Seth Tibbott, founder of Turtle Island Foods (Tofurky), recounts securing his first kitchen facility in Oregon to start commercial tempeh production.
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“So I went to the local co-op, Forest Grove, and asked if they would rent me their kitchen at night, and they said, yeah, we can rent it out to you for 25 dollars a month.”
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More from Seth Tibbott
Disclosure
Tofurky refuses to sell outside equity to maintain independent mission control.
“We haven't sold equity yet. You know, we'd like to keep our equity so that we can keep the mission at the center of our lives, and so that nobody can tell us what we can do or can't do.”
Tibbott: Livestock takes 15 pounds of grain to produce one pound of meat
“You know, you take 15 pounds of grains and put it in to an animal, and you get maybe eight ounce or a pound of meat. As opposed to if you feed grain directly to people, boom, you know, you've saved so much grain and resources and land and everything”
Tibbott: Tofurky uses debt rather than equity to preserve mission control
“We've, we have just borrowed some money from ethical investor that we really feel. But it's a loan. No, it's a loan. We haven't sold equity yet. You know, we'd like to keep our equity so that we can keep the mission at the center of our lives, and so that nobo…”
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