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NEW QUIM CROWDFUNDING STRATEGY IS OUTSIDE THE BOX

Cyo Nystrom and Rachel Washtien are CEO and COO of Quim, the Bay Area makers of celebrated, cannabis-infused lubricants. Despite winning the 2018 Arcview Pitch Competition and this year’s Pitchforce and SXSW Cannabis Pitch competitions, Quim struggled to gain capital.

Through Dec. 15, Nystrom and Washtein will be offering new investors a financial stake that will turn into equity or cash should the company go public.
SF Evergreen

  • Nystrom and Washtien launched the crowdfunding campaign on Sept. 15, via Republic. Fans of the brand can invest as low as $100. 
  • The campaign has so far raised $130,542, much of which comes from investors who make $75,000 to $150,000 per year.