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
The ArcView Group is also excited to announce Francis J. Priznar joining as Senior Vice President, Chief Mentor, and Chief Sustainability Officer. For several years, Francis was one of ArcView's most active and visible investor members. Beyond simply investing in numerous companies he met through ArcView, he was a remarkable mentor who authored and freely shared a popular guide titled "How to Ensure the Best Pitch at ArcView's Arctank - Advice From a Shark". Francis comes to ArcView with over 20 years of experience as a trusted advisor to private and government sector clients. He built an award winning sustainability management consulting firm, PRIZIM Inc. and sold it to Hitachi Consulting. He co-founded four firms and two non-profit organizations, wrote or co-wrote dozens of books and published articles on contemporary business topics such as sustainability, management systems, auditing, regulatory compliance, and leadership. His past experience includes three years as director of a national analytical testing laboratory organization and two years as a program manager for a state regulatory agency.
According to Francis, "My motivation today is to help entrepreneurs achieve their business goals. It is a privilege for me to be part of the pioneering ArcView team who is second-to-none in shaping a successful future during this historic period of change."
About the ArcView Group
Founded in 2010, The ArcView Group is responsible for a number of groundbreaking ventures in the cannabis industry. The ArcView Investor Network includes more than 500 accredited investors who have put more than $65 million behind 105 companies. ArcView Market Research produces the State of Legal Marijuana Markets report, which is the most oft-cited market data report. In a few days, they will release the 4th edition of the State of Legal Marijuana Markets in partnership with New Frontier. In 2015, ArcView became a partner in Canopy, the first seed-stage mentor-driven business accelerator. ArcView is also co-founder of Cannasure Insurance Services, the leading provider of business insurance to the cannabis industry. Learn more about the growth of the cannabis industry via this short video. To get a sense of what to expect at ArcView see this other short video.