Pot startups go to bootcamp
Just how hot is the cannabis industry? CanopyBoulder, a new bootcamp exclusively for pot related startups, has a pretty good idea. CanopyBoulder launched canada goose outlet las vegas in December, and in canada goose outlet canada just three months, the accelerator has raised canada goose outlet ottawa $1.2 million from angel investors.»We’ve also been flooded with applicants,» said co founder Patrick Rea.Rea plans to run two 13 week sessions one in the spring and one in the fall during which entrepreneurs work out of CanopyBoulder’s canada goose outlet uk sale office in Boulder, Colo.»We’ll introduce canada goose outlet phone number them to the industry, connect them with mentors and put them in front of investors,» he canada goose outlet 2015 said.Each startup canada goose jacket outlet uk will get $20,000. In return, CanopyBoulder gets 9.5% equity.Here’s the catch: There are just 10 available spots in each session. Rea got 115 applicants for the first bootcamp, which kicks off on March 31. The second starts on Sept. 1.Peter Thiel’s fund gets goose outlet canada into potRea, who used to work in investment banking and venture capital, said he couldn’t ignore the business opportunities in the growing cannabis industry.»You don’t see the birth of an industry that often. And this one’s practically in my backyard,» he said. «I’m 38 years old. I’m at an age where I have enough experience to help startups and not too old to take a risk.»But he’s being very particular about who he accepts into the accelerator. canada goose outlet woodbury He said the first class will include a mix of software and hardware firms, as well as travel and e commerce companies.»The real opportunity canada goose jacket uk in the marijuana industry is for the ancillary businesses,» he said. «Those are canada goose outlet in toronto the ones we want to invest in you could look here , not the growers or canada goose vest outlet manufacturers.»Related: Pot startups cash in on wave of legalizationIndustry experts canada goose outlet paypal agree.Most people who are rushing to get in on the $2.7 billion legal marijuana industry aren’t growers or processors.»That requires a very specific skillset,» said Troy Dayton, CEO of The ArcView Group, a cannabis focused investment and research firm. «It’s like canada goose coats uk with the Gold Rush. It’s a great time to be selling picks and shovels, instead.»If Rea successfully raises more funding, he hopes to run two more bootcamps, in San Francisco and Boulder, next year.»A lot of investors are canada goose outlet in vancouver not yet comfortable [with] this nascent industry,» said Rea. «Through CanopyBoulder we want to create a best class of startups that investors will want to invest in.»CNNMoney (New York) First published March 12, 2015: 8:16 AM ETContact UsClosed CaptioningSite MapMost stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA https://www.canadagoose-coats.ca , which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: 2018 Morningstar, Inc. Factset: FactSet Research canada goose outlet sale Systems Inc.2018. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Dow canada goose outlet new york Jones: canada goose outlet website legit The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed canada goose outlet reviews by DJI Opco, a subsidiary of S Dow Jones Indices LLC and have been licensed for use to S Opco, LLC and CNN. Standard Poor and S are registered trademarks of Standard Poor Financial Services LLC and Dow Jones is canada goose discount uk a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices S Dow Jones Indices LLC 2018 and/or its affiliates.
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