Former AppHarvest employee (by acquisition). That place was an unqualified fuckshow. Not surprising they’re being sued for fraud. “There are many reasons why t

Former AppHarvest employee (by acquisition). That place was an unqualified fuckshow. Not surprising they’re being sued for fraud. “There are many reasons why they’re doing it, but one of the reasons is because they know that Silicon Valley investors won’t invest in a farm, but they’ll invest in a tech company,” says Henry Gordon-Smith, founder of Agritecture, a firm that consults on urban farming projects. “In reality, these companies overspend on R&D by crazy amounts, and then say, ‘Oh, shit, that didn’t work.'” This could have been taken from internal communications almost verbatim. The CEO straight up cited my former employer’s acquisition was significantly motivated to position AppHarvest as a tech company, rather than an ag company, for the purpose of propping up the valuation.