Drako's Companies (Brivo, Eagle Eye) Take $4+ Million in PPP Funds
By John Honovich and Joey Walter, Published Jul 14, 2020, 12:09pm EDT
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.