'Founders were trying to grow at almost any cost, because growth was rewarded very highly with a very large multiple on revenue,' he continues. 'Therefore you could sell at a very high valuation or raise money very successfully. The sector's financing hurdles is a boon for Bespoke as there is no competition from larger BNPL firms, said Karan Wadhera, managing partner at Casa Verde Capital, a venture capital firm that funds cannabis startups including Bespoke.
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