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Week 5 - Finance and Investment

Posted by Micah Tapman on Sep 21, 2015 11:47:12 AM
Micah Tapman
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Week five is off to a blazing start with one team getting a soft commit for some bridge funding and all the teams making significant progress. Some highlights from the week:

  • $7k in soft commits for one of the teams
  • New partnership between two of the Canopy portfolio companies
  • New $100k contract signed by a Canopy portfolio company with a customer
  • achieves 45% month-over-month growth

Other important news:

  • TPS Media is actively searching for a COO-type person with strong business/finance experience and a head for media management (YouTube experience is particularly desirable)
  • Ananas is looking for a CMO and a part-time graphic designer

Goals for this week revolve around financial models and investment decks. Teams are refining their financial projections and preparing investor-specific slide decks before they head to ArcView LA next Tuesday.

Topics: News