Lyft's $1B. The future of meat. Mini-gyms in China.
Dear equity strategy teams.
The below is a very disruptive data viz
Going forward, please leave the data viz to CB Insights. Okthxbye.
You Lyft me up
Today, Lyft announced that Alphabet’s investment arm CapitalG is leading a $1B financing round into the ride-hailing startup. The round brings the company’s total disclosed funding to $3.46B.
In 2014, Lyft offered to merge with ride-hailing giant Uber for a share in the combined company. In 2016, Lyft again sought to sell itself to Uber to no avail, according to the New York Times. Following Uber’s recent struggles, though, Lyft’s prospects are looking stronger.
China issued dietary guidelines last year that aim to reduce meat consumption by 50% by 2030. The guidelines seek to improve public health.
A side benefit of this may also be to the environment.
Globally, reports suggest almost 15% of planet-warming emissions come from livestock — more, in fact, than the transport sector.
With meat viewed as a dietary hazard and greenhouse gas culprit, it’s not surprising to see a host of companies developing meat replacements.
And as these companies catch on, companies such as Tyson Foods, Hormel, Industrias Bachoco, Pilgrim’s Pride, and Sanderson Farms, among others, should all be worried.
Among the new hot entrants is Impossible Foods, backed by Bill Gates and Singapore’s sovereign wealth fund Temasek. Its meatless burger is said to taste like meat, and it even “bleeds.” And it is now rumored to be working on doing for fish what it’s done for burgers.
We’re excited to have David Lee, the COO of Impossible Foods, joining us at the A Ha! Conference.
Rumor has it he may bring samples.
Join us at A Ha! Get $500 today if you use the code plantblood. Just go here.
The bad graph that started it all
This is still one of my favorite Venn diagrams ever by Thomson Reuters.
It’s rare to find such honesty in corporate America. Kudos to TR.