AgTech Headlines… So What? - Mineral Launch, Planet Labs Insurance, Deere Right-to-Repair
Breaking news in the agtech world abounds here at the beginning of 2023, and as we've tracked the latest announcements, we've been thinking a lot about a few tech updates, especially from major brands, and what they might mean for the agtech landscape in the near future.
Today, teammates Komal Patel and Matthew Pryor join Sarah to discuss a few pieces of news from the past few weeks that stood out. We dig into the details, read between the lines, and argue why we think they're worth paying attention to.
In this bonus episode, the Tenacious team offers analysis on:
- What does the Alphabet – the parent company of Google – announcement of the launch of its agtech company, Mineral, mean for startups
- How does Planet Labs’ announcement of upcoming collaborations with finance and insurance partners to provide ag services change the future for ag data business models
- Why might John Deere’s right-to-repair announcement not bring farmers the relief they demand
Useful Links:
- Learn more about the Alphabet’s Mineral and their emergence from stealth mode
- Read up on John Deere’s Right-to-Repair agreement with the American Farm Bureau Federation
- Check out Planet Lab’s announced collaboration around drought insurance in sub-Saharan Africa
- Check out the episode of Anton Teaches Packy AI that Matthew references in this episode
- More on Machine Learning as a Service (MLaaS) in agriculture with this primer from Forbes.
- We’re fundraising for Tenacious Ventures Fund II, out loud To learn more about investing in Fund II, click here
The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should read the information memorandum and seek financial advice from a professional financial adviser. Whilst we believe Information is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statue which cannot be excluded.
Key takeaways
- [00:05:35] The defensibility of “good models” vs. Microsoft
- [00:10:29] How machine learning shapes the future of ag retail
- [00:19:55] The imperfect psychology of right-to-repair
Tenacious Ventures Management Pty Ltd (CAR 001275760), Tenacious Ventures Management Partnership, LP (CAR 001298484), Tenacious Ventures Fund II Management Partnership, LP (CAR 001298483), and Tenacious Ventures Fund II Staple Co Pty Ltd (CAR 001298487) are Corporate Authorised Representatives of Sandford Capital Pty Ltd (ABN 82 600 590 887), Australian Financial Services Licence No 461981, and are authorised to provide advisory and dealing in connection with investments to wholesale clients only.