Kra: Prelude called capital to fund emergency bridge loans for portfolio payroll
Gabriel Kra · A bank collapse threatens climate startups · Mar 20, 2023 · at 9:25
Gabriel Kra, managing director of Prelude Ventures, discusses his firm's emergency response during the March 2023 Silicon Valley Bank collapse to keep portfolio companies operating.
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“So we figured out that we could call Capital into our fund, we could get it out to our, ah, companies at a low cost to them way, ah, and then we spent the rest of the weekend Working with the companies and with our council and with our CFO to get the legal structure in place, and then also working to figure out who needed how much and how soon.”
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