Can “Food is Health” be a venture investing thesis? I have been following
Carter hasn’t just been talking about it. iselect Fund, I am told, has invested in 75 startups, deploying more than $200Mn on startups improving food and health.
When I chatted with Carter Williams earlier this week, he shared an interesting point of nuance. “Food is Health” is very different from “Food is Medicine”. The latter is a temporal phenomenon. The former sets the foundation to make the food system, umm, healthy without seeing the doctor. After all, it doesn’t make sense to make food cheap and pay an arm and a leg for healthcare. The global pharmaceutical industry is projected to grow to $1.9 trillion by 2027.
As I discuss in my Global Agritech 101 course, food and agriculture systems are currently evolving through creative forces of destruction operating under mechanism and organism paradigms simultaneously.
Why are insets more important than offsets? What is the opportunity in transforming 60K SKUs of your neighborhood grocery store? What is the role of fortification in food systems? How do we transform price signals to reflect nutrition density?
I am excited to talk with Carter in the next Agribusiness Matters Townhall on 13th February, 9-11 PM IST//930-11 AM CT//330-530 PM GMT. Members can RSVP on the bi-monthly town hall schedule page.