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Barstool Fund helps entrepreneurs overcome hardship.
How to help businesses survive pandemic disruptions.
The pandemic has devastated small businesses. Despite Congress passing a stimulus package providing funds for jobless benefits, vaccine distribution, stimulus checks and aid to businesses, the support could be too little, too late for many businesses.
What Happened: Disappointed in the government’s response, Barstool Sports founder Dave Portnoy, an American internet celebrity, investor and entrepreneur, raised over $16 million for small businesses affected by the pandemic measures.
The founder took to Twitter on December 31: “ BREAKING: Pete and Burson Snyder co-founders of 30 Day Fund have pledged to donate 1 million dollars to #barstoolfund if we can hit 14 million by midnight. We are at 12.7 million right now. Portnoy tweeted that on Thursday, adding that the Snyders contribution would bring the fund s total donations to $15 million.
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