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Wait, Beyond meat is one of the main meat substitutes making the rounds alongside Impossible burgers, right? If I'm not mixing up my names, what makes it a pump

Wait, Beyond meat is one of the main meat substitutes making the rounds alongside Impossible burgers, right? If I'm not mixing up my names, what makes it a pump and dump?

danhak 6y ago
It seems like the discourse has shifted to describe even legitimate businesses that are overvalued in the opinion of an author as "pump and dump" or "ponzi scheme"
- bradleyjg 6y ago
  It’s maybe not entirely accurate, but it seems at least in the ballpark of a reasonable description for a public company that’s never made money and has no legible path to making money. That said, it looks Beyond Meat made money in two quarters last year. So not a good fit on those criteria.
  - deleted 6y ago
    [deleted]
  - f430 6y ago
    > It’s maybe not entirely accurate, but it seems at least in the ballpark of a reasonable description for a public company that’s never made money and has no legible path to making money. Which is the whole point of YC. IPO over valued companies and dump it on the retailers while cashing out your chips. Never mind the structural dangers cheap capital pose when the cycle winds down.
ampdepolymerase 6y ago
There is debate about whether their technology is truly novel or whether it is just hype as soy protein based food manufacturing is not exactly new. Their most important technological achievement appears to be the artificial heme that they were able to source from a plant origin.
- danhak 6y ago
  There's debate about whether Apple's technologies are truly novel, that doesn't mean they aren't a good business.
- pr0zac 6y ago
  Don't think it counters your argument at all, but Beyond Meat is pea-protein based and contains no soy. The Impossible Burger is soy based.
genericone 6y ago
If someone thinks X won't amount to anything, and is bound to fail, then it would not be a fore-gone conclusion to believe that the whole X endeavor is a pump-and-dump scheme to take money from people who don't "know" that its bound to fail. It's more of an indication of someone's opinion on a subject. I for one am rooting for Beyond and Impossible. The more food choices are available the better.

Wait, Beyond meat is one of the main meat substitutes making the rounds alongside Impossible burgers, right? If I'm not mixing up my names, what makes it a pump and dump?

danhak 6y ago

It seems like the discourse has shifted to describe even legitimate businesses that are overvalued in the opinion of an author as "pump and dump" or "ponzi scheme"

bradleyjg 6y ago
It’s maybe not entirely accurate, but it seems at least in the ballpark of a reasonable description for a public company that’s never made money and has no legible path to making money. That said, it looks Beyond Meat made money in two quarters last year. So not a good fit on those criteria.
- deleted 6y ago
  [deleted]
- f430 6y ago
  > It’s maybe not entirely accurate, but it seems at least in the ballpark of a reasonable description for a public company that’s never made money and has no legible path to making money. Which is the whole point of YC. IPO over valued companies and dump it on the retailers while cashing out your chips. Never mind the structural dangers cheap capital pose when the cycle winds down.

ampdepolymerase 6y ago

There is debate about whether their technology is truly novel or whether it is just hype as soy protein based food manufacturing is not exactly new. Their most important technological achievement appears to be the artificial heme that they were able to source from a plant origin.

danhak 6y ago
There's debate about whether Apple's technologies are truly novel, that doesn't mean they aren't a good business.
pr0zac 6y ago
Don't think it counters your argument at all, but Beyond Meat is pea-protein based and contains no soy. The Impossible Burger is soy based.

genericone 6y ago

If someone thinks X won't amount to anything, and is bound to fail, then it would not be a fore-gone conclusion to believe that the whole X endeavor is a pump-and-dump scheme to take money from people who don't "know" that its bound to fail. It's more of an indication of someone's opinion on a subject. I for one am rooting for Beyond and Impossible. The more food choices are available the better.