6min chapter

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Shutdowns, Stimulus Measures, & Small Businesses

a16z Live

CHAPTER

Is There Fraud in the Economy?

The way that people are going to stay employed is this money will get diverted small business who will have to keep employing them. I'm sure you saw this footing in europe where, you know, actually, it turns out that even many european countries are much older than the us. Their intstructure for dealing with and giving money to businesses is much, much better. And i think we had a really a unusual situation in that at square, we had the smallest businesses on the system when we clearly did the smallest loans of anyone in the programme. So if one company were have an unusually positive experience with regard to fraud, it would be square. But speed mattered more than anything

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