In this 3-part series, we’ll share the lessons from agtech startup founders who have grown their agtech companies from idea to at least 100 employees. We’ll be examining what’s worked (and hasn’t), differences between agtech and other industries, and what the founders have learned along the way about the industry and themselves.
This episode, the first in the series, features Michael Gilbert, CEO and founder of Semios, a crop management platform initially focused on tree fruit, nuts and vines, based in Canada.
Michael has a PhD in chemistry and started his career in pharmaceuticals and biotech, before realizing his knowledge could be applied to agricultural inputs. This initial idea has led him on a journey from biologicals, to creating a company with more than 300 employees and over $225 million in external capital raised to date.
The importance of iterating your idea, technology, and business based on customer input.
Hiring tips and challenges as you expand from needing generalists to specialists.
How to create a culture that rewards failure (and why this is hard in an agricultural context).
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.