Hey, welcome back at startup basics. You know what we do here at startup basics. We try to give you the advice, the knowledge, the detail work that you're going to have to do for your startup. We've asked a bunch of our partners that we work with as

one of the most active investors in Silicon Valley. We asked some of our partners, Wilson,

Cancini, Cruz Consulting, to help us explain these basic issues.

And the reason I'm doing this quite honestly is very selfish.

I want to have videos I can point to so that when founders ask me questions, I can say,

just go watch this video.

And one of the things I am getting absolutely crushed by,

and Scott Orrin is with us here, he's from Cruz Consulting.

You can go to Cruise Consulting.com slash Twist,

and they're available to talk to you.

They do a great job. they work with a number of our

customer a number of our investments super human calm density among those one of the things I'm

getting is a lot of questions about the PPP grants that people got over the last year and related to taxes.

Tell us a bit about why this issue is such an acute issue right now.

Yeah, thanks, Jason. So on PPP, I mean, if we all kind of transport ourselves back to March of 2020,

it was a pretty scary time in the start of ecosystem. Like, money had been flowing,

things are going well, all of a sudden, like someone grabbed the

emergency break and the car skidded to a stop.

And I'll never forget, like it was such a scary time for a lot of founders.

There's so many founders who are about to raise money,

but hadn't quite gone out.

Then you have the founders who had just closed around,

...