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For the moment ynsect was launched in France it was obvious that it was doomed to fail. Like often here, the only real goal was to suck public funding. Normall
by greatgib 10mo ago
For the moment ynsect was launched in France it was obvious that it was doomed to fail. Like often here, the only real goal was to suck public funding.
Normally, you would start a small business/factory and scale with your business. Especially growing insect doesn't require a "mega factory".
But here, from the onset, they started from scratch and announced a mega investment to build a giant factory. Obviously getting hundreds of millions or even a billion, most from public funding as we could guess.
- cassepipe 10mo agoWhere can I learn more about that ?
- greatgib 10mo agoIt was in French and a long time ago, but basically it was in the style of the following article: https://www.fishfarmingexpert.com/france-mealworm-molitors/nsect-raises-124m-to-finish-worlds-biggest-insect-farm/1341517 https://www.fishfarmingexpert.com/france-mealworm-molitors/n... Like the huge megalomaniac project that, to french people, is the typical example of too huge to make sense step for a startup, that is expected to be a sink of funds. Otherwise, there is a good article in english if you want straight to the point article about the history and concret reasons of failure in the following link: https://www.onei-insectes.org/en/ynsect-difficultes-economiques https://www.onei-insectes.org/en/ynsect-difficultes-economiq...