Analysis: 45+ startups received COVID-19 PPP loans and went on to raise hundreds of millions each by going public; PitchBook says $4B went to VC-backed startups (Heather Somerville/Wall Street Journal)

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Heather Somerville / Wall Street Journal:
Analysis: 45+ startups received COVID-19 PPP loans and went on to raise hundreds of millions each by going public; PitchBook says $4B went to VC-backed startups  —  Turnabout prompts disagreement among investors, executives over whether government loans should be repaid

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