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YC

Y Combinator Cast

10/11/18

@ Y Combinator

The cannabis market isn't sophisticated yet, and many businesses struggle to secure investment without proper licensing.

Video

YC

Cannabis Startup Founders David Hua and Vincent Ning on Legalization, Banking, and Industry Trends

@ Y Combinator

Cannabis Startup Founders David Hua and Vincent Ning on Legalization, Banking, and Industry Trends

10/11/18

Related Takeaways

VN

Vincent Ning

10/11/18

@ Y Combinator

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

DH

David Hua

10/11/18

@ Y Combinator

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

DH

David Hua

10/11/18

@ Y Combinator

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

DH

David Hua

10/11/18

@ Y Combinator

California's cannabis market is fragmented, with no dominant brands due to regulatory hurdles and the need for local permits, which creates a disconnect in the industry.

DH

David Hua

10/11/18

@ Y Combinator

The cannabis supply chain has been reconfigured since legalization in 2018, requiring growers to navigate complex licensing and compliance processes.

SL

Sam Lessin

05/17/25

@ Joe Lonsdale

Investing in small business platforms was challenging years ago, but now it's become a hot market, making it harder to invest profitably.

DH

David Hua

10/11/18

@ Y Combinator

We had a mix of funding sources, with about half coming from smaller angel investors who are forward-thinking and see the cannabis industry as the end of Prohibition.

YC

Y Combinator Cast

04/28/17

@ Y Combinator

Working with cryptocurrencies can be complex, and banks may struggle to accommodate companies in this space due to regulatory uncertainties.

NR

Naval Ravikant

10/29/15

@ Tim Ferriss

Great new companies often look strange and don't fit conventional molds, which can lead investors to miss out on significant opportunities.