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Faire offering new small businesses up to $20,000 through new program


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Faire, a wholesale marketplace startup backed by Sequoia Capital, wants to help new small businesses open during the pandemic by offering up to $20,000 to stock up on inventory.
Faire co-founder and CEO Max Rhodes told us he started the Open with Faire program because small businesses often end up in a death spiral in their first year.
Now valued at $2.5 billion, Faire survived its own version of a disaster movie, after sales dropped 60% in a one-week period in March.
The team created a 2020 crisis strategy document some of which was shared exclusively with Business Insider. One board member said to prepare a worse-than-your-worst case scenario. ....

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