Per Duma's renamed, Mr. "Nou Yang" already has $16 million but still wanted more

[theking]

I can see why it has "Prompting Backlash" because they seem greedy with no concept of consideration nor compassion towards others that really need it more when they applied for the PPP...Not Domio nor Nguyen AKA "Nou Yang" per Duma's renamed but LiveRecover was sensible with it's decision to not apply for the PPP :

When the coronavirus pandemic caused Domio’s bookings to dry up last month, it laid off staff but did not ask its investors for more funding. Jay Roberts, Domio’s chief executive, said it had no immediate need to raise more money and most likely had enough cash to last until 2021.

Instead, Domio applied for a federal loan under the Paycheck Protection Program, the $349 billion plan to save jobs at small businesses during the outbreak. It received a loan on April 13. Three days later, the program’s funding ran out, even as hundreds of hard-hit restaurants, hair salons and shops around the country missed out on the relief.

...Kendrick Nguyen, chief executive of Republic, a site for investing in start-ups that has raised more than $16 million in funding, said he had applied so his company could be in a strong position when the economy bounced back. Republic has enough money to keep going for one to two years despite a steep drop in business last month, he said.

Mr. Nguyen said that Republic had not asked its investors for more money “because, quite frankly, we are in a very sound financial situation for a tech start-up.” He declined to be specific about the financials.

...LiveRecover, a software start-up in Austin, Texas, opted not to apply but was torn over the decision, a co-founder, Dennis Hegstad, said.

“If there’s money flying from the sky and everyone’s grabbing it, why would you not grab it?” he asked. Then he answered his own question: “There are other people who need it more.”