The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

Spencer Maughan of Finistere Ventures joins Nick to discuss How the Generational Shift Is Affecting Food, Investing in Vertical Farming and in New Biologics, and Platform Solutions to Food Dilemmas. In this episode, we cover:

  • Walk us through your background and path to VC
  • What’s the thesis at Finistere Ventures? Focus? Check Size?
  • Talk a bit about your global footprint, and why that is of value to the firm or the founders?
  • What makes Finistere unique?
  • What do you see as some of the biggest drivers of change in the food value chain?
  • Are consumers going to embrace alternative produced meats when they are ready for market? With classically long timelines, they're expensive (producing a cost-effective product) and production is difficult. How do you think about that when you're underwriting the risk on an investment?
  • What do you think of insect-based protein as a primary protein source and nourishment source in developed countries?
  • What are the food-related effects from the pandemic that are ephemeral versus, you know, what do you think are here to stay?
  • Previously, you mentioned a few areas of vertical farming, new pesticides in FinTech within ag-tech that were of interest. So which of those remain sort of strong categories as you see it today? Any other aspects within the ag-tech sort of lens and frame that you guys are investing forward in?
  • You've also spoken about sort of a shift from point solutions in ag-tech to more platform, can you describe what you're observing here, and where you see the shifts occurring?
  • Lobbies wield incredible power in the Food and Ag space. Is that a challenge that must be managed? For you guys, as a firm focused on investing in very disruptive tech in this space?
  • What do you need to get better at?
Direct download: TFR_Spencer_Maughan.mp3
Category:general -- posted at: 5:00am EDT