There's been a constant drumbeat from both local entrepreneurs and investors on the lack of venture capital sources in Southern California. So, anytime a new, Southern California venture capital investor shows up, technology entrepreneurs usually flock to their doorstep. However, that might not be the case with a new venture capital firm, Ghost Group, which launched today. The new, Newport Beach venture investor said it has created a fund, Emerald Ocean Capital, which will invest in technology--however, only for companies in the area of legal cannabis and medical marijuana. Ghost Group did not say how big of a fund it has raised, but said it has also launched the Ghost Domain Capital fund, which will specifically invest in Internet domains it says are a "category killer" in the B2B area. The new venture capital fund was founded by Justin Hartfield and Doug Francis; Francis is the co-founder and CEO of WeedMaps.com, an online site which connects medical marijuana patients with other patients, dispensaries, doctors, and delivery services.
Top NewsWednesday, June 5, 2013
Emerald Ocean Capital Launches New Venture Capital Fund, With A Twist