| Posted on Sat, February, 27th 2016 by THCFinder
Today, The ArcView Group announced the launch of a Winner’s Fund that will deploy $50,000 into a top-rated company at each of its upcoming pitch events and the hiring of a Chief Mentor who will spend hours helping each company prepare to pitch ArcView’s 500+ high net worth investor members.
The Winner’s Fund is being funded by ArcView and some of its investor members and will be managed by ArcView’s partner NeWay Capital. In order for a presenting company to win the $50,000 investment they must have the highest rating by ArcView members among companies with a pre-negotiated deal with NeWAY. This will be debuted at the next ArcView Investor Network event in Portland on May 1st-3rd, 2016.
“ArcView is already the top source of deal flow in legal cannabis industry. The addition of the Winner’s Fund and a more robust mentorship process will deliver tremendous value to ArcView’s investor members by ensuring that the very best companies continue to come to ArcView and that they are properly prepared to present,” said ArcView CEO Troy Dayton
“I’m thrilled that ArcView has trusted NeWAY to manage this historic fund. Now, when ArcView members rate these companies, there is really something impactful at stake in their ratings. We believe that the collective wisdom of ArcView’s angel investors will identify some of the great success stories of this business boom,” said Nicholas Jenkins, Director at NeWAY Capital