Beyond VC: Redeemable Equity in AgTech with Connie Bowen

Beyond VC: Redeemable Equity in AgTech with Connie Bowen

Big news from Tenacious– WE’RE HIRING! Do you share our mission of unlocking impact at scale in agri-food systems? Check out our open roles here.

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Is agtech a good fit for venture capital, and vice versa?

This question - existential for some - is flying around in the ether right now.

We’ve been thinking about both the bearish and bullish answers a lot lately. And we’ve been intrigued by the possibility of shifting the question away from black and white answers, into nuance. Namely, we’ve been asking: if venture capital is not a perfect fit for agtech, but there are big opportunities for technology in agriculture, how else might agtech companies get funded?

To help us take on this larger inquiry, we called on friend of the podcast Connie Bowen, Founder of Farmhand Ventures. Connie has been both thinking about deploying alternative funding models in agtech. She brings the insight she’s gained from utilizing (and passing) on some of these alternatives, including redeemable equity, to the podcast this week.

For more information and resources, visit our website.

The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness.

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What it's REALLY like to work in an agtech startup

What it's REALLY like to work in an agtech startup

If you’re looking at a career in agtech, chances are you’re going to spend time working with startups. But what’s it like to work IN an agtech startup? A fast-paced environment, no red tape, significant responsibility, and a big vision may come to mind. But there can be downsides, too, such as long hours and setbacks due to the inevitable trial and error that comes with bringing new innovations to the world.The agtech industry is increasingly drawing top talent from all different industries and backgrounds. This episode explores why there are opportunities for everyone- from engineers to electricians to artists- to use their skills within high-growth agtech startups that focus on building the food supply chains of the future.So, whether you’re just starting on your career path or mid-way through, tune in to learn if working in an agtech startup is right for you. Featuring:Soroush Pour - Head of Engineering at Vow and 15th employee at Plaid (Visa recently tried to acquire Plaid for $5b+)Alissa Welker - Farmer Acquisition and Engagement at Steward and 60th employee at Farmers Business NetworkKerryn Thomas - Head of Operations at Goterra and former electrical technician in the mining and concrete industries.For more links and resources from this episode, visit our website.

13 Jan 20211h

Breaking into agtech when you're not from a farm and "don't look the part"

Breaking into agtech when you're not from a farm and "don't look the part"

How do you get a career in agriculture or agtech, when you’re not from a farming background? In this episode, we meet four women who’ve become agtech leaders, despite not having grown up on a farm. At the intersection of two largely white and male dominated industries (agriculture and tech), they have succeeded despite, as they say, ‘not looking the part’. You’ll hear how they first got their foot in the door (from scoring discounted tickets to conferences, to setting up their own networking events, to making elevator pitches to gain on-farm experience), and what challenges they’ve had to overcome to thrive. This episode is for employers looking for talent, as well as anyone looking to get into agtech and agriculture who isn’t sure where to start!On the podcast:Rayali Banerjee - Communications Manager, Syngenta Australia and New ZealandCass Mao - Program Manager, Farmers2Founders and Venture Partner, Tenacious VenturesSamantha Wan - Wool Business Specialist, EldersAmy Wu - Writer and Creator, From Farms to IncubatorsThis is episode has been brought to you by the AgThentic Group in collaboration with Future Farmers Network.For links from the episode and to find agtech job listings, visit our website.

16 Dec 202034min

Scaling up Soil Carbon Markets - feat. guests from Cargill, Nori and more!

Scaling up Soil Carbon Markets - feat. guests from Cargill, Nori and more!

The race is on globally to scale carbon markets, where farmers can sell the carbon they sequester in their soil to buyers who want to offset emissions. But right now, the space is often confusing for buyers, sellers, and the intermediaries working between them. And further, both public and private market schemes have been criticized for inefficiencies and high costs to participate.But the game is changing as new technologies and business models seek to lower barriers to entry and improve transparency, and the demand side continues to explore, driven by consumer and regulatory pressures. But with all this activity, what will it take to scale up and deliver worthwhile returns for farmers?In this panel discussion, you’ll hear a variety of perspectives - from those developing new technologies and carbon market methodologies, to organizations helping farmers operate within existing emissions trading schemes.Today's guests:Aldyen Donnelly - Co-Founder and Director of Carbon Economics, Nori.Sam Duncan - Founder, FarmLabMatt Schmitt, Senior Director of Commercial Carbon, CargillDave Moore - Chief Operating Officer, Green CollarThis episode is an edited version of a live AusAgritech event, organized by the AgThentic Group, Sprout X and Platfarm.Check out our insights and more on our website.

2 Dec 202040min

Farming eggs the startup way - Sarah Sivyer on continuous improvement and customer intimacy

Farming eggs the startup way - Sarah Sivyer on continuous improvement and customer intimacy

Sarah Sivyer had multiple roles in the corporate world before she decided to start farming eggs. She grew up on a farm, but was completely new to chickens, and this was the challenge she wanted: to grow her own business from scratch and apply her corporate knowledge.By tapping into consumer demand for convenience, freshness, and sustainability credentials, Sarah now runs 2500 chickens for her subscription-based egg business, Just Been Laid. Sarah also completed a Nuffield Scholarship on continuous improvement and branding, bringing lessons on global best practices back to the farm.In this episode Sarah Sivyer discusses:Building a successful farming business by developing ‘customer intimacy.’Using business concepts like Six Sigma to eliminate waste, remove variation, and be more efficient in farming.Offsetting the high cost of labor through branding, quality, and business model innovation.For more information and links from this episode, check out our website.

18 Nov 202042min

Changing human behavior - how Matt Crozier introduced technology to a 200 year old sheep station

Changing human behavior - how Matt Crozier introduced technology to a 200 year old sheep station

Cavan Station might have well-known owners today (the Murdoch family), but the large property in southern New South Wales has long held a place in Australian history, as pioneers of the fine wool industry.And Cavan Station is still innovating today. In fact, the 25,000 acre (10,000 ha) farm has undergone a significant transformation over the past 10 years, including adopting the latest technologies, from genetics and genomics, to data analysis and software.At the helm of this change is the General Manager of Cavan Station, Matt Crozier.In this episode he discusses:The challenges and benefits of encouraging a farming team to use more technology and different farming methods.Shifting to “regenerative” agriculture (a term Matt doesn’t love), and focusing more on animal welfare, including stopping mulesing.The economic and ecological performance of the farm, since incorporating new tech and alternative farming methods.For more resources and our insights on the chat with Matt, check out our website here.

4 Nov 202031min

From defense to disruption, how companies are approaching sustainability in the food system, with Mary Shelman

From defense to disruption, how companies are approaching sustainability in the food system, with Mary Shelman

Mary Shelman is an internationally recognized agribusiness consultant and speaker, and the former Director of Harvard Business School’s Agribusiness program. Mary grew up in Kentucky, watching her father sell farm equipment; now, based in Boston, she helps corporations and governments tackle agriculture’s biggest problems. In Ireland, for example, she helped boost exports and build a national brand through Origin Green, a national sustainability scheme.In this podcast, Mary talks about:How companies are responding to the sustainability demands of customers - from defending traditional methods, to defying or even disrupting agriculture supply chains and markets.Why her agricultural upbringing helps shape her work as much as her formal qualifications and experiences in agribusiness case studies.How technology can help farmers and businesses better understand and use their resources as the food system changes.For our insights, Mary's research, and a picture of the framework she mentions in this episode, visit our website.

21 Okt 202040min

"Not a cheerleader, not the enemy",  journalist Sarah Mock on making windows in the walls around agriculture

"Not a cheerleader, not the enemy", journalist Sarah Mock on making windows in the walls around agriculture

Sarah Mock isn’t afraid of having tough conversations and shining light on thorny issues in the agriculture industry. A journalist with experience in international development and agtech, Sarah recently began a Twitter firestorm with an article asserting that all farming is inherently exploitative.While sometimes accused of being anti-farming, Sarah says this couldn’t be further from the truth. She describes herself as being “not a cheerleader; not the enemy”. Sarah grew up on a farm in Wyoming and has worked in agriculture her entire career - from high profile agtech startups such as Farmers Business Network, to reporting on ag politics under the Trump administration.In this episode, Sarah Mock discusses:The reluctance of some farmers to change their farming practices, despite strong data evidence indicating the benefits.Why the agriculture industry needs to start telling the truth about what farming looks like, and start addressing what customers want.How agriculture policy and incentives can actually lead to poor business decisions & outcomes.What it feels like to stick up for controversial beliefs, and the pushback she receives from being provocative and “making windows in the walls around farming”.

7 Okt 202048min

Regen Ag Series #5: Our Verdict

Regen Ag Series #5: Our Verdict

Regen Ag Series #5: Our Verdict, with Sarah Nolet and Matthew Pryor from AgThentic and Tenacious VenturesIn this final wrap up episode of our regenerative agriculture series, the team from AgThentic is giving you OUR verdict. Sarah is joined by Matthew Pryor, Partner at AgThentic and co-founder of Tenacious Ventures, to discuss:what it will take to move beyond the polarizing debate over whether regen ag is good or bad;how agtech can unlock cost effective ways to measure, monitor, and verify what’s actually working;impacts of consumer’s push for carbon neutral produce and reducing the use of chemicals; andemerging business models and incentives that can help shift the risk/reward equation of transitioning to new practices.Sarah and Matthew are joined by Kirsten Diprose, Marketing Manager at AgThentic, farmer and guest host for this episode.Check out our blog for more wrap up insights, and if you’ve missed the regen ag series, you can catch up here.

23 Sep 202043min

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