Ten years ago today, Monsanto announced that it was purchasing the Climate Corporation, a company using "machine learning to predict the weather and other essential elements for agribusiness," for $1 billion.
But how did it come about? How did founder and CEO David Friedberg reach that valuation, which has proven pretty much elusive to our industry ever since? How has our industry changed in its aftermath? And what's coming next for agrifoodtech?
It's been quite a journey for David Friedberg since this game-changing deal and he's now better known for being a "bestie" on the All-In Podcast alongside a few of his heavyweight venture capital friends. He is also running his own investment company, The Production Board, which is likely to be looking for exits of its own soon.
As part of a series of articles, videos, and features to mark this big anniversary, and that of AgFunder's, which is coming up later this year, AgFunderNews managing editor Louisa Burwood-Taylor sat down with David Friedberg to look back at the deal that changed the course of agriculture and food technology and look forward at what's to come next.
30 июн 2024
