Why Venture Capital Likes Modular Farming

Knowledge at Wharton

Episode Description

Modular farming, which is growing crops in self-contained, movable units so they can thrive in difficult climates, is becoming more than just a sustainability goal for social impact organizations. It is also becoming a big business that’s increasingly being backed by venture capitalists and private equity firms. New startups in this market are sometimes models for not only how to make profits while contributing to the social good, but also how such profits can lead to innovation that goes on to create additional social good.

In this podcast interview, Sherryl Kuhlman, managing director of Wharton Social Impact Initiative (WSII), interviews Joey Hundert, founder and CEO of Sustainitech, about these developments and where the whole movement is heading. 📂 ESG

Brief Summary

Joey Hundred discusses indoor agriculture, funding strategies, and market trends with Cheryl Coleman, emphasizing niche opportunities and sustainable growth.

Key points

  • Sustained Attack's Mission. Joey explains how his company builds modular indoor farms to grow crops in challenging environments.
  • Trends in Indoor Farming. Joey discusses the influx of capital into indoor farming and the unrealistic expectations that come with it.
  • Alternative Funding Strategies. Joey shares how he financed his company without relying solely on venture capital.
  • Advice for Entrepreneurs. Joey encourages entrepreneurs to focus on niche markets for better success.

Ask about Knowledge at Wharton

Tension

40/ 100Low tension

Related episodes