For VC-backed startups, the PPP Loan program is still a minefield. Rumors that Mnuchin was going to fix the Affiliate Rule didn't materialize. @nvca published a list of the problem areas. 
2/ There are rumors that the PPP Loan program may still fix the Affiliate Rule next week. Until fixed, it's nearly impossible for most VC-backed startups to apply because it would require huge legal lift to amend all of the charters of these companies to change control provisions
3/ The biggest problem the gov't introduced is announcing that applications would be honored on a "first-come, first-served" basis, which has created panic in the eyes of many to rush decisions in a period of uncertainty. Will they ultimately enforce this? Nobody knows
4/ If you apply for PPP and RIF employees this is NOT a free loan. It is only forgiven to the extent you protect jobs.
5/ Also, the PPP is meant for companies under duress. If you're early stage, doing remote development and not really impacted - it's NOT intended for you. Just taking a hand-out of "public money" intended for people who need it is wrong.
