Sand Hill Road Joins Private Capital Flooding Into Marijuana…

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Sand Hill Road Joins Private Capital Flooding Into Marijuana…

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Sand Hill Road Joins Private Capital Flooding Into Marijuana Startups

(Entrepeneur) While venture capitalists on Sand Hill Road pride themselves on backing cutting-edge startups, they have been cautious given marijuana’s illegal status at the federal level. However, that’s changed in the past two years. Deals in the past couple years involving both marijuana and tech include:

San Francisco-based Founders Fund, co-founded by Peter Thiel, investing in Seattle-based Privateer Holdings, which focuses on marijuana businessesY Combinator investing in Confident Cannabis, a company that creates software for marijuana-testing labs, and Meadow, which provides software for dispensaries and delivery services. Y Combinator helped fund development of Airbnb and Dropbox.DCM Ventures, with offices on Sand Hill Road for two decades, investing in San Francisco-based marijuana delivery company Eaze.Sand Hill Angels Inc. recently put $200,000 in Tradiv, a wholesale marijuana online marketplace.

With one-third of all the investment capital in the world coming out of Silicon Valley, these investments indicate an important shift for the marijuana industry.

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