News Formal

How a CEO raised $27 million after Y Combinator for plant-tech company

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Canada News News

Tom Simmons is the CEO of Supplant, which produces a sugar alternative made from plant fibers. He was accepted into Y Combinator and adjusted his pitch to focus on a quick business sell. This premium story was unlocked by Amazon.

At the time, Simmons said he had just enough money in the bank to file patents but not enough to get much further."If we hadn't gotten in at that point, our success would've been a totally different story," Simmons said.

"It's a food product. People need to taste it, and they need to feel it. I know that they liked that a lot, to be able to see something tangible," Simmons said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

汤姆·西蒙斯是Supplant的首席执行官，该公司生产一种由植物纤维制成的替代糖。他被Y Combinator录取，并调整了自己的定位，专注于快速的业务销售。 亚马逊解锁了这个高级故事。

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jesse Jacobs Joyride Pizza CEO and former CEO of Samovar Tea - San Francisco Business TimesThe founder and longtime CEO of Samovar Tea discusses his pandemic pivot to Detroit-style pies and the blistering growth of Joyride Pizza.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Why Ampere Computing CEO Renee James is optimimistic amid possible recession - Silicon Valley Business JournalThe former Intel President's chipmaking startup is thriving despite broader industry turmoil.
Source: svbizjournal - 🏆 334. / 59 Read more »