ZolTrain

Training the cannabis workforce

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August 29, 2019 Term Sheet from Lead Investor

Received a term sheet from a lead investor. Wasn't the one we initially expected to lead the round, but things are falling in to place. Raising this seed round has felt like playing with a Rubiks cube. Every time we think we have things in place, we turn it over and find out something isn't right. We're still spinning it a bit, but we have a few sides locked in.

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May 1, 2019 First paying customer

Launched our pilot in January with a single customer (unpaid Alpha). Worked it till it was valuable to other customers. Built a lead pipeline using SalesFlare(does a great job auto-importing customer data). Signed up 4 paying customers by July 1. Working through the MVP to make the ROI stronger and acquire the next round of clients!

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The cannabis market is completely new to consumers and almost all sales are driven by recommendations at the retail counter. Brands currently train these retail workers in person. It doesn't scale.