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The Most Successful Plant-Based Meat Entrepreneur Ever? Yves Potvin’s Konscious Foods

Business for Good Podcast

Release Date: 09/15/2023

Premature Obituaries? Bruce Friedrich’s Optimism for Cultivated Meat show art Premature Obituaries? Bruce Friedrich’s Optimism for Cultivated Meat

Business for Good Podcast

Upon reading his obituary, Mark Twain reportedly wrote that “the reports of my death are greatly exaggerated.” Whether Twain actually wrote this or not, the reality remains that today the reports of the death of cultivated meat are indeed quite real. Yet Bruce Friedrich, the president of the , is here to tell you that he believes such reports are not based on science and are indeed greatly exaggerated.  Few people have done more to inspire others to pursue alternative protein—including cultivated meat—as a strategy to ameliorate world problems than Bruce. I’ve known Bruce...

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Defying the Odds: Orbillion Bio Raising Capital for Cultivated Meat in 2024 show art Defying the Odds: Orbillion Bio Raising Capital for Cultivated Meat in 2024

Business for Good Podcast

If you follow the cultivated meat sector, you know that the last couple years have been tough. Some companies have gone under, others have gone into hibernation, and others have shed staff in cash-conserving layoffs. Major publications have published opinion column obituaries for this industry, yet the work goes on. Part of that work is that of , a B2B cultivated meat company which successfully , surely a Herculean feat. Having now brought in $15 million, while the Orbillion technology is complex, the business model is simple: grow high-quality wagyu beef cells and then sell those cells...

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The Past, Present, and Future of Cultivated Meat with UPSIDE Foods’ Uma Valeti show art The Past, Present, and Future of Cultivated Meat with UPSIDE Foods’ Uma Valeti

Business for Good Podcast

No cultivated meat company has raised more capital than UPSIDE Foods. In 2022, after having already raised about $200 million in previous rounds, the company raised another with a company valuation north of the coveted $1 billion unicorn status. No company in the space has garnered more media attention, both positive and critical, than UPSIDE Foods. No company has as much volume of cultivation capacity as UPSIDE Foods. No company is as old as UPSIDE Foods, as it was the first startup formed to take this technology out of academia and work to commercialize real meat grown slaughter-free....

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Fishing for Progress in Asia: Avant Meats show art Fishing for Progress in Asia: Avant Meats

Business for Good Podcast

Asia is leading the world when it comes to semiconductors, solar panels, wind turbines, and other technologies critical for the future. In a time when several US states are  the sale of cultivated meat, Asia seems to be leaning into the technology, and one of the most mature companies in the space there is .  Founded in Hong Kong in 2018 and having raised about to date, Avant Meats is focused on making a dent in Asian seafood demand. In this episode, Avant founder and CEO Carrie Chan discusses why her focus is seafood, what scale she’s at and where she hopes to soon go, and how...

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Fishing for High-Margins in Cultivated Seafood: BlueNalu’s Path to Scale show art Fishing for High-Margins in Cultivated Seafood: BlueNalu’s Path to Scale

Business for Good Podcast

BlueNalu is one of the better-funded companies when it comes to cultivated meat. Having raised more than $100 million, including about $35 million toward the end of 2023—a notoriously difficult time to fundraise—their founder and CEO Lou Cooperhouse is optimistic about their path to success. But as you’ll hear in this episode, Lou isn’t working to compete against the commodity meats like chicken, pork, and beef. Rather, he’s pursuing a strategy to compete against products that are exponentially higher-cost, like bluefin tuna, which can often sell for more than $100 a pound. In this...

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Is the Future of Cultivated Meat in Thailand? Aleph Farms is Betting on It show art Is the Future of Cultivated Meat in Thailand? Aleph Farms is Betting on It

Business for Good Podcast

When you think about cultivated meat, Thailand isn’t exactly the first country that comes to mind. Sure, you may think about the US, Netherlands, Israel, and Singapore. But the Southeast Asian kingdom is where Israeli cultivated meat juggernaut Aleph Farms recently announced its first commercial factory will be.  Having just received Israel’s first regulatory approval to sell cultivated meat—and the world’s first regulatory approval for cultivated beef in particular—Aleph Farms CEO Didier Toubia discusses his company’s rollout strategy with me in this conversation. As you’ll...

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Flying Cars or Electric Cars? Isha Datar’s Thoughts on Where Cultivated Meat Tech Stands Today show art Flying Cars or Electric Cars? Isha Datar’s Thoughts on Where Cultivated Meat Tech Stands Today

Business for Good Podcast

When the New York Times recently ran an  declaring the infant fatality of the cultivated meat industry, Isha Datar, CEO of , was quoted as saying of the sector, “this is a bubble that is going to pop.” Given that New Harvest is intended to promote and advance the field, what did Isha mean by this? She expounded on that thought in a asserting that while she disagrees with the columnist’s conclusion that cultivated meat can never become a viable reality, she believes that the sector has been plagued by “exaggerations, lies, and broken promises.” In this episode, Isha and I talk...

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Mark Post, A Decade After the First Cultivated Burger show art Mark Post, A Decade After the First Cultivated Burger

Business for Good Podcast

In 2013, Dr. Mark Post  when he debuted the world’s first-ever burger grown from animal cells. Weighing in as a quarter-pounder, the burger carried a price tag of a mere $330,000—all of which was funded by Google co-founder Sergey Brin.  A decade later, what does Mark think about the movement and the industry he helped birth?  When his burger was debuted, a grand total of zero companies existed to commercialize what would come to be called cultivated meat, no serious investment dollars had flowed into cultivated meat research, yet hopes were high that such meat would be on...

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Are Smaller Cultivators the Answer for Cultivated Meat’s Success? Niya Gupta Thinks So show art Are Smaller Cultivators the Answer for Cultivated Meat’s Success? Niya Gupta Thinks So

Business for Good Podcast

Some of the companies in the cultivated meat space are betting that massive stainless steel cultivators—think 100,000L to 250,000L—are the path to commercialization. Niya Gupta, CEO of , is thinking smaller.  She argues that there may be a more realistic path using a , void of the impellers that agitate the more conventionally used reactors in the sector.  Founded in 2018, the company was spun out of , the first-ever cultivated animal product company which is now focused on materials like leather rather than meat. Having raised more than $20M in its first six years, Fork and Good...

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Josh Tetrick on the Future of the Cultivated Meat Movement show art Josh Tetrick on the Future of the Cultivated Meat Movement

Business for Good Podcast

If you listened to the , you already know that there’s an updated paperback edition of my book that’s coming out April 9, 2024. I announced in that episode that, aligning with that release, this show will be devoted for a couple months exclusively to interviews with leaders in the cultivated meat space, many of whom are profiled in the book.  And there’s perhaps no person in the cultivated meat sector who’s generated more headlines than Josh Tetrick, CEO of both and . Along with people like Mark Post and Uma Valeti, both of whom will also be guests in this podcast series,...

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Nearly all startups fail. Often even founders with a successful exit under their belts have stories of entrepreneurial strikeouts prior to or after their home run. But every once in while there’s a founder who seems to have the Midas touch who just keeps winning.

No, I’m not talking here about Elon Musk. Rather, I’m talking about Yves Potvin. The classically trained chef pioneered the plant-based meat movement, founding Yves Veggie Cuisine in the 1980s, which was acquired for $35 million by natural foods giant Hain Celestial. One successful exit is rare, but Yves went on to then found Gardein, which brought alt-meat to even higher heights and was eventually acquired by Pinnacle Foods for $175 million.

Rather than resting on his laurels and retiring into the Alt-Meat Hall of Fame (which if it existed he’d certainly be in it!), today Yves is betting that entrepreneurial lightning will strike a third time. He’s just launched a new brand called Konscious Foods which aims to bring fish-free seafood to the masses, starting with sushi and other Japanese delights.

Rather than relying on extruded plant protein isolates—the core of Gardein’s products, along with most other alt-meats—Konscious is using whole vegetables like tomatoes, carrots, eggplant, and konjac as its core seafood replacers. But Konscious’ frozen sushi, poke bowls, and onigiri don’t taste like vegetable rolls. Rather, since Konscious acquired the IP of the defunct alt-seafood company Ocean Hugger Foods, the vegetables are prepared in such a way as to give the feel and taste of products like tuna, crab, and so on. 

Already they’re in Sprouts and Whole Foods (see their frozen sections), and you can even get sushi made at the Whole Foods sushi counter with their fish-free fish product. 

In this interview, Yves and I talk about his life, success, struggles along the way, and lessons he’s learned during his multi-decade career seeking to replace animals in the food system with healthier, more humane, and more sustainable options. 

Discussed in this episode

More about Yves Potvin

Yves Potvin has dedicated his culinary career to creating healthy, tasty, convenient foods that can now be found in institutions across North America. In 2017, Yves bought Pacific Institute of Culinary Arts in Vancouver, and he is excited about training the next generation of chefs while infusing nutrition studies, sustainable practices and new technologies into the curriculum.

Trained as a classical French chef, Yves successfully built two health-focused food companies. His first, Yves Veggie Cuisine, grew to become the largest refrigerated meat-alternative producer in North America. It was sold to the Hain Celestial Group in 2001. Yves then founded Garden Protein International in 2003 to create a meatless product line called Gardein, which redefined the plant protein category and became a game changer in this fast-growing segment. Gardein received many awards including Better Homes & Gardens’ Best New Product Award 2014, Canadian Grand Prix Award (four years in a row), and the National Restaurant Association’s 2014 Food and Beverage Innovation Award. Yves is now the founder and president of Konscious Foods, offering consumers with conscious and convenient plant-based seafood.

Yves has been recognized for his career achievements, receiving the BC Food Processors Innovation Award in 2014, Mercy for Animals Innovative Business Award 2014, BC Export Award 2014 for Sustainability, and Canada’s Top 40 under 40 Award from Financial Post magazine. Yves served on the UBC Faculty of Land and Food Systems Advisory Board from 2007-2018, and on the BC Ministry of Agriculture Board of Advisors.