Drako's Companies (Brivo, Eagle Eye) Take $4+ Million in PPP Funds
By: John Honovich and Joey Walter, Published on Jul 14, 2020
While centimillionaire Dean Drako is the owner of two of the largest SaaS businesses in the security industry (Brivo and Eagle Eye), Drako's companies took between $3 and $8 million in PPP loans, new government records reveal.
Drako spoke with IPVM, estimating the actual funding to be just over $4 million. Drako also explained the rationale behind the funding to IPVM.
Inside this note, we examine the loans, the positioning of Drako's companies and the debate about whether the ultra-wealthy should be taking PPP loans.