Fundraising for cannabis-related businesses is challenging due to the legal complexities and investor hesitance towards vice industries like cannabis.

The cannabis industry is still young and faces challenges with capitalization, often ceding ownership to larger companies, which can disadvantage original advocates.

Historically, successful companies were built with much smaller seed rounds, indicating that the current funding environment may be skewed and that adequate funding can still lead to success.

We decided to fund a large number of early-stage startups with small amounts of money, providing them with significant help, which was a departure from traditional VC practices.

Investors needed to become comfortable with the cannabis context before committing, which involved many introductory meetings to explain the industry.

We raised a later stage fund to support hard tech companies that need significant capital, as many investors are not willing to provide that.

We raised our initial funding through a friends-and-family round, ensuring that only those who understood our vision could invest.

After the recession in 2010, there was an increase in angel investors and seed funds investing smaller amounts, leading to seed rounds exceeding a million dollars for the first time.

When raising money in a new market, it's important to find investors who are independent thinkers and willing to take risks on unproven technologies.