Fadell: Cannabis is a better investment than e-bikes or plastics
Tony Fadell · 20VC: Tony Fadell "The Father of The iPod" on Mentors, Self-Doubt, Vulnerability, His Relationship To Money, Why Entrepreneurs Need to Be Coachable, Why VCs Need To Be More Direct & Why The First Trillionaire Will Innovate Around Climate Change · Mar 15, 2021 · at 22:53
Tony Fadell responds to a hypothetical allocation question from Mickey Malka, explaining why institutional hesitation makes cannabis investments unusually profitable.
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“Cannabis is actually medicinal, and it's a vice. It's both. And so when you can have those two dynamics together, when you can actually help people, whether that's recreationally or medically, and you can have all of the uplift of the recreational side for the medical side, You're going to see that. And the other thing is there's so many hypocritical investors or LPs out there who are like, I can't go invest in cannabis. So it's actually better because most people aren't investing in it. So you can get in there and you can make the money so that I can then invest that money that was the gains into things like e-bikes and plastics and all the other things we do.”
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