Cy Scott, the CEO of cannabis analytics startup Headset, said that he spoke with around 20 to 30 investors over a six month period to close a $12 million Series A funding round.
Scott walked through his pitching process and shared his best tips in a webinar hosted by Business Insider.
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Raising money for a startup in a competitive industry like cannabis-tech is no easy feat.
Headset, an analytics startup for the nascent marijuana industry, raised a $12 million Series A round backed by prominent investors earlier this year and has inked deals with market research firm Nielsen and accounting firm Deloitte.
Cy Scott, Headset’s CEO, walked through what made his pitch successful in a webinar moderated by Business Insider. He was joined by brother-and-sister duo Morgan and Emily Paxhia, the managing partners of the cannabis-focused investment fund Poseidon Asset Management, who led the funding round.
In order to close the round, Scott said he had to put in the work and take a lot of meetings.
In the webinar, Scott said he met with 20 to 30 groups of investors over half a year while he was trying to raise …read more
Source:: Businessinsider – Strategy