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If you want money-related excitement with a low probability of making a modest windfall, you'd have a lot more fun in Las Vegas. The process for what it sounds like you're proposing to do is straightforward. Go meet a lot of people who want to, or are in the process of, starting a marijuana company. You'll find a lot of people who want you to give them your money. Eventually one of them will persuade you that he or she has a product, team and strategy which will dominate a market. You then give them your money in exchange for a piece of paper which says you own some small percentage of their company. This is often called "angel investment" and is how you get in on startups if you're not a professional investor. You can start reading about the world of startup finance by researching things like how rounds of funding work or how preferred stock is handled. If those subjects don't bore you to tears, then learning them will point you in the direction of finding out what else you should know. As an example of what table stakes looks like: YCombinator, a famous venture capital firm in Silicon Valley, offers $120k in exchange for 7%. They're also well connected in Silicon Valley, so they have that as an advantage over a random dude with $120k to spend.
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# ¿ Feb 14, 2017 06:05 |
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# ¿ Apr 28, 2024 21:04 |