this post was submitted on 01 Jan 2026
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How reality crushed Ÿnsect, the French startup that had raised over $600M for insect farming | TechCrunch (techcrunch.com)
submitted 3 weeks ago by ooli3@sopuli.xyz to c/france@sh.itjust.works
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[–] atro_city@fedia.io 2 points 3 weeks ago

Looks like it was strategic mistakes by the CEO that led to its downfall. Buying another company while failing, fully knowing that it wouldn't be profitable yet, was just a dumb move. And entering a segment driven by price, not sustainability was not clever either. How do these people get money?