The Cannabis Business Coach Podcast Episode 9: David Hess - Tress Capital
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The Cannabis Business Coach Michael Zaytsev interviews and coaches David Hess, President & Co-Founder of Tress Capital, one of the first private investment firms dedicated exclusively to the Cannabis industry.
David shares his riveting personal story of going from a Cannabis enthusiast in high school who collected signatures for California's Prop 215 campaign, to taking Marinol for help with chemotherapy as a cancer patient, to Cannabis industry deal maker and investor.
We discuss the qualities an entrepreneur must have to succeed in Cannabis business, David's pet peeves when being pitched by entrepreneurs, his advice for green entrepreneurs and investors, and some of David's favorite investments that he's made.
In the coaching portion, we dance with work-life balance and I help David overcome his natural workaholic tendencies to make time for restorative self-care.
In this episode we discuss:
A day in the Life of a professional Cannabis investor
Collecting signatures for California’s Prop 215 after graduating high school
David’s battles with cancer and requesting a Marinol prescription from his Oncologist
Providing legitimacy and credibility to the plant and the industry
The amount of deal flow David goes through every year
Investing in Headset, SC Labs, Baker, and more
Discovering old IP and repurposing it for innovative Cannabis technology
The qualities David believes are essential for success in Cannabis business
A counter intuitive truth about Cannabis investing
One of David's biggest pet peeves when getting pitched
Resources:
Entrepreneurial Transitions - Roy F. Cammarano
The Resilience Factor - Karen Reivich
The Cannabis Business Book - Michael Zaytsev - The Cannabis Business Coach
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Video below: