WEBVTT -  Growing Meat from Cells

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<v Speaker 1>Pushkin. Meat is expensive. It's costly, and it's costly in

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<v Speaker 1>a few different ways, on a few different dimensions. For

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<v Speaker 1>one thing, it just costs a lot to grow a

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<v Speaker 1>cow or to go out and catch a wild salmon. Also,

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<v Speaker 1>meat is costly for the environment. Cows are absurdly large

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<v Speaker 1>contributors to climate change and habitat loss. Wildfish stocks are declining.

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<v Speaker 1>Fish farming is associated with pollution. Also, a lot of

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<v Speaker 1>what farmfish are fed is wildfish, which in turn adds

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<v Speaker 1>to the decline in wildfish stocks. As a result of

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<v Speaker 1>all this, people are trying to figure out how to

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<v Speaker 1>make food that is like meat but does not require

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<v Speaker 1>growing and killing animals. Plant based fake meat has been

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<v Speaker 1>around for a while impossible beyond, but I would argue

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<v Speaker 1>that a limiting factor is right there in the name plant.

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<v Speaker 1>There is another strategy, a strategy that is technically harder,

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<v Speaker 1>that's not as far along, but that in the long

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<v Speaker 1>run might be more promising, growing meat from animal cells

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<v Speaker 1>without ever growing the animal. I'm Jacob Goldstein, and this

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<v Speaker 1>is What's Your Problem, the show where I talk to

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<v Speaker 1>people who are trying to make technological progress. My guest

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<v Speaker 1>today is Justin Kolbeck, Justin is the co founder and

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<v Speaker 1>CEO of a company called wild Type. Earlier this year,

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<v Speaker 1>wild Type started selling what they call cultivated salmon at

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<v Speaker 1>a few restaurants around the country. The key ingredient in

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<v Speaker 1>cultivated salmon is cells that originally came from a real salmon,

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<v Speaker 1>but are grown in a metal vat, kind of like

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<v Speaker 1>the way you brew beer. Justin's problem is this, how

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<v Speaker 1>do you grow salmon cells in a vat, turn them

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<v Speaker 1>into something that looks and tastes like salmon, and sell

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<v Speaker 1>that for the same price as wild caught salmon. Justin

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<v Speaker 1>started off by telling me about this thing that happened

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<v Speaker 1>about a decade ago. He was visiting his friend Aria

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<v Speaker 1>Elfinbine at Aria's lab in San Francisco. Aria is a

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<v Speaker 1>cardiologist and he was growing heart muscle cells in his lab.

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<v Speaker 2>What was really interesting about that visit is Ari and

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<v Speaker 2>I were both having a conversation about what's the best

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<v Speaker 2>way to make food. Should we think about a plant

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<v Speaker 2>based approach or should we use cells? And it was

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<v Speaker 2>an active debate because at the time, Impossible Food it

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<v Speaker 2>was rolling out at Momofuku in New York. There were

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<v Speaker 2>lines around the block. People were really excited about what

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<v Speaker 2>plants could do, and he showed me under the microscope

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<v Speaker 2>a dish with beating human cardiomyocytes. So these are human

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<v Speaker 2>heart muscle cells, and at the cellular level they have

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<v Speaker 2>a pacemaking ability, so they beat just like our heart does.

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<v Speaker 1>Each cell sort of regulates itself.

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<v Speaker 2>To be the cell. Yeah, like this is way before

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<v Speaker 2>it becomes the full organ. This is just like the

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<v Speaker 2>most basic building block of the human heart. And that

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<v Speaker 2>was a hugely impactful moment for me, because you know,

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<v Speaker 2>Ari had kind of always told me, hey, cells know

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<v Speaker 2>what to do all the way down to the most

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<v Speaker 2>basic level. They are programmed to become the building blocks

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<v Speaker 2>of our of our various parts of our body. But

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<v Speaker 2>seeing it beat was really an incredible moment for me, right,

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<v Speaker 2>And also it made the feet of turning cells into meat.

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<v Speaker 2>Sorry that that rhymed a bit I didn't intend it to,

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<v Speaker 2>did it seem a little bit more doable, quite honestly, right, Like,

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<v Speaker 2>here are these scientists that are growing functional human beating

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<v Speaker 2>heart cells for therapeutic purposes. Making a non functional piece

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<v Speaker 2>of meat just for human consumption seemed not trivial by comparison,

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<v Speaker 2>but a bit easier like, if.

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<v Speaker 1>You could literally grow human heart self that beat on

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<v Speaker 1>their own in the lab, surely we could make just

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<v Speaker 1>a slab of dead salmon for people to eat.

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<v Speaker 2>Yes, exactly. And you know, and I wouldn't say that

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<v Speaker 2>all of my doubts went away in that moment, but

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<v Speaker 2>I did get it. I understood the sort of power

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<v Speaker 2>of what this technology could do.

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<v Speaker 1>So you were already by this time thinking about food,

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<v Speaker 1>and in particular thinking about alternatives to traditional meat. Like

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<v Speaker 1>why why were you too thinking about that at that time?

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<v Speaker 2>I think we came at this from slightly different angles.

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<v Speaker 2>Ari and I. So my most recent overseas assignment as

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<v Speaker 2>a foreign service officer was in a place called Paktika, Afghanistan.

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<v Speaker 2>At the time I was there, which was two thousand

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<v Speaker 2>and oh, boy, ten to eleven, it's a long time

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<v Speaker 2>ago now, Afghanistan was the third most food and secure

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<v Speaker 2>country in the world, and the place where I was,

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<v Speaker 2>which was on the eastern part of the country right

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<v Speaker 2>on the border with Pakistan, was one of the most

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<v Speaker 2>food and secure provinces in that incredibly food and secure country,

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<v Speaker 2>and I saw people do incredible things to feed their families.

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<v Speaker 2>It was non inconsequential part of why a lot of

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<v Speaker 2>people signed up to become members of the Talban quite honestly,

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<v Speaker 2>to get a paycheck and essentially be able to feed

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<v Speaker 2>their family. I came home from that assignment thinking a

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<v Speaker 2>lot about food security, and so when Aria started talking

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<v Speaker 2>to me about the power of this technology, I got

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<v Speaker 2>really excited because it was at least part of an

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<v Speaker 2>answer to a question that had been tumbling around in

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<v Speaker 2>my head, which was where's all the food going to

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<v Speaker 2>come from for the next three billion people that are

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<v Speaker 2>going to show up on planet Earth? And by the way,

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<v Speaker 2>they all want to eat more like us here in

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<v Speaker 2>North America, So a lot of meat, a lot of dairy,

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<v Speaker 2>a lot of seafood. And it seemed like a very compelling, interesting,

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<v Speaker 2>partial solution to that.

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<v Speaker 1>So, okay, so you have this in your mind, you

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<v Speaker 1>see the beating heart cells through a microscope, right, and

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<v Speaker 1>then what like, how do you get from there to

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<v Speaker 1>deciding to start a company to make salmon out of cells?

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<v Speaker 2>So the first thing that I needed to get over

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<v Speaker 2>internally was does as technology have promised? And it was

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<v Speaker 2>clear to me that it did. The second thing was, Okay, well,

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<v Speaker 2>can we actually do it? And can we make enough

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<v Speaker 2>cells to cook something up and put it in our

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<v Speaker 2>mouths and chew it. And so that's what we did.

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<v Speaker 2>And so at the end of twenty sixteen we started

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<v Speaker 2>talking to potential for lack of a better word, rent

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<v Speaker 2>a bench locations on the West Coast. We ended up

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<v Speaker 2>at this great place that at the time was called

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<v Speaker 2>QB three. Now it's called NBC Biolabs in San Francisco.

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<v Speaker 2>They have a few of them now. But what was

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<v Speaker 2>incredible at the time is you could rent for I

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<v Speaker 2>think the price was eight hundred and fifty bucks a month.

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<v Speaker 2>You could have dedicated bench space. It wasn't much. It

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<v Speaker 2>was like the size of the dust that I'm sitting

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<v Speaker 2>at now.

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<v Speaker 1>But is it just full of mad scientists with weird

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<v Speaker 1>o dreams cooking things up? What's going on in there? Yeah?

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<v Speaker 2>And other than us and one other person who was

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<v Speaker 2>also working on some food applications, everybody was working on biotech,

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<v Speaker 2>healthcare type of stuff, right. And the advantage of this

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<v Speaker 2>place is at the time Ri n I still had

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<v Speaker 2>full time jobs and we were funding this from our

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<v Speaker 2>savings and from our salaries, so it didn't cost a

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<v Speaker 2>lot to get up and running. We had access to

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<v Speaker 2>like millions of dollars of state of the art equipment

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<v Speaker 2>that we could rent. And so, you know, we spent

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<v Speaker 2>the first part of twenty seventeen trying to find some

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<v Speaker 2>animals that we could isolate sales from, right and that

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<v Speaker 2>included you know, obviously fish, which we ended up working on,

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<v Speaker 2>but also some chicken. In the early days, it was

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<v Speaker 2>just a little bit easier to get a hold of

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<v Speaker 2>fertilized eggs, for example, which are full of the kinds

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<v Speaker 2>of sales that you need for starting a selling the

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<v Speaker 2>purposes that we need them for, you know. And I

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<v Speaker 2>remember when we grew our first real full dish of

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<v Speaker 2>chicken muscle cells. It was before we you know, at

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<v Speaker 2>the time, we were like literally going fishing to like

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<v Speaker 2>find a fish, and you know it's called fishing and

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<v Speaker 2>not catching. So you know, we went fishing a few

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<v Speaker 2>times and we weren't able to get any fish. We

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<v Speaker 2>were like down there in the San Francisco docks talking

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<v Speaker 2>to fishermen and being like, hey, I know you just

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<v Speaker 2>caught this fish. Can you cut us off a little

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<v Speaker 2>bit so we can see if we can find some

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<v Speaker 2>life cells. But while we were doing that, because we

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<v Speaker 2>always and we can talk more about this. We always

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<v Speaker 2>saw seafood is like the real place we needed to focus.

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<v Speaker 2>We were working on in parallel some of these kind

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<v Speaker 2>of poultry cell lines, and the first big aha moment

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<v Speaker 2>for me was, you know, we got in a very

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<v Speaker 2>small format, you know, just like your simple dish. We

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<v Speaker 2>got chicken muscle cells to grow and then and I

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<v Speaker 2>had this video still to this day of them like

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<v Speaker 2>kind of spontaneously contracting like our muscles, still, right, And

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<v Speaker 2>just like our muscles, if you give them the right

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<v Speaker 2>kind of environment, you can get them to grow and

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<v Speaker 2>to be bigger and all of that. And so eventually

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<v Speaker 2>we did find a place where we could reliably get

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<v Speaker 2>like fish cells because, as you might imagine, you didn't

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<v Speaker 2>come upon the ideal cell line the first time around.

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<v Speaker 2>That's not how science works typically. It took us a while,

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<v Speaker 2>and it was actually a fish that Aria dissected on

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<v Speaker 2>Christmas Eve of twenty eighteen that became the starter yeast

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<v Speaker 2>effectively for the cells that were that were making and

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<v Speaker 2>putting into products today.

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<v Speaker 1>It was a salmon.

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<v Speaker 2>It was a little salmon, a little salmon.

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<v Speaker 1>So why did you choose? You said, you always knew

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<v Speaker 1>you were going to do seafood, Like, why did you

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<v Speaker 1>choose seafood, Why did you choose salmon?

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<v Speaker 2>Yeah, look, there are a couple of reasons. One, we

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<v Speaker 2>wanted to focus on a big potential price, not just

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<v Speaker 2>price like in the monetary sense, but a place to

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<v Speaker 2>have a really big impact. And seafood is our species,

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<v Speaker 2>the human species number one source of animal protein, you know,

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<v Speaker 2>not driven by us here in North America, but largely

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<v Speaker 2>by other countries around the world. And so that was

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<v Speaker 2>one consideration and the other onse and Ari and I

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<v Speaker 2>felt pretty strongly about this. In the early days, a

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<v Speaker 2>lot of people were really getting interested in the plant

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<v Speaker 2>based movement. You know, there were certainly those who cared

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<v Speaker 2>about it from like a sustainability perspective, but I think

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<v Speaker 2>there were a lot of people that were just like, Wow,

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<v Speaker 2>I can have a burger and it's going to have

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<v Speaker 2>like lower saturated fat, and maybe this is healthier for

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<v Speaker 2>me than a beef broger. Right, And for seafood, there

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<v Speaker 2>was a really clear reason for people to switch, which

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<v Speaker 2>is nobody likes to find a parasite or a worm

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<v Speaker 2>in their sushi, and it is absolutely ubiquitous. Nobody likes

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<v Speaker 2>the heavy metals that are present in fish. I think

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<v Speaker 2>seafood is just this really complex thing where you like

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<v Speaker 2>ask people like, hey, what's better farm fish or wild caught?

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<v Speaker 2>You'll get all kinds of different answers, and you know,

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<v Speaker 2>some of them may or may not be based on

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<v Speaker 2>any kind of factual base. But it's complicated, right, And

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<v Speaker 2>so the idea was like, let's just remove all of

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<v Speaker 2>that complication and just make the purest, cleanest seafoot on

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<v Speaker 2>the planet. And that was kind of our north star

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<v Speaker 2>for a long time.

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<v Speaker 1>Okay, so it's late twenty eighteen. You get your first

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<v Speaker 1>cells out of the original salmon that is the father

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<v Speaker 1>or mother of everything else, right, So let's just step

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<v Speaker 1>back at that moment and talk about the context of

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<v Speaker 1>this broader technology of working with cells. I mean, it

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<v Speaker 1>is the thing people had been working on for some time, right,

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<v Speaker 1>both in a medical context and in a like can

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<v Speaker 1>we grow meat from sales context? What was the existing

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<v Speaker 1>arc on the food side of people trying to grow

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<v Speaker 1>meat from cells at the time you started.

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<v Speaker 2>Interestingly, the very first demonstration of this technology was a

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<v Speaker 2>NASA funded project by a researcher I believe in New

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<v Speaker 2>Jersey whose name was Morris Benjaminson. And he grew goldfish

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<v Speaker 2>cells outside of the goldfish as a proof point that,

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<v Speaker 2>you know, because the basic question they were trying to

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<v Speaker 2>figure out is, Okay, we've got astronauts on long distance

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<v Speaker 2>space missions, or maybe we're colonizing Mars one day. We're

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<v Speaker 2>sure as hell not grazing cows on Mars. It's just

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<v Speaker 2>not going to be a thing. So and you know,

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<v Speaker 2>we're not going to be able to ship up on

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<v Speaker 2>rockets huge amounts of heavy meat for people to eat, right,

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<v Speaker 2>So what are we going to do?

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<v Speaker 1>Right?

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<v Speaker 2>And I think that was the original impetus for exploring

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<v Speaker 2>this kind of technology is can we just make me

0:12:47.476 --> 0:12:52.076
<v Speaker 2>essentially on a spaceship that's traveling through space? And that's

0:12:52.076 --> 0:12:54.556
<v Speaker 2>what this researcher did, and he proved that it could work.

0:12:54.596 --> 0:12:58.316
<v Speaker 1>And when was that just more or less decade nineties

0:12:58.556 --> 0:12:59.196
<v Speaker 1>or nineties?

0:12:59.196 --> 0:13:03.956
<v Speaker 2>Ok, yeah, yeah, so it's a while ago. Then a

0:13:04.276 --> 0:13:10.036
<v Speaker 2>French artist demonstration where he grew some frog muscle cells

0:13:10.516 --> 0:13:13.716
<v Speaker 2>that he had sort of isolated from a living frog

0:13:14.516 --> 0:13:17.716
<v Speaker 2>and fed them to some people as like an art demonstration.

0:13:18.116 --> 0:13:19.316
<v Speaker 1>Somehow very French.

0:13:19.516 --> 0:13:23.916
<v Speaker 2>They must have been smoking, right, I would imagine it

0:13:23.956 --> 0:13:27.236
<v Speaker 2>was like a you know, dark cafe somewhere on the

0:13:27.316 --> 0:13:30.396
<v Speaker 2>chamis Luise. Well this I don't know, but the people

0:13:30.476 --> 0:13:33.436
<v Speaker 2>watched the frog was alive kind of while people were

0:13:33.436 --> 0:13:35.276
<v Speaker 2>eating its cells. Essentially.

0:13:35.356 --> 0:13:37.116
<v Speaker 1>Oh I see, So it didn't harm the frog. They

0:13:37.156 --> 0:13:39.996
<v Speaker 1>whatever scraped them cells off the frog and didn't have

0:13:40.036 --> 0:13:42.516
<v Speaker 1>to eat the frog. Yeah, exactly, something sort of like

0:13:42.556 --> 0:13:46.676
<v Speaker 1>frog legs without eating that frog's legs or any frog's legs.

0:13:46.996 --> 0:13:49.436
<v Speaker 2>Yeah. But what I loved about this is it wasn't

0:13:49.476 --> 0:13:53.076
<v Speaker 2>like a scientist or biologist. It was just an artist

0:13:53.076 --> 0:13:56.396
<v Speaker 2>who saw a chance to create this like absurd setting

0:13:56.476 --> 0:13:59.236
<v Speaker 2>and just see what happens and document it. And then

0:13:59.276 --> 0:14:02.676
<v Speaker 2>I would say for applications for like more serious applications

0:14:02.676 --> 0:14:05.996
<v Speaker 2>toward food started with a Dutch researcher named Mark Post

0:14:06.156 --> 0:14:10.876
<v Speaker 2>who made the first cultivated hamburger about a decade ago

0:14:11.436 --> 0:14:13.236
<v Speaker 2>and then ate it on live British TV.

0:14:14.076 --> 0:14:17.076
<v Speaker 1>So that had happened, so people could do it, but

0:14:17.196 --> 0:14:20.436
<v Speaker 1>nobody was doing it at scale or in any kind

0:14:20.476 --> 0:14:24.596
<v Speaker 1>of economic way. So what do you have to do? Like,

0:14:24.636 --> 0:14:25.996
<v Speaker 1>what are a few of the things you had to

0:14:26.036 --> 0:14:26.556
<v Speaker 1>figure out?

0:14:26.756 --> 0:14:28.796
<v Speaker 2>I think a good starting point for that question is

0:14:28.836 --> 0:14:31.036
<v Speaker 2>how did Mark Post make his burger? And how much

0:14:31.036 --> 0:14:34.636
<v Speaker 2>did it cost? So that burger costs well over three

0:14:34.716 --> 0:14:37.956
<v Speaker 2>hundred thousand dollars to make, just to put it into perspective.

0:14:38.796 --> 0:14:40.676
<v Speaker 2>And the way he grew it was in these things

0:14:40.676 --> 0:14:45.556
<v Speaker 2>called cell factories, which are layered large imagine like a

0:14:45.596 --> 0:14:50.076
<v Speaker 2>big plastic circulture dish, but like the size of a desk,

0:14:50.276 --> 0:14:54.396
<v Speaker 2>and it's like ten stories tall, right, And he had

0:14:54.876 --> 0:14:58.076
<v Speaker 2>stacks of these. I've seen pictures of it, just piled

0:14:58.156 --> 0:15:01.556
<v Speaker 2>up in his lab where they made this initial prototype.

0:15:02.036 --> 0:15:04.196
<v Speaker 2>So the first step was like, okay, well that's not

0:15:04.236 --> 0:15:06.396
<v Speaker 2>going to work. If we're trying to take plastics out

0:15:06.396 --> 0:15:08.156
<v Speaker 2>of fish, we better not be growing it. And he's

0:15:08.196 --> 0:15:12.876
<v Speaker 2>just plastic cell hotels, right, not to mention that doesn't scale.

0:15:13.036 --> 0:15:16.316
<v Speaker 1>So the easier move would have been grow the cell

0:15:16.396 --> 0:15:18.916
<v Speaker 1>so that they're sticking to a plastic box. But you

0:15:18.956 --> 0:15:20.916
<v Speaker 1>were you didn't want plastic in the fish, so you

0:15:20.916 --> 0:15:21.596
<v Speaker 1>couldn't do that.

0:15:21.796 --> 0:15:24.596
<v Speaker 2>Yeah. So look, most cell culture is done in stainless

0:15:24.596 --> 0:15:27.876
<v Speaker 2>steel fermentation tanks that don't look all that different from

0:15:27.876 --> 0:15:28.636
<v Speaker 2>a brew tank.

0:15:28.716 --> 0:15:31.596
<v Speaker 1>So that seems fine, right, Fine, use a metal tank

0:15:32.156 --> 0:15:35.876
<v Speaker 1>instead of a plastic tank. But get well, let's see

0:15:35.916 --> 0:15:37.796
<v Speaker 1>three hundred thousand you need to basically get it to

0:15:37.836 --> 0:15:40.276
<v Speaker 1>three dollars, which is how many orders of magnitude? Right

0:15:40.316 --> 0:15:44.436
<v Speaker 1>a lot thirty three hundred, three thousand and thirty thousand,

0:15:44.796 --> 0:15:47.356
<v Speaker 1>five orders of magnitude. You have to get five orders

0:15:47.396 --> 0:15:50.836
<v Speaker 1>of magnitude out right. That seems like the big job.

0:15:51.316 --> 0:15:54.276
<v Speaker 1>Also make salmine, which nobody has done. But frankly, it's

0:15:54.316 --> 0:15:56.356
<v Speaker 1>the five orders of magnitude part that seems really hard

0:15:56.356 --> 0:15:56.556
<v Speaker 1>to me.

0:15:56.796 --> 0:15:59.036
<v Speaker 2>So here's how we did it, and it was it

0:15:59.076 --> 0:16:01.036
<v Speaker 2>was really three things. One it was to start with

0:16:01.076 --> 0:16:03.196
<v Speaker 2>the right cells, right, like I was talking about, So

0:16:03.276 --> 0:16:05.596
<v Speaker 2>train the ones they can grow in a beer brewery

0:16:05.636 --> 0:16:07.236
<v Speaker 2>instead of these cell hotels.

0:16:07.716 --> 0:16:10.236
<v Speaker 1>And is that just a matter of choosing the right

0:16:10.436 --> 0:16:13.076
<v Speaker 1>kind of cell? Is it just trial and error that

0:16:13.116 --> 0:16:15.716
<v Speaker 1>one didn't work, that one didn't work, Oh, that one worked.

0:16:15.516 --> 0:16:15.956
<v Speaker 2>That's right.

0:16:16.356 --> 0:16:16.636
<v Speaker 1>Yeah.

0:16:16.676 --> 0:16:20.276
<v Speaker 2>So it was thousands of experiments literally, oh wow, over

0:16:20.316 --> 0:16:23.156
<v Speaker 2>two years to get the right type of cell.

0:16:23.196 --> 0:16:26.276
<v Speaker 1>Just different cell kinds to find one that would reproduce

0:16:26.356 --> 0:16:28.916
<v Speaker 1>in a in essentially a beer brewing vat.

0:16:29.276 --> 0:16:31.836
<v Speaker 2>That's right, different types of salmon. So we used Atlantic

0:16:31.916 --> 0:16:34.636
<v Speaker 2>and within Pacific, we use coho and chinook and just

0:16:34.676 --> 0:16:36.996
<v Speaker 2>all these other kinds just to try to change as

0:16:36.996 --> 0:16:38.636
<v Speaker 2>many of the variables as we could, but we got

0:16:38.636 --> 0:16:41.196
<v Speaker 2>there in the end. The second thing was it.

0:16:41.236 --> 0:16:44.116
<v Speaker 1>Was Coho, right, the one that worked was Coho.

0:16:43.516 --> 0:16:45.156
<v Speaker 2>Is what won the contest.

0:16:45.756 --> 0:16:46.476
<v Speaker 1>The second thing.

0:16:47.276 --> 0:16:51.556
<v Speaker 2>Second thing was what we feed the cells. So in

0:16:51.876 --> 0:16:55.516
<v Speaker 2>pharma cell culture, it's not uncommon for a leader of

0:16:55.556 --> 0:16:58.076
<v Speaker 2>cel feed to cost hundreds of dollars and in fact,

0:16:58.276 --> 0:17:00.276
<v Speaker 2>that's literally what ours cost when we started.

0:17:00.796 --> 0:17:02.916
<v Speaker 1>A leader to cost hundreds of dollars. That's right.

0:17:03.036 --> 0:17:05.356
<v Speaker 2>And you know, just to zoom forward in time a bit,

0:17:05.396 --> 0:17:09.316
<v Speaker 2>we're at like three thousand liters scale now, so it's

0:17:09.316 --> 0:17:12.396
<v Speaker 2>just not tenable and so and by the way, that

0:17:12.676 --> 0:17:15.796
<v Speaker 2>feed has a lot of animal components in it, which

0:17:15.916 --> 0:17:18.756
<v Speaker 2>again defeats the purpose. Like if we're growing cells outside

0:17:18.756 --> 0:17:21.436
<v Speaker 2>of an animal, let's not grow it in another animal ingredients.

0:17:22.036 --> 0:17:24.436
<v Speaker 2>So then we had to put the cells on a

0:17:24.436 --> 0:17:28.596
<v Speaker 2>plant based diet and reduce the cost like crazy, right,

0:17:28.916 --> 0:17:30.236
<v Speaker 2>and just to give you sent So we went from

0:17:30.316 --> 0:17:32.236
<v Speaker 2>hundreds of dollars a lead to like about a buck

0:17:32.276 --> 0:17:32.556
<v Speaker 2>a liter.

0:17:32.676 --> 0:17:36.396
<v Speaker 1>Now, okay, and how much meat do you get out

0:17:36.396 --> 0:17:38.476
<v Speaker 1>of a leader of feed? I guess that is that

0:17:38.516 --> 0:17:39.916
<v Speaker 1>another optimization problem?

0:17:39.956 --> 0:17:43.156
<v Speaker 2>It is, that's right, Yeah, yeah, and I'll put that

0:17:43.196 --> 0:17:47.396
<v Speaker 2>as a subset of the cost of the feed. But

0:17:47.636 --> 0:17:50.716
<v Speaker 2>while we were reducing the richness of the feed, essentially,

0:17:51.276 --> 0:17:55.196
<v Speaker 2>we were also selecting for cells that could grow in

0:17:55.276 --> 0:17:57.716
<v Speaker 2>a very healthy way at higher densities. So we can

0:17:57.756 --> 0:18:01.796
<v Speaker 2>get let's say, instead of a gram a leader, we

0:18:01.836 --> 0:18:04.116
<v Speaker 2>can get ten grams a lead, or twenty grams a leader,

0:18:04.196 --> 0:18:06.356
<v Speaker 2>or one hundred grams a leader, right somewhere in that range,

0:18:06.396 --> 0:18:08.516
<v Speaker 2>like where we're ten or one hundred x. Ying with

0:18:08.676 --> 0:18:12.956
<v Speaker 2>some of these efficiencies would be The third thing that

0:18:12.996 --> 0:18:15.676
<v Speaker 2>we had to do was to scale all this up,

0:18:16.436 --> 0:18:21.956
<v Speaker 2>so move it into larger and larger cultivation centers essentially.

0:18:22.676 --> 0:18:26.396
<v Speaker 2>So that was definitely not trivial, and that was more

0:18:26.836 --> 0:18:28.916
<v Speaker 2>less of a biology thing, more of an engineering thing,

0:18:29.116 --> 0:18:32.316
<v Speaker 2>like how do we keep the thing sterile? How do

0:18:32.316 --> 0:18:35.396
<v Speaker 2>we ensure that we're keeping the cells happy? Like nobody

0:18:35.436 --> 0:18:39.996
<v Speaker 2>had ever studied three D fish cell culture before to

0:18:40.036 --> 0:18:42.796
<v Speaker 2>the point where like we were, like, what temperature should

0:18:42.796 --> 0:18:45.756
<v Speaker 2>we grow the mat Almost all cells that are grown

0:18:45.836 --> 0:18:48.396
<v Speaker 2>for therapeutic use are grown at our body temperature, right

0:18:48.436 --> 0:18:51.676
<v Speaker 2>thirty seven celsius, never ninety eight point seven fahrenheit.

0:18:51.836 --> 0:18:53.516
<v Speaker 1>What's the body temperature? Of a salmon.

0:18:53.836 --> 0:18:55.476
<v Speaker 2>It's cold there, cold.

0:18:55.276 --> 0:18:57.436
<v Speaker 1>Was what whatever? The water is?

0:18:57.556 --> 0:18:59.556
<v Speaker 2>Yeah, yeah, and they have a range that they can tolerate.

0:18:59.876 --> 0:19:01.836
<v Speaker 2>It's pretty broad actually, which is why this was an

0:19:01.876 --> 0:19:05.036
<v Speaker 2>interesting question. And so yeah, that was a big process.

0:19:05.116 --> 0:19:08.396
<v Speaker 2>But once we got it, I would say, into our

0:19:08.516 --> 0:19:11.956
<v Speaker 2>first stainless steel tank, it got a lot easier.

0:19:12.396 --> 0:19:14.996
<v Speaker 1>How does that work? By the way, so you start

0:19:14.996 --> 0:19:18.756
<v Speaker 1>with a cell, how do you get from a cell

0:19:18.876 --> 0:19:21.836
<v Speaker 1>to a piece of salmon that I can eat?

0:19:21.996 --> 0:19:23.836
<v Speaker 2>Yeah, So what we do is, you know, for now,

0:19:23.876 --> 0:19:26.076
<v Speaker 2>we're growing cells. Like I said, kind of the maxi

0:19:26.076 --> 0:19:28.316
<v Speaker 2>bawling that we're at is three thousand liters, which, again,

0:19:28.356 --> 0:19:30.076
<v Speaker 2>if you've been to a microbrewery and you like kind

0:19:30.076 --> 0:19:32.556
<v Speaker 2>of peer at all those big stanless steel tanks or whatever,

0:19:32.676 --> 0:19:35.516
<v Speaker 2>twenty feet tall, looks like that one of those.

0:19:35.436 --> 0:19:38.756
<v Speaker 1>One of those okay, yep, and what's going on in there?

0:19:38.956 --> 0:19:40.996
<v Speaker 2>So we've got a it's not not that complicated. So

0:19:41.036 --> 0:19:44.156
<v Speaker 2>we've got a little propeller like a literally we could

0:19:44.196 --> 0:19:47.316
<v Speaker 2>have like strapped one on from a boat. It circulates

0:19:47.316 --> 0:19:51.356
<v Speaker 2>oxygen in the in the tank. We control the pH

0:19:51.396 --> 0:19:53.916
<v Speaker 2>we can control the temperature. We make sure that the

0:19:53.996 --> 0:19:57.516
<v Speaker 2>oxygen in there is sufficient. But we're literally just stirring

0:19:57.556 --> 0:20:00.916
<v Speaker 2>cells in their feed for ten days, ten to ten

0:20:00.996 --> 0:20:06.476
<v Speaker 2>to fifteen days. At that point, we centrifuge or you know,

0:20:06.556 --> 0:20:10.116
<v Speaker 2>just spin at high speeds, remove the sel feed, We

0:20:10.276 --> 0:20:13.196
<v Speaker 2>wash it a few times, we concentrate it kind of

0:20:13.196 --> 0:20:15.676
<v Speaker 2>into pure salmon protein essentially.

0:20:16.076 --> 0:20:18.836
<v Speaker 1>So what you have first is a lump of salmon

0:20:19.036 --> 0:20:24.916
<v Speaker 1>cells essentially, shapeless, shapeless, just like a goo. It's like

0:20:24.916 --> 0:20:27.916
<v Speaker 1>a goo. Is it a orange? Dumb question? Is it orange?

0:20:28.276 --> 0:20:31.556
<v Speaker 2>It's not orange. It looks like kind of the white

0:20:31.596 --> 0:20:34.716
<v Speaker 2>part of the salmon, you know, like connective tissue part.

0:20:35.676 --> 0:20:38.516
<v Speaker 2>And yeah, So what we do is we then combine

0:20:38.556 --> 0:20:42.956
<v Speaker 2>that with some plant based ingredients, mix it, shape it.

0:20:42.996 --> 0:20:45.436
<v Speaker 2>We actually have a heating step to make sure that

0:20:45.436 --> 0:20:47.396
<v Speaker 2>we're killing off any microbes that might have found their way.

0:20:47.396 --> 0:20:49.356
<v Speaker 2>Because it's all ready to eat sushi product. We want

0:20:49.396 --> 0:20:53.276
<v Speaker 2>to make sure it's as safe as possible and slice it,

0:20:53.316 --> 0:20:55.316
<v Speaker 2>package it, X ray it, and send it out the door.

0:20:55.836 --> 0:20:59.996
<v Speaker 1>So you work on this for many years and then

0:21:01.356 --> 0:21:08.116
<v Speaker 1>this year, it's this spring you got something from the

0:21:08.196 --> 0:21:11.316
<v Speaker 1>FDA that is called a no questions letter, So that

0:21:11.356 --> 0:21:14.716
<v Speaker 1>basically mean FDA approval. What does that mean what happened

0:21:14.716 --> 0:21:15.676
<v Speaker 1>with the FDA this year.

0:21:16.356 --> 0:21:20.636
<v Speaker 2>So there's a process on the food side, and this

0:21:20.756 --> 0:21:22.636
<v Speaker 2>was a process that was done for our industry, it's

0:21:22.636 --> 0:21:26.076
<v Speaker 2>done for other types of food. You submit a safety dossier,

0:21:26.196 --> 0:21:29.156
<v Speaker 2>that's what it's called, so a summary of how a

0:21:29.316 --> 0:21:31.996
<v Speaker 2>producing company came to the conclusion that a new food

0:21:32.156 --> 0:21:35.636
<v Speaker 2>manufacturing technology, which is what we're doing, so familiar food,

0:21:35.836 --> 0:21:40.036
<v Speaker 2>new technology or a new food is safe. Right, And

0:21:40.036 --> 0:21:43.436
<v Speaker 2>so you compile this dossier with lots of supporting data.

0:21:44.036 --> 0:21:47.556
<v Speaker 2>And what that did is it then kicked off a

0:21:47.596 --> 0:21:50.116
<v Speaker 2>three year process of back and forth questions with the FDA.

0:21:50.396 --> 0:21:52.916
<v Speaker 1>It should be called a no more Questions letter.

0:21:52.996 --> 0:21:55.676
<v Speaker 2>That's right, That's exactly what it is. Right, So once

0:21:55.676 --> 0:21:58.996
<v Speaker 2>the questions have been satisfied, they don't have any further questions.

0:21:58.996 --> 0:22:01.876
<v Speaker 2>And you know, they issued a statement that essentially said,

0:22:02.396 --> 0:22:05.116
<v Speaker 2>we agree with wild types of conclusion that the food

0:22:05.396 --> 0:22:09.636
<v Speaker 2>made using this technology is no more, no less, and

0:22:09.836 --> 0:22:11.916
<v Speaker 2>food isolated from a conventional fish.

0:22:12.436 --> 0:22:12.636
<v Speaker 1>Right.

0:22:13.156 --> 0:22:16.116
<v Speaker 2>That's what we were working toward, is some degree of

0:22:16.436 --> 0:22:20.716
<v Speaker 2>external validation that this new and somewhat crazy sounding technology

0:22:20.756 --> 0:22:23.796
<v Speaker 2>can produce food that's very, very safe. And indeed, like

0:22:23.876 --> 0:22:26.676
<v Speaker 2>we talked about a bit earlier, quite a bit safer uncertain.

0:22:26.596 --> 0:22:33.076
<v Speaker 1>Respects specifically, metal content and parasite or pathogen content.

0:22:33.116 --> 0:22:36.956
<v Speaker 2>Are those the two exactly? Yeah? So lysteria, for example,

0:22:37.076 --> 0:22:40.076
<v Speaker 2>is a big challenge with any kind of fish, right,

0:22:40.196 --> 0:22:42.756
<v Speaker 2>and because of the way that we produce our food,

0:22:43.036 --> 0:22:47.396
<v Speaker 2>we're significantly able to reduce that risk. Not to mention,

0:22:48.756 --> 0:22:52.436
<v Speaker 2>heavy metals are in some cases orders of magnitude lower

0:22:52.476 --> 0:22:55.356
<v Speaker 2>than what you'd find in conventional fish. Parasites cannot grow

0:22:55.476 --> 0:22:58.396
<v Speaker 2>in our environment. So if you want to guarantee that

0:22:58.396 --> 0:23:01.716
<v Speaker 2>there's no worm or parasite in your fish, like wild type,

0:23:01.756 --> 0:23:04.276
<v Speaker 2>sim is literally the only optional planet Earth that can

0:23:04.476 --> 0:23:08.476
<v Speaker 2>meet that. And we don't use antibiotics, so, which are

0:23:08.476 --> 0:23:10.836
<v Speaker 2>still fairly prevalent and a lot of fish farming today.

0:23:11.236 --> 0:23:13.276
<v Speaker 1>So what's your cost? Now? What have you gotten your cost?

0:23:13.316 --> 0:23:15.836
<v Speaker 2>Down to the way that we like to think about

0:23:15.836 --> 0:23:18.476
<v Speaker 2>it is if we were at scale, what would our

0:23:18.916 --> 0:23:21.596
<v Speaker 2>actual marginal cost be, right based on the inputs that

0:23:21.596 --> 0:23:25.116
<v Speaker 2>we're using, And today those inputs are about ten bucks

0:23:25.156 --> 0:23:25.476
<v Speaker 2>a pound.

0:23:26.276 --> 0:23:29.276
<v Speaker 1>So when you say at scale, how much bigger is that?

0:23:29.676 --> 0:23:32.276
<v Speaker 1>How much bigger do you have to be? Like, I

0:23:32.276 --> 0:23:33.796
<v Speaker 1>don't know how much more fish do you have to make.

0:23:33.916 --> 0:23:35.156
<v Speaker 1>I don't know, I don't know the right way to

0:23:35.196 --> 0:23:35.716
<v Speaker 1>ask that question.

0:23:35.876 --> 0:23:37.916
<v Speaker 2>Yeah, yeah, yeah, no, get I get your question. So

0:23:39.076 --> 0:23:41.916
<v Speaker 2>the best way to think about this is, you know,

0:23:41.956 --> 0:23:44.396
<v Speaker 2>we are at micro brewery scale.

0:23:44.556 --> 0:23:46.396
<v Speaker 1>Now, how much fish do you make it a week?

0:23:46.556 --> 0:23:50.156
<v Speaker 2>We make whatever, a few hundred pounds a week, right,

0:23:50.276 --> 0:23:53.436
<v Speaker 2>So it's not it's not enough. It's not enough.

0:23:53.876 --> 0:23:56.036
<v Speaker 1>No, it's not enough. When you say ten dollars a pound,

0:23:56.116 --> 0:23:57.836
<v Speaker 1>how many pounds of fish you got to be making

0:23:57.956 --> 0:24:01.076
<v Speaker 1>a week for it to have your cost be ten

0:24:01.116 --> 0:24:02.116
<v Speaker 1>dollars a pound, it's more.

0:24:02.116 --> 0:24:04.276
<v Speaker 2>Like one thousand pounds a week. Is where we need

0:24:04.276 --> 0:24:04.476
<v Speaker 2>to be.

0:24:04.676 --> 0:24:06.156
<v Speaker 1>That's not crazy, that's not crazy.

0:24:06.236 --> 0:24:09.476
<v Speaker 2>It's not And the reason our costs are so highs

0:24:09.516 --> 0:24:11.636
<v Speaker 2>because our volumes are low. You know, we just launched

0:24:11.636 --> 0:24:12.196
<v Speaker 2>a quarter ago.

0:24:12.516 --> 0:24:12.956
<v Speaker 1>Yeah yeah.

0:24:12.996 --> 0:24:14.636
<v Speaker 2>Rent is expensive in San Francisco.

0:24:14.796 --> 0:24:17.756
<v Speaker 1>Yeah yeah, we started with a three hundred thousand dollars hamburger.

0:24:17.756 --> 0:24:18.956
<v Speaker 1>You're most of the way there.

0:24:19.036 --> 0:24:21.596
<v Speaker 2>I think so. But but you know, the last bit

0:24:21.636 --> 0:24:23.436
<v Speaker 2>of the way is tough. And the reason it's tough

0:24:23.516 --> 0:24:28.876
<v Speaker 2>is because there's not a lot of interest I would say,

0:24:28.996 --> 0:24:33.796
<v Speaker 2>among either banks or project financers to put money into

0:24:33.876 --> 0:24:37.476
<v Speaker 2>capital intensive projects today, huh, and the path for us

0:24:37.516 --> 0:24:39.356
<v Speaker 2>And you know, again this should not be surprising. And

0:24:39.396 --> 0:24:41.996
<v Speaker 2>that's why I'm kind of using the micro brewery analogy.

0:24:42.116 --> 0:24:42.276
<v Speaker 1>Right.

0:24:42.316 --> 0:24:45.996
<v Speaker 2>A lot of microbreweries at their scale are not super profitable.

0:24:45.996 --> 0:24:47.116
<v Speaker 2>In fact, a lot of them have gone out of

0:24:47.156 --> 0:24:49.396
<v Speaker 2>business in the last five years. There is kind of

0:24:49.396 --> 0:24:53.876
<v Speaker 2>a minimum efficient scale problem with what we're doing and

0:24:53.876 --> 0:24:55.076
<v Speaker 2>what a lot of other industries doing.

0:24:55.196 --> 0:24:58.036
<v Speaker 1>So your problem at this moment is finance getting You've

0:24:58.076 --> 0:25:01.316
<v Speaker 1>had this sort of venture financing. Was that one hundred

0:25:01.356 --> 0:25:03.116
<v Speaker 1>million dollars that you raised to iver call that? Is

0:25:03.156 --> 0:25:03.876
<v Speaker 1>that the correct number?

0:25:03.996 --> 0:25:05.756
<v Speaker 2>Yeah, about one hundred and thirty million total.

0:25:05.876 --> 0:25:08.396
<v Speaker 1>So now you have a sort of more capital intensive

0:25:08.396 --> 0:25:10.316
<v Speaker 1>that was like you get your IP lined up, you

0:25:11.036 --> 0:25:13.316
<v Speaker 1>develop your product, and now you have this more sort

0:25:13.356 --> 0:25:17.636
<v Speaker 1>of classic financing problem where you need is not equity finance,

0:25:17.676 --> 0:25:20.596
<v Speaker 1>but like alone to build a bigger production plant. And

0:25:20.636 --> 0:25:21.876
<v Speaker 1>that's hard to get exactly.

0:25:22.276 --> 0:25:24.196
<v Speaker 2>It's it's really hard to get in twenty twenty five.

0:25:24.676 --> 0:25:26.596
<v Speaker 2>But that's what we need to do. And you know,

0:25:26.636 --> 0:25:29.156
<v Speaker 2>the thing is it's not really all that interesting or

0:25:29.196 --> 0:25:32.356
<v Speaker 2>sexy at this point because it's not proving out brand

0:25:32.356 --> 0:25:35.316
<v Speaker 2>new science it's just building bigger facilities and spreading fixed

0:25:35.316 --> 0:25:36.676
<v Speaker 2>costs over bigger volumes.

0:25:37.316 --> 0:25:40.396
<v Speaker 1>There is a broader lab grown meat. It's not really

0:25:40.436 --> 0:25:42.596
<v Speaker 1>an industry yet, but there are a few other companies

0:25:42.636 --> 0:25:45.316
<v Speaker 1>that have what is it two other companies that have

0:25:45.396 --> 0:25:48.276
<v Speaker 1>been approved to sell lab grown chicken in the US? Right?

0:25:49.956 --> 0:25:50.836
<v Speaker 1>How are they doing?

0:25:50.916 --> 0:25:50.996
<v Speaker 2>Like?

0:25:51.116 --> 0:25:55.596
<v Speaker 1>Is there some like more narrowly? Are they struggling with

0:25:55.636 --> 0:25:57.836
<v Speaker 1>the same thing you are? Is there a sense of like, oh,

0:25:57.876 --> 0:26:00.396
<v Speaker 1>maybe people don't want to buy lab grown meat, or

0:26:00.396 --> 0:26:01.276
<v Speaker 1>at least not yet.

0:26:02.316 --> 0:26:05.516
<v Speaker 2>I'm not sure. I don't have the best information about.

0:26:05.516 --> 0:26:07.356
<v Speaker 2>So the two other companies you're talking about are Upside

0:26:07.356 --> 0:26:12.556
<v Speaker 2>Foods and each just they're both but also in San Francisco.

0:26:13.076 --> 0:26:15.356
<v Speaker 2>Neither of them are selling their products and restaurants today,

0:26:15.356 --> 0:26:17.796
<v Speaker 2>though I can't really speak as to why that is.

0:26:17.876 --> 0:26:20.196
<v Speaker 1>It's more I'm selling in Singapore or something. It is

0:26:20.196 --> 0:26:21.076
<v Speaker 1>one of these things.

0:26:21.196 --> 0:26:23.996
<v Speaker 2>So there are two companies selling cultivated foods on planet

0:26:24.036 --> 0:26:27.516
<v Speaker 2>Earth today, okay. One is Wild Type, which is selling

0:26:27.556 --> 0:26:30.876
<v Speaker 2>salmon in four restaurants in four states today in the

0:26:30.956 --> 0:26:33.596
<v Speaker 2>United States. The other is a company called val which

0:26:33.636 --> 0:26:36.556
<v Speaker 2>is based in Australia and they make a cultivated quail

0:26:36.636 --> 0:26:40.756
<v Speaker 2>product that's available for people to try in Singapore and

0:26:40.796 --> 0:26:44.476
<v Speaker 2>Australia today and that's it. So there's all this noise,

0:26:44.876 --> 0:26:47.436
<v Speaker 2>but what it boils down to is just a couple

0:26:47.436 --> 0:26:51.636
<v Speaker 2>of companies selling products in about say ten restaurants around

0:26:51.636 --> 0:26:54.556
<v Speaker 2>the world. We're at the starting line, I would.

0:26:54.316 --> 0:26:57.036
<v Speaker 1>Say, yeah, Like, why is it so small?

0:26:57.956 --> 0:27:00.916
<v Speaker 2>So first, there's a regulatory hurdle, which is really hard,

0:27:01.076 --> 0:27:03.276
<v Speaker 2>and as you said, you know, there's I think five

0:27:03.356 --> 0:27:06.316
<v Speaker 2>companies in the US that have cleared that hurdle. Then

0:27:06.356 --> 0:27:10.636
<v Speaker 2>there's the manufacturing side of things, right, So part of

0:27:10.676 --> 0:27:14.316
<v Speaker 2>the proceeds or use of proceeds for the amount of

0:27:14.356 --> 0:27:16.876
<v Speaker 2>money that we raised was to build this first of

0:27:16.916 --> 0:27:21.716
<v Speaker 2>its kind cultivated seafood facility in San Francisco. And it

0:27:21.756 --> 0:27:24.036
<v Speaker 2>wasn't a trivial amount of money, right that we spent

0:27:24.076 --> 0:27:27.916
<v Speaker 2>on that. And it's really hard to scale the stuff up. Yeah, so,

0:27:28.276 --> 0:27:31.836
<v Speaker 2>and I think that's part of the reason why very

0:27:31.876 --> 0:27:34.756
<v Speaker 2>few companies have actually just made it over the regulatory,

0:27:34.836 --> 0:27:37.516
<v Speaker 2>the scaling, and the technical hurdles to get something into

0:27:37.516 --> 0:27:37.916
<v Speaker 2>the market.

0:27:37.956 --> 0:27:42.036
<v Speaker 1>Today, I'm less hopeful than I was when we started talking.

0:27:42.316 --> 0:27:45.076
<v Speaker 2>Can ask why please, Yeah.

0:27:44.436 --> 0:27:49.596
<v Speaker 1>Well maybe I I don't know why. It's just the vibe.

0:27:49.756 --> 0:27:51.236
<v Speaker 1>I feel like, I don't know how you're going to

0:27:51.276 --> 0:27:52.916
<v Speaker 1>get that money. How are you going to get that money?

0:27:53.236 --> 0:28:00.076
<v Speaker 2>We'll figure it out. Look, I think no new industry,

0:28:00.156 --> 0:28:03.276
<v Speaker 2>no new technology, is easy. What we're trying to do

0:28:03.396 --> 0:28:05.836
<v Speaker 2>is ambitious and it's really freaking hard, and it is

0:28:05.876 --> 0:28:09.436
<v Speaker 2>not for the faint of heart, but it's important, right,

0:28:09.556 --> 0:28:13.516
<v Speaker 2>Like my six year old kids, I have twins, When

0:28:13.516 --> 0:28:15.916
<v Speaker 2>I hear them explain what my work is, they're like, hey,

0:28:15.956 --> 0:28:20.476
<v Speaker 2>my daddy grows fish, so we don't have to kill

0:28:20.476 --> 0:28:23.356
<v Speaker 2>the fish. Like they just get it and it's obvious.

0:28:23.476 --> 0:28:25.876
<v Speaker 2>Like I think most people when you ask them, like, hey,

0:28:25.876 --> 0:28:29.356
<v Speaker 2>what's the future of seafood, they're not going to tell you, Yeah,

0:28:29.436 --> 0:28:30.876
<v Speaker 2>let's just pull all the fish out and have no

0:28:30.956 --> 0:28:33.756
<v Speaker 2>more fish left in the sea. Like, there's this big

0:28:33.876 --> 0:28:35.996
<v Speaker 2>problem that a lot of companies are trying to solve

0:28:35.996 --> 0:28:37.916
<v Speaker 2>from a bunch of different angles. And you know, I

0:28:37.956 --> 0:28:40.796
<v Speaker 2>think it's important enough that it's going to get done,

0:28:40.836 --> 0:28:43.076
<v Speaker 2>and you know, one or two, maybe three companies will

0:28:43.076 --> 0:28:46.516
<v Speaker 2>get through this crunch. Right, But we're at a point

0:28:46.556 --> 0:28:48.716
<v Speaker 2>now as an industry where there were one hundred and

0:28:48.756 --> 0:28:50.676
<v Speaker 2>fifty I don't even know. I don't count them all,

0:28:50.676 --> 0:28:53.876
<v Speaker 2>but I've seen a number of cultivated food companies around

0:28:53.916 --> 0:28:56.476
<v Speaker 2>the world. Not all of those companies are going to

0:28:56.556 --> 0:28:59.876
<v Speaker 2>make it through. Maybe we won't. I am very helpful, however,

0:28:59.996 --> 0:29:04.716
<v Speaker 2>that we will, and very confident actually, because we're making

0:29:04.796 --> 0:29:10.156
<v Speaker 2>something that people want and that the planet needs for

0:29:10.276 --> 0:29:12.876
<v Speaker 2>us to continue to sustainably feed people's seafood. And so

0:29:13.716 --> 0:29:18.316
<v Speaker 2>that moment of doubt pessimism that you were feeling is

0:29:18.396 --> 0:29:21.676
<v Speaker 2>just kind of wired into mine and Aria's brain, right,

0:29:21.716 --> 0:29:23.596
<v Speaker 2>it comes and it goes. We've got down moments and

0:29:23.676 --> 0:29:26.476
<v Speaker 2>we've got high moments, and that's just kind of part

0:29:26.476 --> 0:29:28.436
<v Speaker 2>and parcel of doing something like this. It's hard.

0:29:31.156 --> 0:29:44.116
<v Speaker 3>We'll be back in just a minute.

0:29:44.756 --> 0:29:47.476
<v Speaker 1>Why do you feel so strongly that the world needs

0:29:47.996 --> 0:29:48.996
<v Speaker 1>cultivated salmon?

0:29:49.516 --> 0:29:53.196
<v Speaker 2>I would suggest talk to a fisherman, particularly one who's

0:29:53.236 --> 0:29:56.156
<v Speaker 2>been fishing for more than thirty years, about what they've

0:29:56.196 --> 0:29:59.916
<v Speaker 2>seen with wild stocks. But they're going down right. And

0:30:00.076 --> 0:30:03.516
<v Speaker 2>you know, if you look at any data measurement in

0:30:03.636 --> 0:30:06.676
<v Speaker 2>terms of the health of wildfish stocks around the world,

0:30:06.796 --> 0:30:08.636
<v Speaker 2>it's not up and to the right. Many of them

0:30:08.676 --> 0:30:10.796
<v Speaker 2>are being fish at levels that are kind of pushing

0:30:10.796 --> 0:30:14.116
<v Speaker 2>them into endangered species. Right, if you listen or following

0:30:14.156 --> 0:30:18.116
<v Speaker 2>any of David Attenborough's work, any of his recent films,

0:30:18.116 --> 0:30:20.316
<v Speaker 2>I mean, he talks about the ocean. You know, there's

0:30:20.316 --> 0:30:23.676
<v Speaker 2>a real risk that will have an ocean full of

0:30:23.756 --> 0:30:27.036
<v Speaker 2>jellyfish in fifty years if we're not thoughtful.

0:30:26.676 --> 0:30:28.596
<v Speaker 1>And careful and nothing else.

0:30:28.756 --> 0:30:33.276
<v Speaker 2>Yeah, plastic and jellyfish, like yeah, and let's not forget

0:30:33.396 --> 0:30:36.716
<v Speaker 2>that our ocean store like ninety three or ninety four

0:30:36.756 --> 0:30:39.916
<v Speaker 2>percent of the planet's carbon in the soil and the

0:30:39.956 --> 0:30:41.076
<v Speaker 2>seagrass and other things.

0:30:41.156 --> 0:30:41.396
<v Speaker 1>Right.

0:30:41.436 --> 0:30:43.556
<v Speaker 2>So I don't know about you, but I get pretty

0:30:43.596 --> 0:30:46.236
<v Speaker 2>nervous when I think about that delicate ecosystem being so

0:30:46.516 --> 0:30:49.796
<v Speaker 2>thoroughly disrupted. And if you think about the oceans like

0:30:49.876 --> 0:30:54.196
<v Speaker 2>this is like the worst prisoner's dilemma type of thing,

0:30:54.356 --> 0:30:58.276
<v Speaker 2>where you've got this common good and everybody out in

0:30:58.356 --> 0:31:01.076
<v Speaker 2>international waters is doing whatever they can to pull out

0:31:01.116 --> 0:31:03.756
<v Speaker 2>as much fish as possible, make as much money, and

0:31:03.796 --> 0:31:06.876
<v Speaker 2>not everybody's worrying about whether that's going to be sustainable.

0:31:06.996 --> 0:31:10.476
<v Speaker 2>So that's wild caught, and I think most people get

0:31:10.476 --> 0:31:13.236
<v Speaker 2>that there's a finite supply. There's only so an efficientcye

0:31:14.236 --> 0:31:17.556
<v Speaker 2>on the fish farming side. I think what's really underappreciated

0:31:17.636 --> 0:31:19.916
<v Speaker 2>is that a full third of all the aquaculture feed

0:31:19.996 --> 0:31:23.196
<v Speaker 2>comes from forage fish like anchovies and sardines, which are

0:31:23.196 --> 0:31:28.756
<v Speaker 2>well caught and are not infinite in supply, and there

0:31:28.796 --> 0:31:31.076
<v Speaker 2>are real limitations in terms of the number of fish

0:31:31.076 --> 0:31:33.716
<v Speaker 2>farms that you can put in a given area. And

0:31:33.756 --> 0:31:36.796
<v Speaker 2>that's why we're seeing the move toward on land aquaculture

0:31:36.836 --> 0:31:40.036
<v Speaker 2>systems and all these other things. So the confluence of

0:31:40.116 --> 0:31:43.396
<v Speaker 2>all of that. If you don't believe anything I said,

0:31:44.076 --> 0:31:47.356
<v Speaker 2>just go look at salmon prices in real terms versus

0:31:47.356 --> 0:31:49.836
<v Speaker 2>inflation over the last fifteen years and you'll see that

0:31:50.356 --> 0:31:52.996
<v Speaker 2>there isn't five times faster than inflation, which to me

0:31:53.076 --> 0:31:55.756
<v Speaker 2>tells me that we have a real supply problem.

0:31:56.596 --> 0:31:59.956
<v Speaker 1>Salmon getting more expensive is good for you, right, Like,

0:32:00.436 --> 0:32:03.716
<v Speaker 1>if you can make salmon cheaper, then salmon can make salmon.

0:32:06.236 --> 0:32:11.676
<v Speaker 2>You'll win, yes, but the planet loses, right, And I

0:32:11.676 --> 0:32:12.396
<v Speaker 2>think it doesn't.

0:32:12.436 --> 0:32:14.396
<v Speaker 1>Well, it depends, I mean, it depends on how cheap

0:32:14.436 --> 0:32:17.076
<v Speaker 1>you can get it, right, Like, yeah, I don't mean

0:32:17.116 --> 0:32:21.596
<v Speaker 1>to be glib, but like, fundamentally, your price to beat

0:32:21.756 --> 0:32:24.516
<v Speaker 1>is the price of wild caught salmon. Right, just as

0:32:24.556 --> 0:32:28.756
<v Speaker 1>a business proposition, Like that's the sort of solar story, right,

0:32:28.796 --> 0:32:31.036
<v Speaker 1>as you said, like you want people who don't care

0:32:31.556 --> 0:32:34.396
<v Speaker 1>to buy your salmon just because it's cheaper, That's what

0:32:34.556 --> 0:32:37.516
<v Speaker 1>I want, Right, That's the true scale, because most people

0:32:37.516 --> 0:32:40.516
<v Speaker 1>don't care about any particular thing, it's just the nature

0:32:40.556 --> 0:32:43.196
<v Speaker 1>of the world. But they would rather buy cheaper salmon.

0:32:43.236 --> 0:32:45.916
<v Speaker 1>And I'm sure there's an argument that, like people don't

0:32:45.916 --> 0:32:47.956
<v Speaker 1>want cultivated salmon, but I don't buy that. Like if

0:32:47.996 --> 0:32:51.396
<v Speaker 1>you look at the garbage people buy, they plainly don't care, right,

0:32:51.876 --> 0:32:56.516
<v Speaker 1>And so I feel like cost is the game.

0:32:57.196 --> 0:33:00.516
<v Speaker 2>All of this is, I guess, in principle good for us,

0:33:00.556 --> 0:33:02.796
<v Speaker 2>but I know myself and my team we kind of

0:33:03.236 --> 0:33:06.636
<v Speaker 2>think about it at a much broader scale, which is salmon,

0:33:06.636 --> 0:33:08.516
<v Speaker 2>whether we make it or it comes from a fish,

0:33:09.196 --> 0:33:11.036
<v Speaker 2>healthy thing that we should be eating more of, and

0:33:11.116 --> 0:33:14.036
<v Speaker 2>it's not good for society if it becomes less accessible.

0:33:14.196 --> 0:33:16.196
<v Speaker 2>That is why I've got this bur in my saddle

0:33:16.276 --> 0:33:19.236
<v Speaker 2>to scale up this process as quickly as we can,

0:33:19.356 --> 0:33:21.996
<v Speaker 2>and not just for the cost and profitability and all

0:33:22.036 --> 0:33:24.156
<v Speaker 2>that stuff we were just talking about, but just to

0:33:24.196 --> 0:33:26.076
<v Speaker 2>get it to more people and to give people a

0:33:26.116 --> 0:33:27.236
<v Speaker 2>more affordable choice.

0:33:28.116 --> 0:33:32.476
<v Speaker 1>What's the salmon. Like, now, if I got the salmon

0:33:32.556 --> 0:33:35.236
<v Speaker 1>sushi at one of the four restaurants where it's would

0:33:35.236 --> 0:33:35.756
<v Speaker 1>I even know?

0:33:37.756 --> 0:33:40.316
<v Speaker 2>I think it depends. And we've actually tested this, So

0:33:40.356 --> 0:33:43.036
<v Speaker 2>we've done blind taste tests for consumer and we obviously

0:33:43.076 --> 0:33:45.676
<v Speaker 2>tell them that there's potentially cultivated. We're not trying to

0:33:45.716 --> 0:33:46.516
<v Speaker 2>fool anybody, but.

0:33:46.596 --> 0:33:48.076
<v Speaker 1>Sure, sure. Yeah. When I say what I even know,

0:33:48.116 --> 0:33:49.596
<v Speaker 1>I don't mean would they be fooling me? I mean,

0:33:49.596 --> 0:33:50.876
<v Speaker 1>would I be able to distinguish?

0:33:51.076 --> 0:33:52.996
<v Speaker 2>Yeah? Yeah, And so what we what we've done is

0:33:53.036 --> 0:33:54.676
<v Speaker 2>we put like a piece of our locks, you know,

0:33:54.716 --> 0:33:57.676
<v Speaker 2>so like cured and smoked salmon on a little cracker,

0:33:57.796 --> 0:34:00.956
<v Speaker 2>like a water cracker, and a piece of Russen Daughters

0:34:00.996 --> 0:34:04.596
<v Speaker 2>from New York City, which is delicious the best. I agree,

0:34:04.796 --> 0:34:06.996
<v Speaker 2>that's our gold standard, you know, so master credit to

0:34:07.076 --> 0:34:10.556
<v Speaker 2>Russ and Daughters. And the answer is no, you know,

0:34:10.836 --> 0:34:14.316
<v Speaker 2>with like a pretty high degree of like statistical significance,

0:34:14.396 --> 0:34:16.316
<v Speaker 2>we don't see a distinction in liking.

0:34:16.836 --> 0:34:20.076
<v Speaker 1>Is raw salmon harder to make identical?

0:34:20.196 --> 0:34:23.196
<v Speaker 2>It's hard, yeah, And so I think obviously in the

0:34:23.276 --> 0:34:27.156
<v Speaker 2>right chef hands, and you know, obviously in certain preparations,

0:34:27.596 --> 0:34:32.076
<v Speaker 2>it is indistinguishable, which is a huge, huge accomplishment. And

0:34:32.116 --> 0:34:33.796
<v Speaker 2>the cool thing about what we're doing is that it's

0:34:33.796 --> 0:34:34.556
<v Speaker 2>always improving.

0:34:34.756 --> 0:34:36.716
<v Speaker 1>I mean, what would you like to improve on? In

0:34:36.756 --> 0:34:38.956
<v Speaker 1>what ways would you like to make the salmon you're

0:34:38.956 --> 0:34:41.356
<v Speaker 1>making better for me?

0:34:41.676 --> 0:34:43.316
<v Speaker 2>There are a couple of things. The first one I

0:34:43.316 --> 0:34:45.756
<v Speaker 2>think we've nailed in the latest recipe that we're going

0:34:45.836 --> 0:34:48.556
<v Speaker 2>to be releasing soon is the texture, just like a

0:34:48.596 --> 0:34:50.756
<v Speaker 2>really nice fibrous bite, you know, like when you're biting

0:34:50.796 --> 0:34:52.036
<v Speaker 2>like a nice cube of sashimi.

0:34:52.516 --> 0:34:56.156
<v Speaker 1>It's part of what's great about salmon sushi, right, it's

0:34:56.196 --> 0:34:58.996
<v Speaker 1>the texture. It's like both firm but so smooth and

0:34:59.596 --> 0:35:00.196
<v Speaker 1>of all the fat.

0:35:00.276 --> 0:35:02.836
<v Speaker 2>Right, that's right, Yeah, And it's hard to nail. I

0:35:02.836 --> 0:35:04.196
<v Speaker 2>think we're getting pretty darn close.

0:35:04.436 --> 0:35:08.636
<v Speaker 1>In what way is your current version that's out fall short.

0:35:08.556 --> 0:35:11.316
<v Speaker 2>On the text? I'd say it's too homogeneous, Like you

0:35:11.356 --> 0:35:13.156
<v Speaker 2>don't get this sort of like like you know, like

0:35:13.196 --> 0:35:15.196
<v Speaker 2>when your teeth are like biting into like a good

0:35:15.236 --> 0:35:17.436
<v Speaker 2>piece of meat, you kind of feel like the fibers

0:35:18.036 --> 0:35:20.756
<v Speaker 2>ripping a bit at a time. Like with the current version,

0:35:21.196 --> 0:35:24.036
<v Speaker 2>I would say, we haven't you know, fully achieved that

0:35:24.676 --> 0:35:26.436
<v Speaker 2>the thing that we're about to really is does so

0:35:26.876 --> 0:35:29.396
<v Speaker 2>I'm really excited about that. And you know, and the

0:35:29.396 --> 0:35:31.516
<v Speaker 2>other thing is protein. So protein is a big part

0:35:31.516 --> 0:35:33.516
<v Speaker 2>of the reason people like to eat any kind of

0:35:33.516 --> 0:35:36.116
<v Speaker 2>meat or seafood, and we're a bit light there, and

0:35:36.196 --> 0:35:39.796
<v Speaker 2>so it's hard to make a product that is raw

0:35:40.156 --> 0:35:41.356
<v Speaker 2>with equivalent protein.

0:35:41.516 --> 0:35:43.916
<v Speaker 1>It's not obvious to me that that would be the case, Like,

0:35:43.996 --> 0:35:44.796
<v Speaker 1>why is that?

0:35:45.596 --> 0:35:49.636
<v Speaker 2>Because raw fish is like eighty to eighty five percent water,

0:35:51.396 --> 0:35:53.356
<v Speaker 2>and so if you want to have twenty percent protein

0:35:53.396 --> 0:35:55.076
<v Speaker 2>in there, that means a lot of the protein needs

0:35:55.076 --> 0:35:55.956
<v Speaker 2>to be in the water.

0:35:58.116 --> 0:36:00.596
<v Speaker 1>That's the and in a fish, that's just the way

0:36:00.636 --> 0:36:01.116
<v Speaker 1>it works.

0:36:01.316 --> 0:36:05.036
<v Speaker 2>Yeah, yeah, and it's contained in the cells, for example,

0:36:05.316 --> 0:36:10.436
<v Speaker 2>so most cells the water. Yeah, that's a dramatic simplification

0:36:10.516 --> 0:36:13.156
<v Speaker 2>of a quite complex problem. But it's been a challenge

0:36:13.196 --> 0:36:15.116
<v Speaker 2>and I'd say we've made some progress. But those are

0:36:15.116 --> 0:36:16.956
<v Speaker 2>the two things I would like to improve.

0:36:18.156 --> 0:36:20.876
<v Speaker 1>Let's talk about policy. When we were just getting the

0:36:20.956 --> 0:36:23.516
<v Speaker 1>mic set up today, you mentioned that you were had

0:36:23.516 --> 0:36:27.596
<v Speaker 1>a press conference this morning today talking about joining a lawsuit.

0:36:28.316 --> 0:36:30.916
<v Speaker 1>What's going on? Why were you on a press conference

0:36:30.956 --> 0:36:32.556
<v Speaker 1>this morning and what were you talking about?

0:36:32.956 --> 0:36:38.516
<v Speaker 2>So Texas banned cultivated foods effective the first of September,

0:36:39.196 --> 0:36:42.196
<v Speaker 2>which which was really unfortunate because you know, we picked

0:36:42.196 --> 0:36:44.756
<v Speaker 2>Otoko because of the head chef is an incredible person,

0:36:44.836 --> 0:36:47.396
<v Speaker 2>he's an adventurous head chef.

0:36:47.396 --> 0:36:50.476
<v Speaker 1>And this is a restaurant in Austin, Texas.

0:36:50.596 --> 0:36:53.596
<v Speaker 2>Yeah. Yeah, And it was literally like one of five

0:36:53.836 --> 0:36:56.356
<v Speaker 2>that we picked that we wanted to introduce our products

0:36:56.396 --> 0:36:59.156
<v Speaker 2>to the commercial market in. And this decision was made

0:36:59.196 --> 0:37:02.476
<v Speaker 2>way before this band was even like a thought in

0:37:02.876 --> 0:37:06.716
<v Speaker 2>the rancher's minds. But this band went into effect on

0:37:06.756 --> 0:37:08.996
<v Speaker 2>the first and so we had to stop selling at Otoko,

0:37:09.276 --> 0:37:13.196
<v Speaker 2>which is just really unfortunate. And this isn't the first

0:37:13.316 --> 0:37:16.196
<v Speaker 2>date in the Union that has banned cultivated foods, it's

0:37:16.356 --> 0:37:19.876
<v Speaker 2>I believe the seventh. And this is being driven one

0:37:19.956 --> 0:37:23.436
<v Speaker 2>hundred percent by economic protectionism, really by the cattle industry

0:37:23.476 --> 0:37:25.796
<v Speaker 2>who's afraid of competition.

0:37:26.636 --> 0:37:30.756
<v Speaker 1>It does seem like an anti free market, like on

0:37:30.796 --> 0:37:33.156
<v Speaker 1>its face, right, an anti free market move.

0:37:33.276 --> 0:37:34.276
<v Speaker 2>It is like, let.

0:37:34.076 --> 0:37:38.316
<v Speaker 1>People decide they want to eat cows and fish, they can, right, No,

0:37:38.436 --> 0:37:41.556
<v Speaker 1>it is proposed taking away that option.

0:37:41.316 --> 0:37:43.956
<v Speaker 2>That's right, And given everything that we just discussed in

0:37:43.956 --> 0:37:47.716
<v Speaker 2>that moment of pessimism that you felt, yeah, I just

0:37:47.796 --> 0:37:50.796
<v Speaker 2>like they should have bigger things to worry about, right

0:37:50.876 --> 0:37:51.996
<v Speaker 2>than try to ban a.

0:37:52.676 --> 0:37:55.196
<v Speaker 1>Three little companies that can't even get alone to build

0:37:55.196 --> 0:37:55.716
<v Speaker 1>a factory.

0:37:55.916 --> 0:37:59.476
<v Speaker 2>Yeah. Yeah, leave us alone, for God's sake. And I

0:37:59.476 --> 0:38:01.436
<v Speaker 2>think if most Americans heard about this, they would be

0:38:01.476 --> 0:38:04.516
<v Speaker 2>pretty annoyed that now the government's telling us what we

0:38:04.556 --> 0:38:07.076
<v Speaker 2>can and can't eat, And like, if you don't want

0:38:07.076 --> 0:38:11.556
<v Speaker 2>our food, don't eat it. That's fine, But that choice

0:38:11.556 --> 0:38:13.716
<v Speaker 2>should be people's choices. It should not be the choice

0:38:13.756 --> 0:38:20.196
<v Speaker 2>of state legislators who got a strategically timed campaign donation.

0:38:20.836 --> 0:38:24.836
<v Speaker 1>Yeah, so your fish is still at four restaurants around

0:38:24.836 --> 0:38:25.636
<v Speaker 1>the country.

0:38:25.316 --> 0:38:28.436
<v Speaker 2>Then, yeah, So luckily Yoshio Kai has a new restaurant

0:38:28.476 --> 0:38:31.756
<v Speaker 2>in Aspen, so we just moved it over there. So

0:38:32.076 --> 0:38:34.316
<v Speaker 2>we're still in four and we'll be announcing a fifth

0:38:34.316 --> 0:38:36.476
<v Speaker 2>one in the next couple of weeks.

0:38:37.436 --> 0:38:38.996
<v Speaker 1>So what do you have to do to get wider?

0:38:39.116 --> 0:38:41.996
<v Speaker 1>What's your ramp from four to everywhere?

0:38:42.076 --> 0:38:44.236
<v Speaker 2>Yeah? And maybe the question to ask before that is like,

0:38:44.276 --> 0:38:46.356
<v Speaker 2>why did we just start with five? When you're making

0:38:46.436 --> 0:38:48.596
<v Speaker 2>real things like what we're doing food, you don't go

0:38:48.676 --> 0:38:50.676
<v Speaker 2>from It's not like software where you just like write

0:38:50.676 --> 0:38:52.596
<v Speaker 2>a program and distribute to million people. You need to

0:38:52.676 --> 0:38:56.596
<v Speaker 2>ramp up manufacturing, hire people, supply chain all that stuff.

0:38:57.156 --> 0:38:59.716
<v Speaker 2>And so what we've been trying to do is go

0:38:59.876 --> 0:39:04.396
<v Speaker 2>from literally zero three months ago to shipping product every

0:39:04.436 --> 0:39:07.316
<v Speaker 2>week to three or four, soon to be five restaurants

0:39:07.436 --> 0:39:08.236
<v Speaker 2>around the country.

0:39:08.476 --> 0:39:10.556
<v Speaker 1>Well, so should I how is that going? Or like

0:39:10.596 --> 0:39:12.836
<v Speaker 1>are you getting the fish out the door? Is it

0:39:12.916 --> 0:39:15.076
<v Speaker 1>hard to like make the fish every week?

0:39:15.396 --> 0:39:18.436
<v Speaker 2>It's some things have been harder than we expected. Like,

0:39:18.916 --> 0:39:21.836
<v Speaker 2>for example, we had we had like an ingredient provider

0:39:22.116 --> 0:39:26.236
<v Speaker 2>shift their ingredient pretty dramatically. That changed our formulation, so

0:39:26.276 --> 0:39:27.756
<v Speaker 2>we had to adjust that on the fly. So things

0:39:27.756 --> 0:39:30.316
<v Speaker 2>like that that are just kind of part of any

0:39:30.356 --> 0:39:31.556
<v Speaker 2>new products standing.

0:39:31.276 --> 0:39:34.796
<v Speaker 1>Up manufacturing in a way, it's like biomanufacturing, right, what

0:39:34.876 --> 0:39:35.876
<v Speaker 1>you're doing exactly.

0:39:36.676 --> 0:39:40.076
<v Speaker 2>And so from here we are absolutely open to starting

0:39:40.076 --> 0:39:43.876
<v Speaker 2>to ship to more restaurants as demand comes in, and

0:39:43.916 --> 0:39:45.636
<v Speaker 2>we have had quite a few restaurants reach out to

0:39:45.756 --> 0:39:47.836
<v Speaker 2>us and ask if they can start buying it.

0:39:48.716 --> 0:39:50.796
<v Speaker 1>That's good and is the answer yes?

0:39:51.196 --> 0:39:52.636
<v Speaker 2>Yeah, the answer is yes, And we're just kind of

0:39:52.636 --> 0:39:55.596
<v Speaker 2>slotted into our production schedule. And again, we don't want

0:39:55.596 --> 0:39:57.116
<v Speaker 2>to have stock outs, right, That's the last thing you

0:39:57.116 --> 0:39:59.316
<v Speaker 2>want when you're introducing the new product, somebody shows up.

0:39:59.316 --> 0:40:00.756
<v Speaker 2>They went out of the way to try this product,

0:40:00.756 --> 0:40:02.796
<v Speaker 2>and it's like, sorry, we don't have it this day.

0:40:02.796 --> 0:40:04.196
<v Speaker 2>We didn't get our shipment yesterday.

0:40:04.916 --> 0:40:08.196
<v Speaker 1>And then how much bigger can you get with your

0:40:08.276 --> 0:40:10.956
<v Speaker 1>current production facility.

0:40:11.316 --> 0:40:13.636
<v Speaker 2>If everything is maxed out and we tack on a

0:40:13.676 --> 0:40:16.756
<v Speaker 2>little bit more capacity, which we can do. You know,

0:40:16.796 --> 0:40:19.756
<v Speaker 2>we can maybe get up to like fifty restaurants.

0:40:19.996 --> 0:40:22.196
<v Speaker 1>And then you have this step function where you need

0:40:22.196 --> 0:40:27.916
<v Speaker 1>to get alone essentially to build a real industrial scale plant.

0:40:28.236 --> 0:40:31.156
<v Speaker 1>This is the ram question, Like fifty restaurants is great,

0:40:31.196 --> 0:40:33.516
<v Speaker 1>but it's not at all what you're going for. It's

0:40:33.556 --> 0:40:35.356
<v Speaker 1>like what does the magnitude from what you're going for?

0:40:35.436 --> 0:40:36.676
<v Speaker 1>So how do you keep going from there?

0:40:37.276 --> 0:40:40.716
<v Speaker 2>So what I was describing is one path where we

0:40:40.796 --> 0:40:42.516
<v Speaker 2>just build our own facility. We do what we did,

0:40:42.556 --> 0:40:44.316
<v Speaker 2>but just bigger, and we've got to get that finance.

0:40:44.356 --> 0:40:46.716
<v Speaker 2>That's really hard, it's not a lot of appetite. There

0:40:46.716 --> 0:40:49.476
<v Speaker 2>are two other ways you can do this. One is

0:40:49.876 --> 0:40:53.956
<v Speaker 2>we can go to a contract manufacturer that makes cells

0:40:54.036 --> 0:40:56.996
<v Speaker 2>or fermented products and has spare capacity. So instead of

0:40:56.996 --> 0:41:00.596
<v Speaker 2>building it ourselves, huh, we just pay them a toll

0:41:01.476 --> 0:41:04.396
<v Speaker 2>and they make it for us, the cells or even

0:41:04.396 --> 0:41:07.916
<v Speaker 2>the finished product, and then we can expand our capacity.

0:41:08.116 --> 0:41:10.556
<v Speaker 1>And so that is not so capital intensive. You don't

0:41:10.596 --> 0:41:13.316
<v Speaker 1>have to have any huge upfront costs that you need

0:41:13.316 --> 0:41:14.156
<v Speaker 1>to take out a loan for.

0:41:14.316 --> 0:41:17.516
<v Speaker 2>That's right, But it is slow and you can't innovate.

0:41:17.556 --> 0:41:20.356
<v Speaker 2>So if you're working with contract manufacturers, it's like pencils down.

0:41:20.476 --> 0:41:23.116
<v Speaker 1>Uh huh. This is the recipe, that's it. Yeah.

0:41:23.196 --> 0:41:25.596
<v Speaker 2>Yeah, And the reality is we're still learning, we're still

0:41:25.596 --> 0:41:28.036
<v Speaker 2>adjusting and going fast, which is why we haven't taken

0:41:28.076 --> 0:41:31.036
<v Speaker 2>that path today, but we might. The other option is,

0:41:31.316 --> 0:41:34.156
<v Speaker 2>and we're open to this, is there are companies that

0:41:34.196 --> 0:41:36.636
<v Speaker 2>can build facilities that have lots of cash and a

0:41:36.756 --> 0:41:40.236
<v Speaker 2>much lower cost capital than we do, and we'd be

0:41:40.276 --> 0:41:43.556
<v Speaker 2>happy to license our technology to them. Right, And so

0:41:43.916 --> 0:41:46.076
<v Speaker 2>that means the cell line and the feed and the

0:41:46.196 --> 0:41:48.236
<v Speaker 2>know how to make our products well.

0:41:48.276 --> 0:41:51.116
<v Speaker 1>So like Cargil, the giant food company is actually an

0:41:51.156 --> 0:41:53.316
<v Speaker 1>investor in your company, right, is that the kind of

0:41:53.396 --> 0:41:55.556
<v Speaker 1>company I should be thinking of in this context? Yeah?

0:41:55.676 --> 0:41:58.676
<v Speaker 2>Or giant seafood companies that are maxed out on their

0:41:58.716 --> 0:42:01.356
<v Speaker 2>fish farms, like we would absolutely be happy to partner

0:42:01.396 --> 0:42:01.596
<v Speaker 2>with them.

0:42:01.676 --> 0:42:03.676
<v Speaker 1>Uh huh. That makes a lot of sense.

0:42:04.036 --> 0:42:06.516
<v Speaker 2>That the reality is we're trying to do a lot

0:42:06.516 --> 0:42:10.276
<v Speaker 2>of things at a little seventy some odd person company.

0:42:10.476 --> 0:42:12.916
<v Speaker 2>We can't do it all, and I think we just

0:42:12.916 --> 0:42:14.796
<v Speaker 2>try to be really clear out about that, and when

0:42:14.836 --> 0:42:18.196
<v Speaker 2>it comes to scaling and maximizing the impact and getting

0:42:18.196 --> 0:42:20.236
<v Speaker 2>this product in front of as many people as possible,

0:42:20.876 --> 0:42:22.836
<v Speaker 2>we try to be really open minded about the best

0:42:22.836 --> 0:42:23.356
<v Speaker 2>way to do that.

0:42:24.596 --> 0:42:26.276
<v Speaker 1>Do you think you're going to try and make something

0:42:26.396 --> 0:42:27.236
<v Speaker 1>after salmon?

0:42:28.156 --> 0:42:32.556
<v Speaker 2>Yes, eventually we will, I think. But the companies that

0:42:32.756 --> 0:42:34.916
<v Speaker 2>really focused on doing one thing and one thing really

0:42:34.956 --> 0:42:36.716
<v Speaker 2>well tended to do better.

0:42:38.356 --> 0:42:40.596
<v Speaker 1>Who are you thinking of the impossible burger?

0:42:40.676 --> 0:42:42.916
<v Speaker 2>Right? They weren't trying to do like chicken shreds and

0:42:42.916 --> 0:42:45.596
<v Speaker 2>the nugget and sausage like all at once. They're like,

0:42:46.076 --> 0:42:48.156
<v Speaker 2>let's make a kick ass burger that tastes pretty good.

0:42:48.156 --> 0:42:50.996
<v Speaker 2>It's made from plants. And they did it, and I

0:42:51.156 --> 0:42:53.316
<v Speaker 2>like that product. They eat it a lot. No, it's

0:42:53.356 --> 0:42:54.876
<v Speaker 2>not for everybody, but a lot of people do it.

0:42:54.916 --> 0:42:57.276
<v Speaker 1>No, our freezer is full of many impossible meats.

0:42:57.556 --> 0:43:00.316
<v Speaker 2>Hopefully that means you're not stockpilling, but you're actually eating them.

0:43:00.316 --> 0:43:03.836
<v Speaker 2>From time to time, not out yet waiting for the apocalypse.

0:43:03.916 --> 0:43:06.596
<v Speaker 1>We don't have the big giant basement freezer. I don't

0:43:06.596 --> 0:43:08.076
<v Speaker 1>want that. It's just a regular freezer.

0:43:09.316 --> 0:43:11.156
<v Speaker 2>But you know, they chose that path while a lot

0:43:11.156 --> 0:43:13.116
<v Speaker 2>of others were like, let's just make like ten different

0:43:13.116 --> 0:43:15.436
<v Speaker 2>things at once, right, And I think for us, focus

0:43:15.556 --> 0:43:18.316
<v Speaker 2>is powerful, and so for now it's salmon. But if

0:43:18.356 --> 0:43:21.836
<v Speaker 2>we start to get energy from potential customers like hey,

0:43:21.876 --> 0:43:24.996
<v Speaker 2>can you make us a blue crab or can you

0:43:24.996 --> 0:43:27.116
<v Speaker 2>make us lobsters scallop? Like, we would take that really

0:43:27.156 --> 0:43:29.716
<v Speaker 2>seriously and we've got the right technological know how to

0:43:29.756 --> 0:43:29.996
<v Speaker 2>do it.

0:43:33.676 --> 0:43:35.796
<v Speaker 1>We'll be back in a minute with the lightning round.

0:43:49.196 --> 0:43:50.636
<v Speaker 1>We're going to finish with the lightning round.

0:43:51.236 --> 0:43:51.636
<v Speaker 2>Let's go.

0:43:52.276 --> 0:43:54.756
<v Speaker 1>So you were in the US Foreign Service in Pakistan

0:43:54.876 --> 0:43:58.996
<v Speaker 1>and Afghanistan. Correct, Yes, What is one surprising thing that

0:43:59.036 --> 0:43:59.716
<v Speaker 1>happened to you there?

0:44:00.916 --> 0:44:05.476
<v Speaker 2>I was as a guest of honor with the governor,

0:44:05.716 --> 0:44:09.316
<v Speaker 2>served the head of a goat, and I had no

0:44:09.356 --> 0:44:10.476
<v Speaker 2>idea what to do with it.

0:44:11.436 --> 0:44:13.556
<v Speaker 1>Like they just put the w all head in front

0:44:13.596 --> 0:44:15.596
<v Speaker 1>of you and said you're welcome.

0:44:16.076 --> 0:44:18.396
<v Speaker 2>I wasn't sure if I was being hazed or honored

0:44:18.796 --> 0:44:19.196
<v Speaker 2>or both.

0:44:19.356 --> 0:44:22.836
<v Speaker 1>Huh, Well, did you watch the governor and follow his lead?

0:44:23.036 --> 0:44:24.276
<v Speaker 2>No? Because it went to me.

0:44:24.436 --> 0:44:24.836
<v Speaker 1>Oh.

0:44:24.876 --> 0:44:26.916
<v Speaker 2>I felt very self conscious about that because you know,

0:44:26.956 --> 0:44:29.436
<v Speaker 2>I was about twenty years younger than the governor. It

0:44:29.476 --> 0:44:31.996
<v Speaker 2>certainly didn't feel like I should have. Sure, I represented

0:44:32.036 --> 0:44:35.596
<v Speaker 2>the United States government, but I was also thirty years old.

0:44:36.116 --> 0:44:40.356
<v Speaker 1>So is the governor of the province that you were in. Yeah,

0:44:40.396 --> 0:44:41.196
<v Speaker 1>So what did you do?

0:44:41.756 --> 0:44:43.516
<v Speaker 2>I did the best I could. I like keeled back

0:44:43.556 --> 0:44:46.196
<v Speaker 2>at jowl and went for it. Didn't taste How was it? No?

0:44:46.276 --> 0:44:48.196
<v Speaker 2>It wasn't good. There's some whiskers in there.

0:44:48.556 --> 0:44:50.156
<v Speaker 1>This is this is.

0:44:50.156 --> 0:44:52.476
<v Speaker 2>Not even saying like I think it might have been hazing,

0:44:52.556 --> 0:44:54.356
<v Speaker 2>because there were plenty of other parts of that goat

0:44:54.356 --> 0:44:55.516
<v Speaker 2>that were delicious.

0:44:56.036 --> 0:44:57.996
<v Speaker 1>What's something you missed from that part of the world.

0:44:58.876 --> 0:45:02.516
<v Speaker 2>I missed the food, and I miss the culture of hospitality,

0:45:02.876 --> 0:45:06.396
<v Speaker 2>which I think, unfortunately kind of got lost. A guest

0:45:06.596 --> 0:45:10.276
<v Speaker 2>is sacred to a lot of the push people, and

0:45:10.316 --> 0:45:13.316
<v Speaker 2>there's nothing you essentially wouldn't do for a guest, even

0:45:13.396 --> 0:45:17.236
<v Speaker 2>though he or she might be your putative enemy.

0:45:17.276 --> 0:45:20.116
<v Speaker 1>How did you experience that in practice? What's an example

0:45:20.156 --> 0:45:22.156
<v Speaker 1>of that? From your experience?

0:45:22.756 --> 0:45:26.556
<v Speaker 2>There were people who I knew were active Taliban fighters

0:45:26.596 --> 0:45:28.556
<v Speaker 2>who welcomed me into their home and introduced me to

0:45:28.636 --> 0:45:33.996
<v Speaker 2>their relatives because that's what the customs demanded, even though

0:45:34.036 --> 0:45:37.276
<v Speaker 2>you know, later that night they were probably laying IED's

0:45:37.596 --> 0:45:41.996
<v Speaker 2>blown up my friends. So yeah, it was things like that.

0:45:42.716 --> 0:45:46.236
<v Speaker 2>And by the way, it was not like duplicitous. They

0:45:46.276 --> 0:45:50.396
<v Speaker 2>were genuinely trying to extend hospitality.

0:45:50.476 --> 0:45:51.196
<v Speaker 1>Were you a spy?

0:45:51.756 --> 0:45:52.196
<v Speaker 2>I was not.

0:45:54.116 --> 0:45:55.876
<v Speaker 1>I mean, you would say that in any case. But

0:45:56.116 --> 0:45:58.516
<v Speaker 1>I had to ask, what's one thing you've learned as

0:45:58.516 --> 0:46:01.356
<v Speaker 1>a diplomat that is helpful to you running your company?

0:46:02.236 --> 0:46:03.556
<v Speaker 2>Thinking before you speak?

0:46:04.756 --> 0:46:07.996
<v Speaker 1>Very good answer. I'm still working on that one.

0:46:09.236 --> 0:46:10.316
<v Speaker 2>You know. I didn't say anything.

0:46:10.996 --> 0:46:13.676
<v Speaker 1>Yeah, just not speaking. I've learned just not speaking and

0:46:13.716 --> 0:46:16.676
<v Speaker 1>not speaking is a great move, Like you don't have

0:46:16.716 --> 0:46:17.396
<v Speaker 1>to respond.

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<v Speaker 2>It turns out that's one of the most powerful things

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<v Speaker 2>you can do as a parent when you're challenged. It's

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<v Speaker 2>just not say anything.

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<v Speaker 1>Yes, you weren't a scientist when you got into this business.

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<v Speaker 1>What's one great thing, interesting thing, favorite thing that you've

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<v Speaker 1>learned about cells in your work.

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<v Speaker 2>Cells are the most miniaturized, incredibly powerful versions of us,

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<v Speaker 2>and they have so much potential right. I think when

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<v Speaker 2>we all go through biology classes we learn that cells

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<v Speaker 2>are the building blocks of life, but like no shit,

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<v Speaker 2>they actually are and see and seeing it, seeing it

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<v Speaker 2>happen and assemble into things that become tissues and organs

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<v Speaker 2>is incredible, incredible.

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<v Speaker 1>Justin Kolbeck is the co founder and CEO of Wild Type.

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<v Speaker 1>Please email us at problem at pushkin dot fm. We

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<v Speaker 1>are always looking for new guests for the show. Today's

0:47:25.596 --> 0:47:29.396
<v Speaker 1>show was produced by Trinamanino and Gabriel Hunter Chang. It

0:47:29.556 --> 0:47:33.556
<v Speaker 1>was edited by Alexander Garreton and engineered by Sarah Bricguherrett.

0:47:33.796 --> 0:47:35.916
<v Speaker 1>I'm Jacob Goldstein and we'll be back next week with

0:47:35.996 --> 0:47:44.276
<v Speaker 1>another episode of What's Your Problem.