Glowforge and Lytics Turn Down ~$3.85M in Approved PPP Loans to Leave Aid for Smaller Businesses

Two venture-backed Pacific Northwest tech startups, Glowforge and Lytics, declined approved Paycheck Protection Program loans of about $1.85 million and $2 million respectively, choosing to leave funds for smaller businesses that lack access to capital after concluding they could avoid layoffs and survive the crisis.

DDan Shapiro GGlowforge OOutreach