Monthly Archives: April 2020

Start pivoting now to create additional revenue streams.

How Hackers Take Advantage of a Crisis

by Brook Zimmatore • April 20, 2020 • 0 Comments

The threats are real, especially in today’s climate.

Facebook Expands Coronavirus Symptom Survey Globally

by Adam Smith • April 20, 2020 • 0 Comments

The social media giant is working with Carnegie Mellon University to track the spread of COVID-19, and the company says the data correlates with publicly-available figures.

FBI Sees Cybercrime Reports Increase Fourfold During COVID-19 Outbreak

by Rachel England • April 20, 2020 • 0 Comments

The FBI says hackers have a special interest in COVID-19 research.

Fight for Your Franchise Challenge, Week 3: Building Your Tribe

by Rick Grossmann • April 20, 2020 • 0 Comments

Be a decisive and rewarding leader, and you can get through anything.

How I (Almost) Doubled My Productivity While Working From Home

by Successful IBO • April 20, 2020 • 0 Comments

Stop thinking about how much you expect to accomplish, and start being realistic about how long it will take.

Future Fund – government tech start-up bailout scheme how it works

by Timothy Adler • April 20, 2020 • 0 Comments

Originally written by Timothy Adler on Small Business

UPDATED: The government has announced its £250m Future Fund tech start-up bailout scheme to help innovative companies get through the coronavirus pandemic.

The widely anticipated Future Fund will issue convertible loans between £125,000 to £5m to innovative companies that are facing financing difficulties due to the Covid-19 outbreak. These loans will have to be matched by private investors.
>See also: Government eyes taking equity stakes in tech start-ups
These loans will be for three years and will be charged at an interest rate of 8 per cent.

Crucially, the government could end up owning half of some of Britain’s fastest-growing tech businesses. Future Fund loans may convert to equity at a discount of at least 20 per cent when companies undergo their next funding round.

This scheme will launch in May 2020, which may be too late for some start-ups reliant on investors to survive. Investment through government tax schemes such as the Enterprise Investment Scheme has dropped by 70 per cent this year.

Chancellor Rishi Sunak has charged British Business Bank with delivering the Future Fund.
See also: How do I apply for a Coronavirus Business Interruption Loan?
The news will go some way to allaying tech start-up fears that