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Stoned Girls Presents: High Finance
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www.highfinancereport.com
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This article was first published on http://www.cannabisworld.biz.
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In this episode we interview Brian Holmes of First Ascent Associates. Brian is an angel investor who invests a significant portion of their million fund in cannabis startups. He is one of the few investors actually putting his money where his mouth is in the cannabis industry. He has taken 3 cannabis companies public, and he continues to support and evaluate cannabis startups everyday. Brandon and Brian also dive into his father’s first cannabis investment with an ex-con, his recent investment into GrowCondos, and the exciting world of angel investing.
Show Notes:
1.14 – First Ascent started from being a startup founder
2.06 – the dreaded vice clause
2.20 – the line between vc and angel
2.54 – writing checks for 0K+
3.02 – we are seed and pre-seed investors
5.45 – pogoseat investment
6.16 – 7 investments so far
6.25 – goal is to 30-60 investments in fund 1
6.38 – initial fund is 3 million$
8.05 – my father’s partner is an excon
8.33 – my dad asked for his mom to meet the excon
9.05 – CBDS ticker symbol
9.15 – CBD medical company
9.35 – strains were proprietary in some way
9.53 – stock started at $ .25, peaked at
10.48 – Taken 3 companies public, 1 through the fund
11.05 – Tech focused fund
11.10 – Growcondos investment thesis
12.35 – first Growcondo warehouse in medford, OR
13.00 – grey market people trying to go legal
13.30 – is medical cannabis going to persist?
14.10 – cannasys investment thesis
15.05 – The founders started as growers, had a dispensary, then started software company
16.30 – Hemp market is bigger than cannabis
17.10 – companies are going to pivot and shift
18.40 – whats your fail estimation for cannabis startups?
19.00 – in this busineess all about the outliers
20.00 – CBDS, Growcondos, Cannasys – all 3 have gone public
20.50 – Public cannabis is not like a tech ipo
21.32 – Startup Pitch decks
21.43 – review 10 decks, 2-3 in person meetings
22.00 – 1/50 they invest in
22.15 – what should founders send to investors?
23.13 – Funding Bottleneck is series A financing
23.45 – Numbers that Investors Like: 50-100k in revenue with strong MoM growth
24.35 – The best deals don’t always have the best #’s
25.14 – Average a mill cap for seed stage investments
25.40 – Bridge Rounds
26.35 – Due Diligence – What matters to you?
27.55 – how do bigger investors start writing checks?
First Ascent Associates: http://www.firstascentassociates.com/
Cannasys: http://www.cannasys.com/
GrowCondos: http://www.growcondos.com/
Learn more about and subscribe to the Investing in Cannabis podcast: http://investingincannabis.tv/
Contact us with any questions, thoughts, ideas for our show here: investingincannabis@gmail.com
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(BBC News) – PAYPAL founder Peter Thiel’s investment firm has become the first institutional investor to pump money into the marijuana industry.
Thiel’s investment firm, Founders Fund, led by partner Geoff Lewis, has acquired a minority stake in Privateer Holdings, the Seattle-based owner of Leafly.com – a review site for medical marijuana, which also serves as a medical marijuana grower in Canada.
This article was first published on http://www.cannabisworld.biz.
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This article was first published on http://www.cannabisworld.biz.
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Find out why investors and cannabis companies are converging on The Marijuana Investor Summit in April in Denver. Avoid the mistakes that most rookie cannabis investors make and understand where the market is heading before the masses.
Key Takeaways:
1:22 – David’s background
3:55 – David talks about the rate of growth in the cannabis industry
5:35 – Family offices getting into the cannabis space
7:09 – David talks about the biggest mistakes cannabis investors make
10:35 – David discusses different ways to invest in cannabis
12:05 – Valuations of younger companies
13:30 – David talks about how supply and demand affects the ecosystem
16:25 – Startups doing interesting things in the cannabis space
19:53 – David recommends funds for investors
21:53 – David deals with investments that don’t touch the plant
23:12 – David talks about the Marijuana Investor Summit coming up in April
27:31 – Contact details
You can also listen to the full interview at CannaInsider.com HERE: http://www.cannainsider.com/marijuana-investor-summit/
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There is a bipartisan effort to repeal at least one part of Obamacare. Cenk Uygur, Ana Kasparian, and Michael Shure, the hosts of The Young Turks, tell you how Democrats and Republicans are working together to screw over Americans. Tell us what you think in the comment section below. https://tytnetwork.com/join/
“The Problem Solvers Caucus, a new, bipartisan congressional group attempting to repeal Obamacare’s tax on medical devices, has received almost twice as much money from the medical-device industry as other members have, according to an analysis of House campaign donations done for TYT.
The 40 or so House members who formed the Problem Solvers Caucus earlier this year include a roughly equal number of Democrats and Republicans. On July 31, they unveiled a health-care reform plan including permanent repeal of a 2.3% tax on medical devices that was temporarily suspended under Obama but is set to resume on Jan. 1.
At TYT’s request, the non-profit campaign-finance group MapLight analyzed political donations from medical-device companies, industry organizations, and individual employees. MapLight found that members of the Problem Solvers Caucus on average received ,051 during the campaign cycle for the 2016 elections, as opposed to non-members of the caucus, who averaged 49. The numbers do not include members first elected in 2016, for whom complete data is not yet available.
Caucus co-chair Rep. Josh Gottheimer (D-NJ) took office this year, so donations to his campaign are not included. Co-chair Rep. Tom Reed (R-NY) received a total of ,650 from the industry during the 2016 cycle. Press representatives for Gottheimer and Reed did not respond to emails requesting comment.”
Read more here: http://www.huffingtonpost.com/entry/5996ee8de4b02eb2fda31f16
Hosts: Cenk Uygur, Ana Kasparian, Michael Shure
Cast: Cenk Uygur, Ana Kasparian, Michael Shure
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