“We are going to replace animals in the food system by 2035,” said Pat Brown, founder and CEO of Impossible Foods, in late August 2019. According to a Harvard Business School case study on plant-based meat alternatives: “In 2016, after $80 million in research and development, Impossible Foods launched its first product: a plant-based imitation of [...]
“We don’t see many options." "It’s not relevant, it doesn’t move the right needle." These are 2 common themes about technology solutions that I hear when talking with big players in animal ag production that would be customers, the strategics that would be acquirers, and the angel & venture investors that would provide early capital [...]
Tyson recently announced their next CEO and there’s only one way that decision makes sense: Tyson intends to be a tech company. The natural next questions are, why & how would Tyson do this? To answer the Why, follow the margin. Here’s a snapshot of Tyson’s FY Q3 margins across business lines for 2020 [...]
This week Tyson Foods named Dean Banks as its next Chief Executive Officer. Dean Banks was named president of Tyson Foods last December, but the media references his experience as a “ tech executive” and his time at Alphabet. Curious about this experience, I went to his LinkedIn profile. Was he a C-level executive at Alphabet? Division [...]
With tech merging into the heartland and producers increasingly using technology, this sets up a perfect storm. These resulting trends should lead to good outcomes & new solutions in animal agriculture.
10 weeks into writing the weekly Prime Future newsletter, I've been wrestling with the where-are-we-going-with-this questions like, who am I really writing for and why? The bleeding-edge livestock producer? The soon-to-be founder? The seasoned entrepreneur? The investor considering the space? The biz dev lead sourcing M&A targets? For the last 3 months I’ve been quarantining [...]