Twitter Former CFO Joins Farming Startup Plenty

Selina Wang reported recently at Bloomberg that, “Twitter Inc.’s former chief financial officer has joined Plenty Inc. in that role as the indoor farming startup prepares for international expansion and improvements to its vertical growing technology.

“Mike Gupta helped take Twitter public in 2013 and left for Docker Inc. two years later. Earlier, Gupta was treasurer at gaming company Zynga Inc., helping to lead its initial public offering, and had previously spent about eight years in various roles at Yahoo.

“‘It’s not new for me to be in hypergrowth companies that are entering unchartered territory,’ Gupta said in an interview. ‘This is a very capital intensive business so having someone who can think about how we raise and deploy capital in the long run will be very important.'”

The Bloomberg article explained that, “SoftBank Group Corp.-backed Plenty has made several high profile hires in recent years, including Tesla Inc.’s former battery directory Kurt Kelty and the electric carmaker’s former vice president of engineering, Nick Kalayjian.

Founded in 2014, Plenty boasts it can yield more produce in a given area than conventional farms, with only a fraction of the water. Its backers include funds that invest on behalf of Eric Schmidt, a director of Alphabet Inc., and Jeff Bezos, chief executive officer of Inc. Plenty is betting that with its technology and a previous $200 million investment from SoftBank, it will be able to scale its farms around the world.”

This entry was posted in Agriculture Law, Start-up Company Law. Bookmark the permalink. Both comments and trackbacks are currently closed.