Rapid Response: Relief funding & crowdfunding in a crisis w/Karen Cahn of IFundWomen

Masters of Scale

WaitWhat

Entrepreneurship, Business, Management, Reid Hoffman, Mindset, Diversity & Inclusion, Jeff Berman, Bob Safian, Startups

4.6 • 4.4K Ratings

🗓️ 4 April 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

What are your options for emergency funding in the US? Can you use the U.S. CARES Act to get financial assistance? Should you consider crowdfunding? We talk to Karen Cahn, CEO of IFundWomen, about what you need to know. Who qualifies for the forgivable and traditional loans within this $2.2 trillion stimulus package? Do you have to apply today? How much money could you get? And is a loan a good idea? Karen gives us the details – and makes the case that now is the best time to crowdfund. Hosted by editor-at-large Bob Safian.

Learn what IFW is doing to help entrepreneurs during COVID: ifundwomen.com/covid-19

Read a transcript of this episode: https://mastersofscale.com/rapidresponse/

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Transcript

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0:00.0	We're all in the same boat.
0:03.4	We all want to retain our employees and grow our businesses.
0:07.3	This couldn't have happened in a worse time.
0:09.3	And this is just awful for everyone.
0:12.3	A lot of entrepreneurs, both men and women, are really grieving.
0:16.8	They're grieving for their plans that are lost both personally and professionally.
0:22.8	The bill is three months and almost four hundred billion dollars in capital to be deployed.
0:28.4	This is unprecedented. It's definitely the largest stimulus bill for Main Street
0:33.7	in the history of the United States. That's a fact.
0:37.2	All of the entrepreneurs that are coming on iPhone women and they are raising cash.
0:42.5	I watch the transactions happen by the second and people are being super generous.
0:48.2	That's what gives me life.
0:51.6	Hey listeners, it's Reed. We're continuing our special coverage today with an episode
0:56.4	all about relief funding and crowdfunding in a crisis.
1:00.0	We rush to bring you this episode on a Saturday because we know how urgent this is for so many of you.
1:05.9	We're joined by Karen Khan, founder and CEO of iPhone Women.
1:10.4	It's her second time on the show and she's going to walk us through the stimulus package in the US.
1:15.9	Who qualifies when you have to apply and when alone is a good idea?
1:20.8	Karen will also make the case that right now is a great time to crowd fund.
1:26.7	I'm going to hand it off to our editor-in-chief Bob Safian who is previously
1:31.2	editor-in-chief at Fast Company. Bob, you've become a familiar and a welcome voice on the podcast.
1:49.8	Hey listeners, it's Tucker LaGurzki, a staff writer on Masters of Scale.
	...

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