This article caught my eye today and I thought of the CR FBR has been doing over the years. Despite the comments of some people in here labeling FBR as a "lifestyle" company, the fact that investors, sophs, BKW, FIL, M&G has continually giving funds for FBR to continue is a sign that they have faith in FBR being successful one day. I believe even @Armsofanangel has been patiently waiting for the day.
disallowed/business/companies/lights-out-for-blackbird-backed-alternative-meat-start-up-20240409-p5figq.html
“Those COVID years are a blur,” she said. “There was one crisis after another with staff shortages, supply chain disruptions and skyrocketing costs.”Since raising roughly $9 million from BlackBird and other investors in 2018, Sukul Lee said Sunfed had not received any additional investment capital.“Sunfed’s existing venture capital investors were no longer interested in supporting the business,” she said.“Long-story short, Sunfed’s venture capital investors had written Sunfed off.We ran very lean for far too long, with not much resources for growth activities such as distribution and marketing,” Sukul Lee added.
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