Disclosure certainty 4/5 debate potential 1/5

AgFunder is raising a $20M fund to co-invest alongside platform investors

Robert LeClaire · EP 450: 14 Ag Companies Raise $32M Using AgFunder.com with CEO Rob Leclerc · Oct 17, 2016 · at 5:08

Robert LeClaire, co-founder and CEO of AgFunder, announces the platform's pivot from a pure marketplace to raising and deploying an investment fund.

0:00 / 0:14exact quote · 14.4s
720p mp4 · rendered on demand · StarZero watermark
“So we're basically raising a capital fund twenty million dollar capital fund. We will be then investing in all of the companies on the platform. And then effectively we invite now investors to co-invest alongside of us.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Robert LeClaire

Assertion Supported
Agriculture represents 10% of global GDP but 0.3% of investable assets
“So globally, agriculture represents about 10% of global GDP, but only about .3% of the world's investable assets are allocated to this space.”
Robert LeClaire Oct 17, 2016 ▶ 2:22 EP 450: 14 Ag Companies Raise $32M Using AgFunder.com with CEO Rob Leclerc
Insight
Rob Leclerc: Online financial marketplaces eventually evolve into asset managers
“This is a sort of the case with all basically online financial marketplaces. They start off as pure marketplace and then effectively move over to be more of an asset manager or online venture capital firm or private equity firm or online kind of lender.”
Robert LeClaire Oct 17, 2016 ▶ 4:37 EP 450: 14 Ag Companies Raise $32M Using AgFunder.com with CEO Rob Leclerc
Assertion Not checkable as stated
Agtech had one global conference and zero accelerators when AgFunder started
“When we started AgFunder, I mean, this was like the dark ages of food tech and ag tech. There was there was one conference globally. There was zero accelerators. There was no data.”
Robert LeClaire Oct 17, 2016 ▶ 12:03 EP 450: 14 Ag Companies Raise $32M Using AgFunder.com with CEO Rob Leclerc
Disclosure
AgFunder plans to expand into farmland and traditional agribusiness investments
“Eventually we will be offering farmland. Eventually we'll be offering sort of more traditional agribusiness opportunities, emerging markets.”
Robert LeClaire Oct 17, 2016 ▶ 3:41 EP 450: 14 Ag Companies Raise $32M Using AgFunder.com with CEO Rob Leclerc
Assertion Not checkable as stated
AgFunder generated about $150,000 in revenue in Q1 2016
“For instance, in the first quarter of this year, We had revenues of about a 150,000 here in 2016.”
Robert LeClaire Oct 17, 2016 ▶ 4:53 EP 450: 14 Ag Companies Raise $32M Using AgFunder.com with CEO Rob Leclerc
Assertion Supported
AgFunder has raised about $1.8M in venture funding from 500 Startups
“We have venture funding. We were backed by 500 startups went through their accelerator. So we have about 1.8 million in in funding.”
Robert LeClaire Oct 17, 2016 ▶ 5:42 EP 450: 14 Ag Companies Raise $32M Using AgFunder.com with CEO Rob Leclerc
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.