The cannabis industry changes fast and the trends and opportunities that come along with this nascent industry change right along with it.
Building a strong, cohesive team and cultivating the right company culture is crucial for the success of your startup and its future. But what does this mean, and what does this look like in action?
When taking on venture capital, your job as an entrepreneur is to build a company that can return that capital (and then some) to investors. Sure, there are a lot of other responsibilities that come with building a startup, but this is a big one. And it shouldn’t be taken lightly. But, how does an entrepreneur go about that?
As an investor in the cannabis industry, we often get asked by entrepreneurs what they can do to stand out in the industry. So, we’ve put together a short list of things investors look for when evaluating deals.
The historic, venture capital-fueled tech boom of the past two decades in Silicon Valley and beyond has turned “innovation” into perhaps one of the most abused terms in our day-to-day lexicon. Years of buzzword status have disconnected us from a meaningful understanding of the real hallmarks of innovation and the conditions that give rise to it. As such, most people wouldn’t consider the cannabis industry the ideal environment to develop new, world-changing technologies; luckily for a small swathe of forward thinking entrepreneurs and investors, most people are wrong.