"Sara Menker, who was born amid the famine in Ethiopia, captivated investors with her vision for a climate-data startup that would use artificial intelligence to help fix the world’s broken food system" reports the Wall Street Journal.
Good Lord– artificial intelligence, climate data and a black founder… she must have been fending white liberal investors off with a stick. "Gro’s clients included Unilever and Bayer…" of course they did. "Menker spoke at the World Economic Forum in Davos, Switzerland in 2023"… of course she did. The only thing missing is a TED talk.
"The company is now in disarray. Menker was fired as chief executive in February after Gro’s board discovered the company had been late contributing to employee retirement plans and missed paying some payroll taxes during a cash crunch." Shocking.
Elizabeth Holmes & Sam Bankman-Fried have shown how easy it is to deceive our elites if only one displays the right tells.
"Common shareholders have been wiped out; Menker owns 80% of the common shares. Investors holding preferred shares have potentially lost their money; they would recover their principal if the company sells for about $200 million, a valuation some called plausible given the excitement around AI."
Ah, well, perhaps insiders can still milk
The willingness of our elites to
It is pleasing when leftist fantasies careen headlong into reality.