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
- CannaHacker.com 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.