Why did The Motley Fool apply for and receive government funding?
The Motley Fool believes the Treasury’s $25 million cash infusion will help strengthen our business and improve our long-term success. While our Chief Financial Officer and our Board of Directors unanimously agreed that we have no urgent need nor critical use for this capital, we are still a financial services company that has been affected by the overall market conditions and felt that we deserved government assistance as well. For their part, the Treasury was impressed with the comprehensiveness of our proposal, our considerable value-add to the overall financial market, and our enthusiasm for unprecedented transparency into how we managed your taxpayer dollars.
