Start-ups pursue 'free money' with relief funds, prompting backlash

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Start-ups pursue 'free money' with relief funds, prompting backlash

Domio, a start-up that offers short-term rentals, has its headquarters in a New York City loft that features beer on tap, a game room and a wall of house slippers for visitors. The fast-growing and unprofitable company has raised $117 million in venture capital, including $100 million in August. 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…
Source: MSN Money

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