S8E93: Eric Levesque / Cultivatd - How Gaming & Poker Led Me to Going All-In on Vertical Farming
Episode Summary
In this episode, Eric Levesque returns for Round 3 to share his journey of being a former gamer and professional player and the twists and turns that led him to the world of vertical farming. Eric emphasizes the importance of hyper-local food and why he’s excited about the potential for new crops like mushrooms to play an important part of in the future of indoor grown. Eric also highlights the significance of reflecting on one's goals and values, pivoting business models, and building a culture that values respect and flexibility. Cultivatd's unorthodox hiring process and emphasis on creating a culture of respect and flexibility make it a leader in sustainable and innovative business practices for a brighter future for the food industry.
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Key Takeaways
- Discover how Eric’s experiences in gaming and poker prepared him for the world of entrepreneurship.
- Learn why reflecting on one's goals and values is important for avoiding burnout and building a sustainable business.
- Find out why vertical farming is becoming a necessity for providing both human food and animal feed.
- Explore the movement towards hyper-local food, where food is grown and distributed within a 25-50 mile radius, and the benefits it offers over traditional local food.
- Understand the importance of pivoting business models and being introspective to avoid getting lost in success or blaming others for failures.
- Learn about Cultivatd's unorthodox hiring process and culture that values respect and flexibility.
- Get excited about the future of the food industry and the potential for mushrooms as a part of the future of food.
- Discover the growing interest in vertical farming and the potential for larger conferences and more attendees.
- Find out how Cultivatd is leading the way towards a brighter future for fresh, locally grown produce.
Tweetable Quotes
“You need some insane mental endurance. You would not believe how much focus it requires because in those games you're playing in real time against just one other person usually and the tiniest mistake can cost you a lot of prize money.”
“It's always been go go, but I'm pretty good at reflecting back. I think it's really important for you to just not lose yourself in that process and to reflect on what it is you're doing, because your goals will change quite a bit throughout your life. And if you're not paying attention to that, I think you can get kind of lost in that rat race of you're just chasing something that never ends.”
“These farms that reduce 90% to 95% of water, they will be encouraged and incentivized in ways that we can't think of right now because we just don't have a choice. Currently, about 25% of all the people on the planet already don't have access to clean drinking water. 25% is staggering. And that's getting worse and worse. There's over 1.5 million people a year that die just due to lack of water intake every year on the planet. So these problems are huge and they're only getting bigger.”
“You have companies like Unfold and some of these newer ones that do seed genetics, that are working with seeds to make them have a better taste profile, a better crunch profile, better flavor, more nutrients.”
Resources Mentioned
Eric’s LinkedIn – https://www.linkedin.com/in/eric-levesque-a03a33163/?originalSubdomain=ca
Eric’s Email – eric.levesque@cultivatd.com
Cultivatd Website – https://cultivatd.com/
Connect With Us
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Sponsor Links
Cultivatd’s Website – https://cultivatd.com/
Cultivatd’s Instagram – https://www.instagram.com/cultivatdco/
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Cultivatd’s Facebook – https://www.facebook.com/cultivatd/
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Speaker:gaming, professional poker, and all the twists and turns that have led him
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Speaker:the importance of hyperlocal food, why he's excited about crops like
Speaker:mushrooms that will be playing a growing importance in the
Speaker:future of indoor farming. And Eric also highlights
Speaker:the significance of reflecting on our own goals and values, pivoting business
Speaker:models, and also building a culture that values respect and
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Speaker:hiring process, but for him, what's more important is the emphasis on
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Speaker:It's SteelSeries. That's the manufacturer? Yeah, it's like
Speaker:a gaming brand. They make keyboards and everything for gaming,
Speaker:keyboards and mice and stuff. Are you a gamer? Were you a gamer? I was
Speaker:a huge gamer when I was younger. Yeah, huge, huge, huge.
Speaker:Came hand in hand with playing poker, I think. You know, got to burn your
Speaker:time. When you get mad with poker, you play video games. When you get mad
Speaker:at video games, you play poker. There's a correlation between
Speaker:gaming and poker, I think, right? Yeah, definitely.
Speaker:The community like crosses over quite a bit. What was the first game you ever
Speaker:played? The first game I ever played, I don't know.
Speaker:My parents never let me have a one of those consoles
Speaker:even though I asked for one for Christmas pretty much every time. So I
Speaker:always had to stick to PC games. So I played a lot of like pretty
Speaker:complex real-time strategy games and that's kind of where I
Speaker:started and then that evolved into some pretty competitive nature which then
Speaker:transformed into the poker career and then, you know, do a
Speaker:little bit of poker and video games on the side. Is it one of those
Speaker:keyboard games where just everything's with the keyboard? Like at a mouse? Yeah,
Speaker:yeah, yeah. It's like, uh, yeah, that the first game I played, like
Speaker:your actions per minute are supposed to be like 350 to 400 per minute.
Speaker:So you're just lightning on the keyboard. It takes a lot of hours to
Speaker:get into it, but it was really cool. Were you just too early? 'Cause now
Speaker:you missed— well, you didn't miss it, but there's the whole esports wave now, which
Speaker:they're like making millions of dollars now. Yeah, I definitely did miss the
Speaker:wave. I played for some of those teams. Like I was a bit older. I
Speaker:was definitely older than the crowd. Okay. But yeah, like when StarCraft II,
Speaker:which was like the really big game where all that started kind of happening, came
Speaker:out, I was much older. It took like 10 years before—
Speaker:between the first game and the second one to come out. And so yeah, I
Speaker:just put in a lot of time into the second one for the first year
Speaker:or so, just, you know, it requires so much time and so much
Speaker:dedication to play that at that level that you can't really be doing anything else.
Speaker:And, you know, as a 25-year-old or somebody older than that, you should probably not
Speaker:be spending 8 hours a day playing video games, so. What is it that people
Speaker:like don't get when they're looking at it from the outside? Because it just looks
Speaker:like someone banging away on a keyboard. They consider themselves athletes,
Speaker:and it's— there's— you need some endurance or something to
Speaker:play at that level. Like, what separates like the top level from the folks who
Speaker:are just doing it for fun? You need some insane
Speaker:mental endurance. You would not believe like how much focus it requires,
Speaker:because in those games you're playing in real time against just one other person usually,
Speaker:and the tiniest mistake over 1 second can cost you a
Speaker:40-minute game. And a lot of prize money. Like some of these games now,
Speaker:they're the top prizes for a tournament, $1 or $2 million. So
Speaker:it's pretty shocking how much time and effort they put into it, but they train
Speaker:a lot. And obviously if you're fit physically and fit mentally, it's going to help
Speaker:you to stay sharp. So before, I feel like gamers had this connotation of
Speaker:being overweight and hiding in their basement, but now they're all in the gym pumping
Speaker:iron and eating super clean and they have like, you know, mental health
Speaker:coaches and stuff. Yeah, it's pretty cool to see. That's crazy because that was gonna
Speaker:be my next question, like what's a workout regimen look like for an esports
Speaker:gamer? They work out like similar to what an athlete would.
Speaker:It's pretty cool. And then like how did you ever make the transition to poker
Speaker:then? So I think when I first
Speaker:started— yeah, kind of a complex question, but
Speaker:I worked a handful of jobs. I was a teacher for a little bit. Okay.
Speaker:And the 9 to 5, like that job was definitely not for me. I just
Speaker:kind of got pushed into it. Both my parents were teachers, my sisters are teachers,
Speaker:so was just kind of the natural progression of, oh, I guess, you know, I
Speaker:should follow along in the family business. But did you study how to be an
Speaker:educator or education? Yeah, exactly. I studied— I was studying to become a
Speaker:teacher. Okay. And so yeah, I did that for a handful of years, just mostly
Speaker:supply teaching, but I just kind of go in every day and that wasn't
Speaker:really the job for me. And I had done a handful of other jobs while
Speaker:just kind of looking to find my niche. And you work for these big corporations
Speaker:and you try to make an impact and it's so hard to climb the ranks.
Speaker:You just feel so undervalued in those big ones. And so I had played poker
Speaker:to kind of supplement my income on the side. And, you know, that
Speaker:was something that took me away. Like, it took me a
Speaker:while to really get to where I needed to be, but it just like allowed
Speaker:me the freedom of having my own schedule, which is what I wanted the most,
Speaker:which is what I feel like most people today want, is that freedom of time.
Speaker:But it was not the greatest lifestyle. There's a lot of ups and a lot
Speaker:of downs. Obviously, you live a little bit like a vampire. And,
Speaker:you know, although it was great for me for a time, I started
Speaker:realizing as I got older, there's no way I can sustain this life lifestyle.
Speaker:And, you know, it's not something that most people want to be involved with
Speaker:where it just doesn't seem like, unless you're in that little sphere,
Speaker:it's hard to understand, you know, just how those people live. And
Speaker:so that's actually how I got into vertical farming. I just was
Speaker:working and hanging out with Eric Burschnau, who's my co-founder. We played soccer together for
Speaker:the majority of our lives. Okay. And he had a little startup in the space
Speaker:and he was looking for basically employee number one. To do their
Speaker:sales. And I was so burnt out from that lifestyle. I just figured I'll
Speaker:give this a shot. Let's see what we can come up with. And I was
Speaker:in love right away. Like the fact that our team was 3 people, 4 people,
Speaker:like I was like, okay, what I'm doing here every single day actually matters. If
Speaker:I don't show up, these people are gonna miss me. These people are gonna miss
Speaker:my work because I'm 25% of the team or I'm 30% of the team.
Speaker:So right away when I was giving him ideas, you realize in a
Speaker:team that small, everyone has to contribute so much that like you have to have
Speaker:innovative ideas. You have to push the envelope. You have to be there
Speaker:grinding. And, you know, that's what really made me fall in love,
Speaker:like with video games, with poker, everything that I did previously, I just
Speaker:went all in on it and wanted to be the best at it. And I
Speaker:had never found that in my work life until this came about. And
Speaker:so it was the perfect fit for me. And then I just felt valued
Speaker:at work, which is something I had never felt before with these other conglomerations
Speaker:that I had worked for. So yeah, it really— I was hooked right
Speaker:away. And then I had the fortunate You know, timing of being in an
Speaker:industry that is absolutely booming, working with a good team and young.
Speaker:Yeah, exactly. Everything is going in the perfect direction. We grew so fast, we hired
Speaker:so many people. So it was just kind of a natural fit.
Speaker:And it's evolved from there over the last decade or so. Do you think
Speaker:it was something about— you talk about the gaming and talk about the poker, those
Speaker:are mainly individual pursuits, right? Because there's no,
Speaker:really not a lot of team. I mean, maybe in e-gaming is a little bit.
Speaker:But you're sort of responsible for your own schedule and you
Speaker:maintain your own lifestyle with like, especially with poker.
Speaker:And was it something that you were missing then, this connection with other humans?
Speaker:No, not so much. I think so. I actually, I've always kind of been
Speaker:like that. I've always kind of been doing my own thing a little bit solo.
Speaker:Even when I played sports, like I would play badminton, I did track and field.
Speaker:I always preferred the solo events versus the team ones.
Speaker:And it was just because then you have no one else to fault. If I
Speaker:win a tournament, I know I won that tournament. If I lose the tournament, it's
Speaker:because I did not perform the way that I should have. Yeah. And so it
Speaker:was really important for me when building out these teams to just make
Speaker:sure that I found like-minded individuals who believed in the mission, who believe in
Speaker:what you want to accomplish, and who are going to be on board because that
Speaker:friction is, can be so detrimental to a small
Speaker:organization. Like I was saying, when you're 5 people, 6 people, especially in the beginning,
Speaker:People better be believing in what you're trying to accomplish because there are some
Speaker:long days and a lot of stuff going wrong, and you have to be prepared
Speaker:every day. What was it about poker? Because we got to connect in
Speaker:Dubai and chat for a little bit, which is actually where I learned about it,
Speaker:which is cool because I got sucked into the Chris Moneymaker wave as well
Speaker:and, and played. And we've played a couple of times. We got to play a
Speaker:little bit in Vegas. But there's something about the poker specifically that I
Speaker:love. It's because you're— maybe because you're playing against another human being. So it's not—
Speaker:for me, it's not gambling. There's a lot of psychological aspects to it,
Speaker:and which I— from playing a little bit with you, I get the sense that
Speaker:you enjoy that part of it as well. Yeah, I mean,
Speaker:don't get me wrong, the game is definitely gambling. It's a gambling-based game
Speaker:unlike every other casino game. It's certainly not the same where it's a
Speaker:bit closer to chess and where there is a giant skill gap that can
Speaker:be achieved when you study and you understand exactly how the game can be played
Speaker:and how the psychology can be applied. Most people don't see it that way. because,
Speaker:you know, they've played for $5 with their friends one time and don't really understand
Speaker:the rules. But when you dive into it, it's one of the most beautiful games
Speaker:on the planet and it's really wonderful. So I played for a long
Speaker:time. I played, you know, I've played pretty much consistently since I'm 18, less
Speaker:so over the last 10 years or so since I've been in business, just to
Speaker:time and, and not needing it for income. But it has really
Speaker:helped me transition into business. The skills
Speaker:definitely apply of, you know, when to push and pull and how to
Speaker:build relationships and how to notice little micro trends and
Speaker:things like that. So it's something where I had a lot of anxieties
Speaker:leaving poker and coming into business, just feeling
Speaker:like maybe I didn't have the proper skills that would translate over, but it has
Speaker:really not been the case. You know, you have— you put in a lot of
Speaker:super high stress situations when you gamble for a living, obviously.
Speaker:And so yeah, it translated so well. It was kind of
Speaker:perfect timing. Like I said, it was a— it's been a perfect storm the last
Speaker:little bit. I think what people don't realize who don't play it on a
Speaker:regular level or have played it in person is the physical
Speaker:changes that happen in your body when you're in a high-stress
Speaker:situation. We were talking about a situation recently where I was bluffing
Speaker:and I had a bluff on the flop and the turn and the river, so
Speaker:3 times not having the cards at all, and my heart like
Speaker:was literally beating and I felt it in my chest and I'm staring at
Speaker:the other guy and I'm like— I'm Don't call, don't call, don't
Speaker:call. And it's so, you know, I guess if you're good enough, you can see
Speaker:those tells, you know, at the regular recreational level, you probably can't, but
Speaker:internally it's amazing. Like what physically
Speaker:happens to your body when you're put in that sort of that stressful situation.
Speaker:Yeah. It's actually really funny. Like I've played for a long time. I've
Speaker:coached a lot of friends. I used to have my own coaching website and, you
Speaker:know, that was one of the things where you would tell these people, okay, you're
Speaker:getting them ready to go play their first live tournament. And they've played online so
Speaker:much. Like, I'm ready. I'm like, you will be. Petrified when you sit at a
Speaker:table and you look at all these people who have been doing this for years
Speaker:and are so comfortable. Your hands will be shaking, your heart will be going, and
Speaker:they're always so confident that it won't. And I guess it's kind of like me
Speaker:doing these podcasts half the time. But yeah, it's— you
Speaker:cannot believe it. Like, your heart rate is going up to 180 when you're bluffing
Speaker:and you have nothing, and you think you've got— they got
Speaker:to be able to see this. Like, I am sweating bullets over here. Yeah.
Speaker:Yeah, it's like my leg is like bouncing underneath the table.
Speaker:And it's so funny because you can't even hide the handshaking. Like if I grab
Speaker:chips or I'm like going to make a bet, I can see my hand shaking.
Speaker:I'm just like trying to like keep it under the table, but it's these little
Speaker:things. And it's not even like I'm at $1/$2, so it's like, you know, a
Speaker:couple hundred dollars. I can't even— you've played at the highest levels as well,
Speaker:thousands and thousands of dollars. And I guess at some point,
Speaker:you know, if you can handle it at the the lower levels, it just becomes
Speaker:a little easier, I imagine. Yeah, it gets to a point where
Speaker:you kind of lose that unless you're playing in those like really big nosebleed games.
Speaker:But it's so much better that way. You're so much more comfortable. There's nothing fun
Speaker:about bluffing and just being sweaty at the table. So that's
Speaker:something that goes away with time. Obviously you become an expert at anything you
Speaker:do if you put in enough hours and, you know, it's an
Speaker:expensive education and it's, you know, it's very
Speaker:humbling where you start to think you're good and then you get into some higher
Speaker:games and you realize, wow, I do not belong here, but it's like anything else,
Speaker:you know, you have to really believe in yourself. And that's one of those games
Speaker:where you really have to trust your kind of inner monologue and your
Speaker:gut, because you have to be able to think like, I put in so many
Speaker:hours into this craft and I have to trust that, you know,
Speaker:I am good at what I'm doing and make the right decisions. Because especially in
Speaker:a game like that, when there's a lot of money at stake, people will chicken
Speaker:out on their decision and they say, oh my God, you know, I think I'm
Speaker:right, but If I am wrong, I'm going to lose so much. And then so
Speaker:then they make improper plays because they're scared of the money. So yeah, it's a
Speaker:lot of that also has translated into business. You know, I've had swings of up
Speaker:and down with money and it's really taught me that I've
Speaker:always been able to make it back. I've always trusted myself and that's what allowed
Speaker:me to grow so much. And in business, that's a big proponent. You're going to
Speaker:have to gamble once in a while. You're going to have to take risks. You
Speaker:know, you're going to have to hire new people. You're going to have to invest
Speaker:in something that where you're not sure whether it's going to go. And it's been
Speaker:like that for us. When we started this company and we've pivoted a
Speaker:handful of times, you invest a lot of money and time and every one of
Speaker:your staff is all chasing this one thing and you realize halfway through,
Speaker:this is not it. And you have to be willing to just abandon and move
Speaker:on to the next thing, even though you've invested so much time and capital,
Speaker:because you realize I could keep chasing this to just not look like an idiot
Speaker:because I've committed. But if I go all the way down this rabbit hole, you
Speaker:know, you're gonna burn yourself out and you know, you're gonna It's going to be
Speaker:detrimental to your company. So being able to let go of those things is
Speaker:monumental. I can totally see how the skills you've
Speaker:acquired in poker, that ability to be calm under
Speaker:pressure, it's needed. And a lot of people who get into business like
Speaker:don't have that skill set. So when they encounter that first bump, and especially as
Speaker:an entrepreneur, when you fall on your face the first time, or you lose thousands
Speaker:or hundreds of thousands of dollars in a deal or in a
Speaker:transaction or something that you thought was going to payoff for the
Speaker:business, it's the biggest gut punch like in the
Speaker:world. And, and physically what it does to you, it just kind of like deflates
Speaker:you. And if you're not prepared mentally, a lot of people I would imagine just
Speaker:kind of pack up their bags and just go back to the security of like
Speaker:a 9-to-5 job or something. I bet it happens all the time. And
Speaker:it's funny because I don't even really remember it happening in my company. And
Speaker:in the sense that I remember a lot of things we invested capital in that
Speaker:did not work out, And we just kept chasing and kept working. But
Speaker:none of those fazed me whatsoever. And that's probably because I had a decade of
Speaker:doing it and falling on my face in other aspects where it's just
Speaker:become the norm. But, you know, I'm a big proponent of failing
Speaker:fast, which is, you know, a pretty well-taught
Speaker:and well-known thing. Failure is not something bad. It's got
Speaker:this bad connotation of, I failed, it's over, you know, that's a
Speaker:big F, it's bad. That's not the way that life is. Every time you
Speaker:fail, if you see it as a learning opportunity, you can grow. You have just
Speaker:went down one of the million paths and you know that path is incorrect. Now
Speaker:there's one path less. And every time you fail, that's one path less that you
Speaker:have to explore and more time that you can spend going down the right way.
Speaker:Do you ever continue to get imposter syndrome? I mean, I think I
Speaker:go through different phases of it. I had it in the beginning, obviously, as an
Speaker:entrepreneur when I started my business. I had it when I started this podcast,
Speaker:like I was coming into this space and no one knew who I was. So
Speaker:a lot of it was just like, wow, you know, can I pull this off?
Speaker:And I feel like it happens, but at different levels with each new challenge
Speaker:that I take on. So definitely when I started
Speaker:in business, there was a time where, especially at the very
Speaker:beginning, I just had no clue what I was doing. It was so new to
Speaker:me. And I was like, you know, I'm a pretty bright guy, I could fake
Speaker:it. And We'll get there. And I just started faking it every day. And
Speaker:not in a bad way. I was just— you have to have some belief in
Speaker:yourself. Like, look, I figured out these other things that I had no clue. So
Speaker:I'll figure this out. And I was just faking it and faking it. And then
Speaker:we raised a round. Every day I'm waking up thinking I'm faking it. And
Speaker:then one day you wake up and you realize, I haven't been faking it. I've
Speaker:just been figuring it out. I've never been faking it. And now I'm here.
Speaker:And recently, I had a little spell of it. I think you and I chatted
Speaker:about this as well. But I had a little spell where I started thinking again,
Speaker:like, this is spiraling so fast. This is getting so big, this company. Like,
Speaker:we're all over the world. I traveled to maybe 15, 20 countries last
Speaker:year alone, and I'm on the move. We're hiring people all the time,
Speaker:conferences all over the place. It was strange. I was like, how did I—
Speaker:I don't even remember getting here. It just happened so fast. I've just— this is
Speaker:my life now, and it's polar opposite of what I was doing
Speaker:previously. So yeah, I think It's a pretty normal
Speaker:thing. I've spoken to quite a few people about it. And it seems like you
Speaker:said, it comes and goes in waves. But it's important to address when it
Speaker:happens. I think it's important to kind of be introspective and look at like, why
Speaker:am I feeling like this? And like, you do belong. And, you know, maybe
Speaker:you have some stuff to figure out. But that's just all part of the process.
Speaker:What's interesting is I was just thinking about the show. And I was like, oh,
Speaker:it's been a couple years. And I'm like, no, wait a minute. It's been 3
Speaker:years. It's been crazy. Like, I mean, started in 2020.
Speaker:This— we're in March now. And it's The third year of starting this show. And
Speaker:I'm just like, you know, sometimes you're such in this like go, go, go mode
Speaker:that you don't have time to sit back and see what you've done. We're closing
Speaker:in on 100 episodes with the show. And I'm wondering if it's— what
Speaker:it's been like for you, because, you know, we sort of kind of were introduced
Speaker:to each other around the same time with you getting started with Cultivated.
Speaker:And do you have the time? Do you think about like where you were,
Speaker:where you are now? Is it just go, go, go? Or do you— Do you
Speaker:make time to reflect on how the company's grown? It's always been
Speaker:go, go, go, but I'm pretty good at reflecting back. I think it's really
Speaker:important for you to just like not lose yourself in that process
Speaker:and to kind of reflect on what it is you're doing because your goals will
Speaker:change quite a bit throughout your life. And if you're not paying
Speaker:attention to that, I think you can get kind of lost in that rat race
Speaker:of you're just chasing something that never ends. And, you know,
Speaker:it's always I'm chasing something and then when you get that, It almost feels like
Speaker:you're not satisfied, and you're like, well, now I got to chase something else because
Speaker:I have nothing left to chase. And then you just keep making bigger and bigger
Speaker:goals for yourself. And that part is good because you should always be trying to
Speaker:better yourself and always trying to innovate and always just trying to be
Speaker:happier. But I'm pretty good at that now. I've taken some time,
Speaker:and my staff is also very good at that. And once in a while, we
Speaker:kind of reflect on like, hey, how did we get here? Like, where do we
Speaker:want to go? Is this exactly the direction we want to take? Because a lot
Speaker:of people, like I was saying. You get kind of caught up in that greed
Speaker:and that consumer lifestyle, which is just so normal nowadays. And
Speaker:taking a step back and just making sure that you're on the path you want
Speaker:to be is really important. So let's take a look back because
Speaker:if you think about what you had envisioned for Cultivated when you started
Speaker:and where you are now, like what's the team look like? How's it grown? And
Speaker:what have been some maybe surprises for you along the way?
Speaker:Yeah, we chatted about this on the last podcast as well a little bit, I
Speaker:think. But, you know, when you start a company, you have
Speaker:just— it's just an idea, right? Yeah. And you think this idea could
Speaker:become this gigantic thing if we could just— if all the
Speaker:stars could align. And so let's chase it to that. And you
Speaker:really need an ambitious goal because if your goal is too small, then it can't
Speaker:really turn into something special. So every entrepreneur dreams so
Speaker:big. And, you know, for us it was strange because it all
Speaker:materialized so quickly. We launched and I think
Speaker:we raised our first round the first month that we were in operation. So we've
Speaker:literally launched with just an idea and a website. And then all of a sudden
Speaker:we had a nice value and some money in the bank and we
Speaker:put it to good use right away. We got really lucky with some employees. First
Speaker:one actually that I hired was from your podcast, who is now our VP of
Speaker:operations. She's fantastic. So shout out to her. Thank you for that. Shout out to
Speaker:Erica. Yeah, absolutely. And so Yeah, it's such a
Speaker:strange thing. It's moved really quickly. And that's kind of what I was saying,
Speaker:you got to take a step back sometimes and take a look at it. The
Speaker:model has changed quite a bit. This company was supposed to be just me and
Speaker:my co-founder. I was just talking to a friend about this. It was only ever
Speaker:supposed to be 2 of us who were like, we don't want employees, we don't
Speaker:want, you know, all of this, but the idea was just too
Speaker:good. And we just hit such a vein in this industry.
Speaker:It just had to be done. And so we just didn't think about it. We
Speaker:just You know, the business model pivoted and changed, and we just went with the
Speaker:flow. I think that's why we grew so quickly. We didn't kind of,
Speaker:you know, we didn't say, oh, you know, the original plan was X, Y, and
Speaker:Z. And so should we do this? We just let it evolve. We let it
Speaker:become this living and breathing thing. And I mean, you've met most of my staff
Speaker:now. They're so wonderful. You know, it's easy for me to sit here and take
Speaker:credit and say, wow, look at everything I've done. But you've met them.
Speaker:Like, I would be nowhere without those guys. And everyone's on the same team.
Speaker:Everyone's on the same page. And we're battling every day and everyone helps each other.
Speaker:So. It's so easy when you can craft a team like that around you.
Speaker:So I always try to emphasize when people ask me for advice in terms of
Speaker:starting a business, the people you surround yourself with are 100% of how you're
Speaker:going to get there. And even just one bad egg out of 10 or
Speaker:20, like that's 5% or that's 10% of your entire staff. Plus,
Speaker:as soon as they start, you know, nitpicking at stuff, it can really crush
Speaker:that morale. So if you can keep morale really high, it's insane what a small
Speaker:team can accomplish in a short amount of time. Yeah, and kudos to you
Speaker:and Eric as well for building a culture of folks. And
Speaker:it's probably a testament to your style and hiring people who are
Speaker:similar to you in terms of like what you want to see happen.
Speaker:And I think giving them the flexibility. And then I think I get the sense
Speaker:that there was no specific job description written up for any of these positions.
Speaker:But I think I get the sense that you hired based on fit
Speaker:and quickly figured out if someone was, you know, made sense for the company or
Speaker:not. And I have had the ability to hang out with
Speaker:the team in Dubai for a couple of days. And just everyone on the team,
Speaker:it's interesting that they're all like sort of marching in the same direction, but with
Speaker:an enthusiasm and an energy level that it's rare to see
Speaker:sometimes on a team. You know, there's always some folks that are not a fit,
Speaker:but it seems like so far everyone that I've met and I've got to hang
Speaker:out with at the conferences, it's like there's this energy
Speaker:about them that's really contagious. Yeah, I don't know if we've spoken
Speaker:about this specifically, but My hiring style is very
Speaker:unorthodox, and that might be because I haven't been in business. And I've
Speaker:also been through a bunch of interviews, and you get frustrated with the process of,
Speaker:you know, how did you tackle a challenge when you were 14
Speaker:years old? Yeah. You know, it just seems so redundant to me, and it just
Speaker:didn't really seem to make sense. And so we've never really put a job posting
Speaker:up. We've never really hired for a specific role.
Speaker:We've never, you know, I don't— I'm assuming we have resumes on file, I would
Speaker:hope. But, you know, the way we do it is just, I'm lucky
Speaker:enough to have come across so many great people in this industry, people reaching out
Speaker:and saying, I love what you're doing. You know, I really want to participate. I
Speaker:want to be part of this. And then we just talk about the industry.
Speaker:And if it's a fit, I build a role around the person. It's a startup.
Speaker:Like, I could have 100 more employees if I could afford them. And
Speaker:there would be work for everybody because we're reaching out in every direction of this
Speaker:industry. But it's so important for people to
Speaker:be in a role where they not only desire that, but they
Speaker:feel valued and they feel like they're doing their best work. And it's
Speaker:really hard for somebody to say, okay, well, I'm applying for this marketing role
Speaker:and marketing is not exactly what I want, but I'm not sure how to
Speaker:get there. Where, look, there's so much work to go around. You can do
Speaker:a little bit of marketing at Cultivated and you could do a little bit of
Speaker:sales and you could do a little bit of something else as long as you're
Speaker:filling your day and you're being productive. And I think that's why the team is
Speaker:so happy. You know, we we don't have normal schedules. You work
Speaker:when you want. You work when you know you take as many vacation days as
Speaker:you like. You work in the office. You work from home. It doesn't matter as
Speaker:long as your work is getting done. And because of that, I feel like
Speaker:we get extreme productivity out of all our employees because they don't have the anxieties
Speaker:of thinking, "Oh my god! You know I have a dentist appointment and I got
Speaker:to ask for it off." You don't have to ask me. You're a normal person.
Speaker:You know people want what they want and. That's just the way it needs to
Speaker:be. And people thrive in an environment where they just feel respected.
Speaker:The things that I offer to my employees is just the way that I want
Speaker:to be treated and the way that every time I had a position or a
Speaker:job, that's all I ever wanted was, you know, oh, my mother's sick.
Speaker:Why do I need permission to go see my mother who's sick? That's just insane
Speaker:to me. And so we've built it that way and it really shows. Like you
Speaker:said, the staff is amazing and they're all marching in the same
Speaker:direction and The energy is something really undeniable at this company.
Speaker:I think the total count so far of people that have engaged with this podcast
Speaker:and then connected with you is 3 now.
Speaker:Yeah. Well, so when we did the first podcast, we hired
Speaker:Erica, who we're saying is just our VP of Operations now, and our Head of
Speaker:Business Development, Adam Abadi. He reached out after the second
Speaker:podcast. So I just can't wait to see who my third employee will be after
Speaker:this. I'm going to get a really good one, I'm sure. Brian, I think, told
Speaker:me he He listened to one of the episodes during the hiring process as well.
Speaker:So, there's a connection there. I could definitely believe it. Yeah, absolutely. It's been a
Speaker:great resource. That's for sure. Well, after this episode, I think when people
Speaker:hear about the culture, I wouldn't be surprised if you get some more
Speaker:folks sliding into your DMs now on Instagram. Yeah. Well, you know
Speaker:what? We're good with that too. Everyone who requests kind of an
Speaker:interview, we at least vet them. And if we don't have a role, we
Speaker:keep them in a warm pool and we kind of keep those conversations going. We
Speaker:keep those relationships. Because we grow quickly and we're going to need
Speaker:people as we go. So it's been nice. And this industry is, for
Speaker:the most part, really friendly and everyone cares. Like, we're all trying to
Speaker:get the same thing. We're all trying to heal the planet. We're all trying to
Speaker:make a difference here. So it's really easy to find people that
Speaker:are competent and nice to get along with. And the fact that I— it's so
Speaker:funny because I should be using this podcast to let people know that I'm thinking
Speaker:about growing my team as well. And I mean, if it's working for you, I
Speaker:might as well be like, well, because we're looking looking to expand out to maybe
Speaker:possibly more shows. So if anyone is listening, then maybe you
Speaker:can DM me and then we can figure it out and we can have that
Speaker:success story of people that started working with me because they heard me on this
Speaker:show as well. It's pretty good. I never had
Speaker:expected it to work in that fashion, but the leads and
Speaker:like the people who have reached out because they've heard me on this podcast have
Speaker:been fantastic. So cannot speak highly enough of the
Speaker:relationship you and I have had. It's been It's been worth every penny, that's for
Speaker:sure. So we talked about the conferences, and
Speaker:I can't even imagine what your count is in terms of places you've been. You
Speaker:talked about the different countries you've been as well. What has changed, or
Speaker:what have you seen in terms of the industry from the time you started
Speaker:attending to the most recent ones you've been at? The shows have grown
Speaker:a lot, that is for sure. It's nice, actually. I know, you know, you've been
Speaker:starting to come to shows. We brought you to AGRAME with us, which was fun,
Speaker:and you were just at Indoor AgCon with us as well. It's interesting
Speaker:because, you know, the news is kind of curated right now to make it seem
Speaker:like vertical farming is in some big downturn and
Speaker:everything's going by the wayside. It's important to remember this is still a
Speaker:new industry and, you know, the news curates in the way that it
Speaker:does. A negative story is a lot more appealing to the general
Speaker:population, unfortunately, these days than a happy one. You know, every
Speaker:industry's gonna have its growing pains and some of these larger players going by the
Speaker:wayside is not an indication of where this industry is going
Speaker:whatsoever. And, you know, we see that because we're in this industry and we're going
Speaker:to these conferences, the excitement is very real. The
Speaker:booths, you know, they're growing from 20 people exhibiting to 200
Speaker:exhibiting in a year or 2 years and 500
Speaker:attendees to 5,000 attendees. I mean, these are not small
Speaker:conferences. We went to MJ in
Speaker:Vegas, 35,000 attendees, you know,
Speaker:2,500 exhibitors maybe. And some of these other shows
Speaker:like the AGRAME were 5,500 people over 2 days. Like that show was out of
Speaker:this world. World. Some really big key players exhibiting. And
Speaker:like, this is not just like an abandoned hotel room. These are
Speaker:massive conference centers, and people are paying big bucks for
Speaker:tickets, and the speakers are world-class from billion-dollar organizations and
Speaker:talking about topics that are very well needed. So
Speaker:it's nice to see it's still going in that positive direction, and people
Speaker:are realizing more and more this needs to happen. 10 years
Speaker:ago, no one had a clue what we were doing. We would tell them, and
Speaker:they still Couldn't even grasp it. And now every single person I talk to is
Speaker:like, oh, wow, I've heard of this. My cousin is in this, or,
Speaker:you know, I've wanted to invest. And it's really something that we
Speaker:need to address. And it's nice to see it trending in
Speaker:that direction. Do you notice anything different regionally because you've
Speaker:gone to conferences in different countries? Are the
Speaker:questions, the concerns, the needs different in different regions?
Speaker:Yeah, absolutely. So, you know, there's shows in Europe,
Speaker:shows in the Middle East, and shows in North America are the ones we
Speaker:attend the most. The shows in the Middle East definitely have a different
Speaker:vibe, and that's because they really are incapable of growing the majority
Speaker:of, you know, just about anything. And so they have a big
Speaker:focus on animal feed, which is a big portion of this industry that is
Speaker:developing quickly. Obviously, the need for animal feed is even greater than the
Speaker:need for human food for consumption. So that side of things is
Speaker:becoming very important for us. But in general,
Speaker:everyone is just kind of going in the same direction, which
Speaker:is that this is a problem that needs to be addressed. And regardless of whether
Speaker:it's for animal feed or human feed, we are running out of water, we
Speaker:have run out of land. And these issues are a lot more serious than
Speaker:people take them currently. It's one of those things where you just kind of push
Speaker:it off and you're like, well, you know, I turn on the tap and water
Speaker:comes out. So why should I be worried right now? But That will not be
Speaker:the case forever, unfortunately, especially for the land and population
Speaker:rising. We crossed 8 billion population in
Speaker:November of last year. That population will grow to over 10 billion
Speaker:by 2050, which is a very short amount of time.
Speaker:For example, in 1960, we had only about 3
Speaker:billion population. So over the last 60 years, the population has grown by 5
Speaker:billion people. You know, we need to put those people somewhere. We need to feed
Speaker:them somehow. And we've already used all our land. We're using 70%
Speaker:of all fresh water on the planet currently for agriculture, for outdoor
Speaker:agriculture. And in the next 12 years, the need for that amount of
Speaker:water will grow by 50%, which is 105%,
Speaker:if you can do the math. And I don't know if you know, but there
Speaker:is unfortunately not 105% water on Earth. And
Speaker:so, these farms will become a staple. We
Speaker:cannot go without them. These farms that reduce 90 to 95% of water,
Speaker:They will be encouraged and incentivized in ways that we can't
Speaker:think of right now because we just don't have a choice. Currently,
Speaker:about 25% of all the people on the planet already don't have access to clean
Speaker:drinking water. 25% is staggering, and that's getting
Speaker:worse and worse. There's over 1.5 million people a year that die just
Speaker:due to lack of water intake every year on the planet. So
Speaker:these problems are huge, and they're only getting bigger.
Speaker:So this is something that we, you know, like I said, we've seen
Speaker:the writing on the wall for a long time and people are finally starting
Speaker:to adopt it. The war in Ukraine has been a huge, you know,
Speaker:showing of what happens to a really fragile food chain once when an
Speaker:event like that happens. The COVID-19 virus really,
Speaker:you know, messed with supply chains and we're lucky,
Speaker:you know, we're the most fortunate. We live somewhere where we don't really have these
Speaker:problems, so we don't try to pay attention. But the other places in the
Speaker:world who have been suffering are suffering infinitely worse right now.
Speaker:And if we can localize food production, we can make a real
Speaker:difference. And this will have to happen. And over the next 10
Speaker:years, this will happen. Absolutely. And we're glad to be
Speaker:positioned to help. And that's kind of why we made our platform the way it
Speaker:is, where most of our services are free. We realize how
Speaker:far behind we are, and that has to change. And we
Speaker:want to move as quickly as possible. So it's been a nice reception,
Speaker:but it's still not fast enough. And, you know, everyone who's in this
Speaker:industry, and I think I just heard this on one of your other podcasts, but
Speaker:we all want the same thing. We all want to do good. We all want
Speaker:to make a difference here. And it's nice that it's trending in the right
Speaker:direction, but it needs to go a lot faster. And so every time there's new
Speaker:companies popping up and new competition, We're just looking at it the wrong way.
Speaker:These are people who are helping as well, and it's going to take a combined
Speaker:effort of all of us to really get to where we need to be. Has
Speaker:the nature of the conversations or the requests in terms of the types of
Speaker:projects people want to start changed in those conversations with you?
Speaker:Yeah, they've definitely changed somewhat. We spoke about this
Speaker:before as well, but we used to just deploy more mom-and-pop
Speaker:shop farms where it would be a container farm or something small, and
Speaker:for some reason it was almost always in a really small city.
Speaker:And I guess the reasoning for that is that they probably have to import a
Speaker:lot of food there. It's hard for them to get more fresh access to food
Speaker:because they're not local and everything has to be shipped there. And they kind of
Speaker:have to rely on themselves, so they'll have the support of their community when they
Speaker:deploy that. But people are also caring a lot more over
Speaker:the last 10 years or so what goes in their body. I mean, when we
Speaker:were kids, we never looked at the calories. That didn't exist. We didn't know we
Speaker:were putting in their bodies. We were just We would eat what we were served
Speaker:and that was kind of that. Or just how colorful it was, like Lucky
Speaker:Charms. Yeah, exactly. And no one ever told you like,
Speaker:this food is bad and this food is good and you have to have the
Speaker:right amount of protein with carbs and that's how you're going to
Speaker:get to where you want to be. But people really care about that now.
Speaker:And it's good that they care about that because we've realized we've been
Speaker:putting some really terrible stuff into our bodies and look at how much
Speaker:better you perform and How much better your mental health is and your physical health
Speaker:is when you eat properly and you know where your food is coming from and
Speaker:it's not covered in pesticides and toxins and microplastics.
Speaker:And that part is really important and is also helping to grow.
Speaker:We're hoping that in the near future, the food miles will be something that has
Speaker:to be attributed to food packaging because that will really push our industry forward. So
Speaker:there's been some talk of moving that into legislation, whether that will
Speaker:happen in the near future or not. I'm sure is something big, large
Speaker:farms don't want. But the fact of the matter is that the average produce
Speaker:still travels 2,200 miles to your plate. That is a shocking,
Speaker:shocking, shocking statistic. As soon as you cut the plant, it starts to die. The
Speaker:nutrients drain from it. By the time the bag of lettuce gets to your table,
Speaker:there's nothing left in there. You're eating air, you're eating nothing. And it's
Speaker:something that needs to be addressed. So, you know, that's another
Speaker:cool thing about this industry is that You go to the store and you buy
Speaker:some of this lettuce and some of this kale and you're like, wow, I can't
Speaker:believe how good this tastes. It's not that it tastes good, it just tastes like
Speaker:what it's supposed to taste like. You're supposed to harvest it and eat it right
Speaker:away. It's not supposed to go in a truck and travel across, you know, state
Speaker:lines to get to you. Some of that stuff is really shocking
Speaker:and eye-opening. Shout out to our friend Ali Danyali who
Speaker:put me onto this book called The Secret Life of Groceries. It's one of those
Speaker:books that I did the audiobook version of it That you don't
Speaker:want to listen to because it's very disturbing. It covers the
Speaker:produce industry, it covers the shrimp industry in Thailand.
Speaker:And by the time you're done with the book, you almost feel like you can't
Speaker:eat anything without feeling guilty about what that food has gone
Speaker:through. They talked about some of this produce that gets
Speaker:pulled when it's so ripe that they say the tomatoes fall on the floor and
Speaker:they bounce. And they're basically kept in this
Speaker:homeostasis environment, sometimes for depending on the
Speaker:produce for a couple of days to a couple of weeks. And they've managed, you
Speaker:know, between the management of the ethylene that allows it to ripen, just
Speaker:controlling that specific aspect of it to the point where when
Speaker:it's ready to ship, then they turn it on. But what people don't know, and
Speaker:they somehow get tricked because they see a little vine on a tomato that indicates
Speaker:it's fresh, but it's not. And so I think if people understood literally what's
Speaker:happening and the machinations that have to happen for food to
Speaker:appear fresh after it's traveled 3,000 miles, I think it'd be
Speaker:a bit of a wake-up call for folks. Yeah, it's one of those things where
Speaker:people have an inkling of it, but it's one of those— it's
Speaker:tough to really open your eyes because then you're admitting that all the food you
Speaker:eat is treated that way. But food has been
Speaker:designed and engineered for travel, which is crazy.
Speaker:You know, you have companies like Unfold and some of these newer ones that do
Speaker:seed genetics that are working with seeds to make them have a better
Speaker:taste profile, a better crunch profile, better flavor,
Speaker:more nutrients, instead of, well, I'm making this seed so that when
Speaker:the plant is cut, it's able to live for 2 weeks to get
Speaker:to its destination. What a weird concept that, you know, no
Speaker:one ever thinks about, but you're putting that in your body
Speaker:and that's not what you want. Nothing's been sprayed with pesticides the entire
Speaker:time it was in the field until it's harvested. And You know, I'm sure
Speaker:you've done this the same way all of us have. You go to the store
Speaker:and you're doing your groceries, you buy a bag of salad mix and you
Speaker:put it in your fridge and you forget about it for 48 hours. And you,
Speaker:you pull it out and it's all wet and soaking and you're like, what's— it's
Speaker:already gone bad? It's because it's been in that transit period
Speaker:for 3 weeks. It should last in your fridge for a month. If you grow
Speaker:a head of lettuce and you cut it and you put it in your fridge,
Speaker:you can eat it 2 weeks later without any problems. But those
Speaker:bagged salads that turn to water after a few days, it's because they've
Speaker:already had that transitory period, and that's not what you want
Speaker:to be putting in your body. Yeah, I've been so much more conscious of it
Speaker:since starting the show. Shout out to Revel Greens, who is local here in
Speaker:Minnesota, and they've got a greenhouse here. And I, you know,
Speaker:in the beginnings, I think I would just pass by it. It is a little
Speaker:bit more pricier, but I think it just takes 2 or 3 times
Speaker:of like trying it, even just one time of trying it. My girlfriend tried and
Speaker:she's like, Wow, this is amazing how fresh, how crunchy, how
Speaker:much more flavor it has, how much longer it lasts. And now
Speaker:it's just— there's no turning back. Like, you can't flip over a bag of lettuce
Speaker:without seeing Salinas as the origin point of it.
Speaker:And it's just night and day. And I think it's just a matter of
Speaker:educating people and getting them to try it, because I think once they do,
Speaker:it's just a real aha moment. Yeah, I mean, it's the same for us, right?
Speaker:We're in Canada most of the time, and we're not growing food for at
Speaker:least half the year. So our stuff comes from especially far. Like,
Speaker:it's a— we're the prime candidates of the 2,200 miles to get to your
Speaker:plate. And it's something that I never really thought about
Speaker:or noticed until I got into this industry. But now every time I go to
Speaker:the restaurant, I order, I order a salad or something. It's strange, you
Speaker:kind of nitpick at it. I'm like, you could tell that this came from over
Speaker:here, you know, but that's not the way it should be. And then it makes
Speaker:you not want to eat out at restaurants, especially when you know how far they
Speaker:are from the source. And it's not to their fault. It's the only way that
Speaker:they can get lettuce is to import it from wherever or to get it at
Speaker:the store. But that is changing. This is a movement. And
Speaker:it's like you said, it's night and day. Once you have that, if you have
Speaker:that available to you, that it's been locally grown and you purchase it, you know,
Speaker:it's the same reason people love farmers markets. You go there and you get your
Speaker:meat. You know that that meat was, you know, it's ethical and it came
Speaker:from around the corner. You don't have to worry about whether it was factory
Speaker:farmed and pumped with something. And this movement
Speaker:is very important because it will define the future,
Speaker:and it's something so needed. So it's been kind of a slow burn,
Speaker:even though the industry moves at a mile a minute. It's still not enough,
Speaker:but we're getting there. We're definitely getting there, and it's nice to see. I think
Speaker:what I also found interesting is the definition of local. I heard somewhere
Speaker:that you can call something local if it comes within 400 miles, I
Speaker:think, or I don't know if it's— hopefully I'm not getting it too wrong, but
Speaker:it wasn't like local is like a couple of miles away. It's a big,
Speaker:big radius. And so what I've seen more folks talk about is this idea of
Speaker:hyperlocal. Hyperlocal meaning— I just had a conversation
Speaker:with Jonathan from Adapt Ag, and he talks about how one of the restaurants talk
Speaker:about their mushrooms as, I think, 500-meter mushrooms. I saw him post
Speaker:something about social, and that was a reference to the fact that it was
Speaker:grown with their partnership, like literally next door. So
Speaker:that's really hyperlocal, and I think maybe it's
Speaker:educating. Like these labels that people see, natural and local, they just assume that's
Speaker:good, but I think when you start to dig in, I think really hyperlocal
Speaker:is where the conversation should be, 'cause that really speaks to what we're doing, I
Speaker:think, in vertical farming. Yeah, it's funny, I was about to just
Speaker:name-drop Adept as well, because I know a lot of their farms are literally
Speaker:500 meters away from where they distribute those gourmet
Speaker:mushrooms. So shout out to them, because they've really been crushing it, And they're
Speaker:addressing something too. Mushrooms are a big part of the future and there's not too
Speaker:many people tackling that and they've been really great to work with. So
Speaker:that's another company you should definitely check out, especially if you're on that mushroom side
Speaker:of things. They've been crushing it and they've got some really cool stuff. But I
Speaker:wasn't aware of that description of 400 miles. I mean, it's silly to think
Speaker:400 miles would still be considered local because it's certainly not local, but
Speaker:it's funny that it's still more than 5 times better than what we're
Speaker:getting right now. We're saying that sounds silly and it's 5 times better than what
Speaker:we're getting currently. So, Yeah, I mean, most vertical farms, you're looking at about
Speaker:a 25-mile radius, maybe up to 50 miles, but 50 miles is
Speaker:perfect. You can drive 50 miles in an hour. That's not a problem.
Speaker:You know, if I found out that my food that was in the store got
Speaker:there an hour ago, I'd be thrilled. Yeah, I remember probably,
Speaker:was it the '90s when there was a big movement of farm-to-table? Like
Speaker:every— all these new restaurants were popping up, farm-to-table, farm-to-table, farm-to-table.
Speaker:And I wonder if there's going to be a new wave in terms of restaurants,
Speaker:like you mentioned, with what Adapt Ag is doing. I don't know what the new
Speaker:term would be, hyperlocal to table or something like that, but just restaurants that care
Speaker:about the entire destination or
Speaker:the process, right? That's becoming more of a thing. So a lot of the companies
Speaker:we work with right now actually have seed-to-harvest traceability. So a lot of them, the
Speaker:packaging will have like a QR code that you can scan and you can see
Speaker:Michael planted this seed November 2nd at
Speaker:4:45, and then it'll show you kind of 5 steps. It was harvested on this
Speaker:day, it was shipped on this day and it was delivered. And then you see,
Speaker:oh wow, it was delivered yesterday. Wow, that's amazing. How can you not buy it?
Speaker:Oh, it's a dollar more. That's— I'll gladly pay a dollar more for something I
Speaker:know exactly where it came from. I can trust the company. I can look into
Speaker:the company. I can vet it. And you know how fresh it's gonna be. So
Speaker:yeah, there's a bit of a price premium here, but the price of everything has
Speaker:been skyrocketing. And you know, if there's some things you shouldn't cheap
Speaker:out on, the food that you put inside of you on a daily basis is
Speaker:probably one of those things. Yeah. So we've
Speaker:chatted a couple times. Things have changed,
Speaker:obviously, and there's a lot happening in this industry. Everything is moving
Speaker:pretty fast. And so this might be— you might have a different answer for this
Speaker:than the last time I asked you, but what's a tough question you've had to
Speaker:ask yourself recently? Always with the good questions. What's a
Speaker:tough question I've had to ask myself lately? We've been
Speaker:thinking about pivoting some of our model again.
Speaker:And so I think it's just the tough questions. You're always asking
Speaker:yourself tough questions when you're in business, to be honest. So it's hard to kind
Speaker:of just pick one, but you know, I think you really have to be honest
Speaker:with yourself. We touched on this a bit earlier, but you can't be
Speaker:married to what you're doing. I think a lot of entrepreneurs fail
Speaker:because you spend so much time and effort in creating, you know, your
Speaker:baby and you're so happy with everything that you're doing. And it means
Speaker:so much to you that sometimes you realize that your company needs
Speaker:to go slightly a different direction or some things that you've chased, which which trust
Speaker:me, I have done quite a few times, are not going to materialize the way
Speaker:that you wanted. And you just have to let them go. You have to let
Speaker:them go because they'll drown you if you don't. And we've had a little bit
Speaker:of that lately in some models that we chased that we were really
Speaker:confident with, that we were so excited. And like, I dialed the whole
Speaker:team in, we're all chasing this thing and we're all excited. And then halfway through,
Speaker:you just think, wait, I just found a giant plot hole here and this is
Speaker:definitely not going to work. And to be able to drop that as a team
Speaker:and pick up the new thing and all start moving towards that new thing and
Speaker:everyone stays positive is crucial. So I don't really
Speaker:have a great example for you off the top of my head, but it's more
Speaker:of a— it's always an evolving conversation. It's always an evolving thing.
Speaker:And you have to take great care to be
Speaker:introspective to make sure that you kind of check yourself because you can
Speaker:get lost, especially when you get a few wins in a row. You start feeling
Speaker:like you can do no wrong and, you know, everything's always sunny side
Speaker:up. And then when something goes wrong, you want to start blaming something
Speaker:else. It can't be me, it can't be our team, we never make mistakes.
Speaker:So it's really important to just keep an eye out
Speaker:for that kind of stuff and be really proactive. And we chat with our
Speaker:whole staff. Everyone has an opinion that is valued equally, whether you're the
Speaker:CEO or you're the farmer or whatever, it doesn't
Speaker:matter. We just, we want your opinion. Everyone's in there working together every
Speaker:day. And so everyone is valued equally. And everyone has contributed
Speaker:ideas in terms of strategy for our company, regardless of their position.
Speaker:And I think that's another reason why, you know, we are the way we are.
Speaker:So we are recording this end of March 2023. What
Speaker:are you most excited about for the rest of this year? What are you looking
Speaker:forward to? We've got some stuff coming up that I can't announce just
Speaker:yet that we're working on, but I do have some stuff we're really excited about.
Speaker:We're going to do a little rebrand in the near future. We've got a new
Speaker:website launching. Like I said, there's some new stuff that we're
Speaker:changing. We're going to be announcing some new services as well.
Speaker:We've kind of found our niche even more as we go.
Speaker:We've been offering kind of everything for free and casting a really wide net,
Speaker:and it seems like people want more specialized services.
Speaker:And so we've been working at developing some frameworks for that. So we'll
Speaker:be launching some more formalized auditing of
Speaker:technologies and standard operating procedure documentation that we
Speaker:can build out. I think it's really important for
Speaker:some type of compliance to start entering this industry. We obviously just saw
Speaker:the closures of all these big farms and it's been kind of the Wild West
Speaker:and that's because no one was keeping anybody accountable. We were just kind of throwing
Speaker:stuff at the wall and seeing what sticks. And it can't be like that
Speaker:anymore because this industry, you know, this downturn is actually good in the
Speaker:sense that we're not faking it anymore. This is
Speaker:real. This needs to happen, and there's going to be some more diligence.
Speaker:There's going to be some more compliance. People aren't just throwing money at this and
Speaker:hoping it works. People are paying attention now, and it's got to be done right.
Speaker:And we're kind of going towards that direction. You know, we work with about
Speaker:65 companies or so currently, and there needs
Speaker:to be some compliance enforced in here to make sure that the people who
Speaker:are entering this have the best chance at success. And that was the core premise
Speaker:of starting this company, and that's really where we're headed. So we're doing an
Speaker:audit of a really large company right now. And then we've got a couple other
Speaker:that others that we're putting on the books. And I think it's really
Speaker:important that we kind of work together to make some type of
Speaker:certification or some type of documentation that shows,
Speaker:look, these people have been vetted and what they're promising is
Speaker:accurate. And so you can trust that, you know, your money is safe
Speaker:here and your dreams are safe here. So I think that's going to be over
Speaker:the next few years a really big proponent of this industry. I'm really glad you
Speaker:said that because I think it's— so people that are on the outside looking in,
Speaker:they just see the Fast Company article about, is this the hype of
Speaker:vertical farming over? And obviously, anyone who's outside has probably
Speaker:been sent that article by their friends and be like, oh, I heard you're in
Speaker:vertical farming. Is that still a thing? Without knowing the
Speaker:specifics of what's happening. But I think this idea of it growing up, I just
Speaker:had a chat with David Farkar, this idea of crossing the chasm.
Speaker:All tech cycles, they have their ups and downs, and I think
Speaker:weathering this dip and seeing who really has
Speaker:solid business practices, who really has a solid business model, those are the
Speaker:companies that are going to succeed. So I think things like these audits are going
Speaker:to be really good for the industry, so I'm glad to hear that. Yeah, absolutely.
Speaker:It's been a long time coming, and that's what I was trying to
Speaker:allude to earlier where the news is the news.
Speaker:you know, they want to make it seem like everything's on fire and the world
Speaker:is going to end. It's always been like that, but we live in a pretty
Speaker:good period of time where we all have it pretty easy for the most part,
Speaker:and it's important to realize that. But it's a new industry and there's going to
Speaker:be failures. You can't just do it right. I mean, 5 years ago, this
Speaker:thing barely existed, and now we're competing with outdoor
Speaker:crop prices, which is incredible to believe.
Speaker:And I mean, you've seen some farms as well as I have, where in the
Speaker:beginning you were going and it was not much in a warehouse, you know, some
Speaker:racks and some heads of lettuce, and they didn't look so
Speaker:healthy. And now you're looking at mega-scale farming with full,
Speaker:complete robotics and automation. And what we're headed towards,
Speaker:it needs more investment and it needs some patience, but we
Speaker:are getting there. And it's so, so, so important. So
Speaker:we just got to keep plugging away. But you're in this industry and you see
Speaker:everyone, everyone's still so excited and everyone loves what they do. And
Speaker:we're all moving in the right direction. And this downturn seems negative to maybe the
Speaker:outside world, but to those of us who are doing it and who have been
Speaker:doing it right, it really hasn't been much of a bother. Yeah. Well,
Speaker:Eric, my friend, thank you so much for coming on for round 3. I know
Speaker:sometimes it's— this is something that's, uh, you're wondering how these are
Speaker:going to go, especially with these first 2, but I hope Hopefully, you
Speaker:felt like this was a pretty good experience. I'm always happy to tell
Speaker:your story because I think you guys are doing great things and I want
Speaker:more people to learn about what's going on with Cultivated. Yeah, I think
Speaker:the more we get to know each other, the easier this becomes for me. And
Speaker:I like how you just tricked me into just recording the second I jumped on
Speaker:here without saying anything. So, that's definitely a bonus for me. I
Speaker:appreciate you taking the time and I'll be looking
Speaker:forward to round 4 next year. Yeah. Well, I appreciate the partnership with the
Speaker:podcast. really grateful for everything
Speaker:we've been working on together. Cultivated.com— I
Speaker:think you'd have to be hiding under a rock if you don't know all the
Speaker:details about where to find more information about Cultivated. But as always, we'll make sure
Speaker:all those links are in the show notes. So thanks again for
Speaker:taking the time to come on and giving us an update. Thank you. Thanks again
Speaker:to Eric, and returning to the show for round 3 to share a little bit
Speaker:more about his story that we hadn't heard before, and also about the great work
Speaker:that Cultivated is doing. As always, full show notes with summaries,
Speaker:key takeaways, shareable quotes, and resources mentioned are available at
Speaker:verticalfarmingpodcast.com. Thanks again to our Season 8 title
Speaker:sponsor, Cultivatd. If you are looking into a vertical farm and don't know where to
Speaker:start or which technology would suit your needs, reach out to them today. Best of
Speaker:all, their service is free because they work on behalf of their partners. Learn more
Speaker:at cultivatd.com, and that's spelled
Speaker:C-U-L-T-I-V-A-T-D.com. Just leave out that last E.
Speaker:Podcast production marketing provided by Fullcast. Learn more at fullcast.com. Thanks for listening.
Speaker:As a reminder, if you enjoyed this show or past episodes,
Speaker:please leave us a rating and review at ratethispodcast.com/vfb.
Speaker:Come on, I know you want to hear you get a shout out on
Speaker:the next episode, so do that. Tune in next week for my conversation
Speaker:with yet another fascinating leader from the world of vertical farming. This time it's Daphne
Speaker:Prias, CEO of Carbon Book. Until we meet again, here's to your
Speaker:health. Thanks for listening. To read the full show notes for this
Speaker:episode, Which includes any links mentioned in the episode, as well as
Speaker:a full show transcription, visit
Speaker:verticalfarmingpodcast.com. There, you can sign
Speaker:up for our email list to be notified when new episodes are
Speaker:published.
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