How lab-grown meat company SciFi Foods failed - and why many others may soon follow

The Times Tech Podcast

• Episode: How lab-grown meat company SciFi Foods failed - and why many others may soon follow
• Website: The Times Tech Podcast
• Feed URL: http://rss.acast.com/dannyinthevalley
• Duration: 00:45:12
• Published: 2024-08-02 04:00

It wasn’t long ago that lab-grown meat was booming. Startups raised billions of dollars. Investors boldly predicted the large scale slaughter of cows, chickens and fish would soon end. Then it all went pear-shaped. This week Joshua March and Kasia Gora come on to talk about how their startup, SciFi Foods, failed after raising more than $40 million on how the market turned against their company and the industry broadly (3:30), being affected by the downturn in plant-based meat (7:30), the Gamechangers documentary (10:30), being transparent with staff (15:10), the importance of failing well (19:30), the progress they made (27:30), Big Meat’s lobbying efforts (30:45), whether they would do it again (32:45), the Silicon Valley machine (37:00), venture debt (40:30), and the next thing (42:30).

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