Biotech Meat Company Fails, Founder is a "Hero"

White Male Founder Wastes $32 Million on Unfinished Facility and Rebrand of Nothing

It was going to happen eventually. Even with what seems like endless piles of cash floating around, a “cell-cultured meat” company finally ran out of money: “New Age Eats” is officially dead.

In a LinkedIn post that I can no longer access (more on that later) “founder” and CEO Brian Spears lamented his “painful decision” to shut the company doors. In fact, it’s not a decision when cash runs out, it’s simple math, but whatever.

Now let’s review several signs that Spears didn’t exactly know what he was doing and yet somehow raised $32 million from very dumb and gullible investors.

Read the rest on my website here.

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