customer is able to pay them, or whatever the case may be. The SBA should help these later-stage companies that have revenue but have short-term needs."
NEXT: Asher Epstein
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