Latest / AI for Founders with Ryan Estes / Quit Code to Grow Lettuce
Transcript
- 0:00What if the safest investment in an AI obsessed world isn't an AI
- 0:03company at all? While everyone's dumping money
- 0:06into models that get wiped out the second a new one drops,
- 0:09smart founders are quietly building in a category that AI
- 0:12literally cannot replace. They call them Halo companies.
- 0:16Heavy asset, low obsolescence. The VC world is so obsessed with
- 0:19software multiples that they're completely blind to the most
- 0:22durable wealth building opportunity of our generation.
- 0:26Every time a new model drops, 100 startups die overnight.
- 0:29Halo. Several companies sit at the
- 0:30intersection of physical infrastructure and biological
- 0:34reality. Things that must exist, that
- 0:36can't be digitized away, and that AI actually makes more
- 0:40valuable, not obsolete. Labor shortages are
- 0:43accelerating, supply chains are fracturing, climate pressure is
- 0:47mounting. And the companies with hard
- 0:49assets, proprietary process and real world outputs, they're not
- 0:53just surviving the AI wave, they're riding it.
- 0:56This is where the generational opportunity is hiding.
- 0:59Not in the next chat. But in the businesses that feed,
- 1:01build and sustain the world that actually runs the chat bots.
- 1:05So are you investing in something that a better model
- 1:07makes worthless? Or are you still early enough to
- 1:10own a piece of the world that every model still depends on to
- 1:13survive? Welcome to AI for founders.
- 1:15I'm Ryan Estes, and today we're talking to Bryce from Planta
- 1:18Farms. In this episode, you'll learn
- 1:20how a Halo company founder is using controlled environment
- 1:23technology and AI powered biofeedback to revolutionize how
- 1:26food gets its start. This one's for founders who want
- 1:29to think bigger about what but industries AI actually can't
- 1:31replace, and how to build in those white spaces.
- 1:35Want more founder frameworks like this delivered straight to
- 1:37your inbox? Sign up at AI for founders.co,
- 1:40where we skip the noise, skip the hype, and hand you the
- 1:43actual playbook. Subscribe before we get smart
- 1:45enough to actually charge for it.
- 1:47And if this episode grew on you like a well lit seedling in a
- 1:49controlled environment, leave us a review.
- 1:51It takes 30 seconds and helps more founders find the show.
- 1:58Bryce, welcome to the show. Thank you so much for joining
- 2:00me. Thanks Ryan, it's a great beer.
- 2:02Yeah, I'm really excited to talk to you because 1, you have a
- 2:05really cool company. It's called Plantiva Farms dot
- 2:08coms. People can check it out and
- 2:10we'll dive into that a little bit.
- 2:12And plus, I get so into the weeds talking about AI stuff
- 2:16that I'm, I, I'm really excited to talk about what, what they're
- 2:19calling Halo companies, which is high asset, low obsolescence,
- 2:24which is just kind of a, a cool acronym for companies that are
- 2:27not threatened by AI, but rather are in a position to optimize
- 2:31with AI. So let's just dive right in.
- 2:34Bryce, give us kind of an overview of your company.
- 2:38Sure. Yeah, Plantiva Farms, newer
- 2:41company we used, we actually found it in 2023.
- 2:43So we've been working at getting the foundation of that set up,
- 2:47but it comes from years of me seeing, you know, different
- 2:51entry points of the agricultural market where I think there's a
- 2:54bit less focus being put on. So we specialize in propagation.
- 2:59And instead of doing propagation in a conventional method, which
- 3:01is usually done either kind of on the side of the field or in a
- 3:04greenhouse, we do it in a controlled environment.
- 3:06So everything is highly controlled and allows us to
- 3:09really drive the the, the the genetics of the plant like at
- 3:13the seed level so that we get the best results possible and
- 3:16then pass that on to our growers.
- 3:18Amazing. So propagation from the seed is
- 3:20not done in the soil in the field, rather it's done kind of
- 3:23in a greenhouse prior and then delivered to the field.
- 3:26That's correct. Most crops and this is kind of I
- 3:28guess a little known fact for the general public, but most
- 3:30crops that we consume are in fact started outside of the soil
- 3:35and then brought as a transplant or a young plants depending on
- 3:38where it's ending up. So we focus on three core
- 3:42clientele. The first is indoor farms.
- 3:45So we can provide a, a disease free, pest free seedling, a very
- 3:49high quality for indoor farms. We also work with greenhouse
- 3:52industry. And then we we've recently been
- 3:54pioneering methods of production on our ends to go from indoor
- 3:59production methods to outdoor field farming, which is really
- 4:02interesting because we're seeing a very high increase in yield
- 4:04for our customers with that. Yeah.
- 4:06And then I suppose that totally makes sense for indoor vertical
- 4:09farming, Outdoor is the what would be the value add was is it
- 4:14like kind of like little critters coming by and eating
- 4:17the seedlings? Is it, you know, spring storms
- 4:19destroying them when they're small?
- 4:22So there's a lot of things around that that that have a lot
- 4:25of impact on outdoor farming. So your germination rate is
- 4:28going to be a big one. And yeah, like seeds do get
- 4:31consumed in the field. It's just a question of resource
- 4:34management. You want to make sure to
- 4:36maximize every square foot of land.
- 4:38So the best way to do that is to start your plants prior in a, in
- 4:41a more, I would say soft environment and then move them
- 4:44outdoors after. It's typical practice even for
- 4:47gardeners or or any smaller venture, but like even large
- 4:51scale farms do this now and it it just gives a better yield and
- 4:54better result. Yeah, 100%.
- 4:57And I think all of us are kind of A use to that.
- 4:59There's like those cool little discs that you get when you want
- 5:01to plant a seed and it's expands up, you know, if you've got
- 5:04kids, you got to do these like little experiments and it's
- 5:07super fun. What, what kind of
- 5:08differentiates Plantiva and maybe better question is what
- 5:11opening in the market did you see that say like, hey, this is
- 5:14a perfect place for me to get involved at this stage of of
- 5:17propagation? Well, I think farmers are under
- 5:21pressure from so many different places, you know, like cost of
- 5:25increased the the cost of input materials is going out, there's
- 5:29labor shortages, there's discerning customers that are
- 5:31wanting a better product for a lower price.
- 5:34There's environmental pressure and all those things compounds
- 5:37making it harder and harder for farmers to turn a a healthy
- 5:40profit. And one of those areas where
- 5:43there was a lot of potential on on multi level is is
- 5:46propagation. I think that, you know, it's,
- 5:49it's often overlooked because it's one of these things where
- 5:51it doesn't necessarily bring a yield, sorry, a revenue for for
- 5:56a farmer, but it's a necessary piece of the puzzle.
- 5:59So it tends to get overlooked from a technology standpoint.
- 6:02So in my experience, I knew that if plants were started off
- 6:07correctly, you'd get a better result at that yield once you
- 6:10harvest it. So we decided to start really
- 6:13working on better methods for propagation using like
- 6:17technology that currently exists to to drive the genetic
- 6:21potential of each seed as much as possible to then put that
- 6:24increase in yield and that performance back in the hand of
- 6:27the farmers so that they can actually get more benefit out of
- 6:30the crops that they're planting. And so, you know, basically the
- 6:35way that we approach that is that we, we look at, you know, a
- 6:38typical method of doing this would be that you plant a seed
- 6:41and you have one recipe for the whole time is how you're growing
- 6:44it. We actually will change that
- 6:46recipe multiple times during the process.
- 6:49So if we're doing lettuce, for example, for an indoor farm and
- 6:52then the same variety for an outdoor farm, we've developed
- 6:55methods of tuning that that first phase of growth very
- 7:01differently in both ways. So that the results that we're
- 7:03getting is really destined to the environment that it's going
- 7:05to be heading to. And interestingly enough, we've
- 7:09actually embedded a lot of technology to be able to do that
- 7:12as well. So we're getting to the point
- 7:13now where we're going to be having, you know, internal
- 7:15software where multi spectral camera is actually looking at
- 7:19the the growth rate of the plant and also how it's actually
- 7:22metabolizing so that we're only giving it energy when it really
- 7:26needs it. And so we're managing our
- 7:28resources that way. And what ends up happening at
- 7:30the end is that when the plant transfers to the field, for
- 7:33example, it it's performing so much better than it would if
- 7:37it's just being grown like in a traditional method.
- 7:40Cool. So is the actual material, the
- 7:42substrate different for each plants or?
- 7:46It can be, I mean, we're, we don't want to disrupt so much on
- 7:50the way things are done for the farmers.
- 7:51So we tend to just kind of go off of what their needs are.
- 7:54So if they're used to working with a certain substrate, we, we
- 7:57keep things pretty much the same.
- 8:00Where we do change is, is in the method behind that.
- 8:02Like we'll change the lighting recipe for lettuce seedling, you
- 8:05know, four or five times during its 12 to 14 day cycle, which is
- 8:10very unconventional compared to most most approaches to
- 8:13propagation. Amazing.
- 8:15And what brought you to this product?
- 8:18Well, I mean, I'm in a, I've been in this industry for about
- 8:222025 years now. I started working like on a
- 8:27farm. I was a software engineer prior
- 8:29to that and I just, you know, I wanted to move away from
- 8:33software and get into something that was a bit more hands on.
- 8:36And this is literally about as hands on as you can get.
- 8:38So yeah, I just felt that there was a big opportunity to do
- 8:45something that was like not only good for the environment, but
- 8:48was good for the people as well. Like the better produce we can,
- 8:51we can create, like the, the healthier it is.
- 8:54You know, agriculture really is kind of our biggest industry and
- 9:00it is quite disruptive when it comes to the environment.
- 9:02So if there's ways that we can get more, more out of what we're
- 9:05already doing with less, I think that that's going to have a
- 9:08major impact. So I just always kind of, I
- 9:12don't know, just I've always had a passion for it.
- 9:14Yeah, seemed like a good time to get out of software engineering.
- 9:19This was like years and years ago, like I, I went through the
- 9:22whole transition from like mainframe systems to to online,
- 9:26like the first versions of online applications.
- 9:28So that cool a little bit. But yeah, that was like early
- 9:312000s kind of thing. Quick side note for founders who
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- 9:55prompt better, I actually came across something interesting
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- 10:05quality SEO optimized blog content that's actually designed
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- 10:22So if you're a founder thinking seriously about organic growth,
- 10:25this is one of those things worth paying attention to.
- 10:27You can check it out at Try neena.co.
- 10:30That's TRYNIN a.co Try neena.co. While you were recording your
- 10:38last episode, Casey Taylor was out there pitching your podcast
- 10:41to brands and securing sponsorship deals.
- 10:44Well, she's not yet, but she could be.
- 10:46Casey is Howdy's AI partnership agent and she does something
- 10:50pretty wild. She actually secures
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- 11:03you had something worth saying. Casey makes sure that you get
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- 11:10That's GETHOW di.com. 2 minutes to get started, then Casey takes
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- 11:17Partnershipsgethowdy.com. Yeah.com to cloud era.
- 11:23Exactly. Cool, nice.
- 11:25And it's So is this predominantly designed for like
- 11:30edible foods? Oh yeah, we, we have, our focus
- 11:33is entirely on like your traditional agriculture.
- 11:37So we do a lot of lettuce for indoor farms.
- 11:41Strawberry is becoming a very big product for us, but our our,
- 11:46you know, kind of our Holy Grail is, is all the field crops.
- 11:49So we're finding, for example, this is kind of interesting,
- 11:52like in going into specific crops, like, you know, not very
- 11:57exciting, but celery, for example, there's a particular
- 12:01problem with large scale celery propagation as that as you go
- 12:05more towards automation for transplanting, the seeds are
- 12:09actually pre sewn into these big trays.
- 12:12And then propagators receive those trays and place them in
- 12:14the greenhouse and they'll keep them for 65 to 80 days
- 12:17typically. And then once they've grown to
- 12:19that ideal size, they'll get transferred out to the field.
- 12:22The issue is that when you pre sow, there's a layer of dirt or
- 12:26substrate that goes on top of those seeds.
- 12:28And celery seeds actually need light to germinate.
- 12:30So you have this problem where logistically you're burying the
- 12:35seeds, but like so that that light's not penetrating.
- 12:38So we're actually able to monitor how to do this with like
- 12:42these these cameras and we can see certain spectrums like of
- 12:46light actually penetrating under the surface of the soil and
- 12:50triggering germination a lot faster.
- 12:51So we're able to bring our germination rate for example,
- 12:53for celery from an average of 50% to 60% all the way up to 89
- 12:59to 95% on our end. And we're getting our crops
- 13:02ready in, you know, 40 to 45 days instead of the 65 to 80
- 13:07days that you would traditionally get in the in the
- 13:09standard rehouse as well. Amazing and I I don't know much
- 13:13about agriculture, particularly Canadian agriculture, but I'm
- 13:17assuming that there's probably some some challenges just being
- 13:20so far north and maybe some advantages like talk to us a
- 13:23little bit about just agriculture in Canada broadly.
- 13:26I'm is it safe to assume that most of kind of the the the
- 13:31fruits are being shipped to the states?
- 13:34Totally, Yeah, it's interesting because Canada has reliance on
- 13:38foreign markets for half of the year.
- 13:42We're really tied to import 2012 months a year.
- 13:45So, so we even though we produce a lot, most of what we produce
- 13:48does get exported. So it creates this weird
- 13:51cyclical market here which is which is quite interesting to
- 13:54look at. But yeah, I would say that most
- 13:56of our greenhouse produce, and there is one hub in Leamington,
- 14:00Kingsville area, which is like the southernmost tip of Ontario
- 14:03that produce a lot of food. It's the biggest greenhouse
- 14:07cluster outside of the Netherlands, I believe so.
- 14:10So they really do a big, big production and most of what they
- 14:13produce does get exported to the US actually.
- 14:16Interesting. We import after that, like we'll
- 14:18ship tomatoes from Canada to the US and then we'll import
- 14:22tomatoes from the US. It's it's kind of this weird
- 14:25fact. Hope you do.
- 14:27Yeah, I was in the grocery store a few years ago and there's like
- 14:30all their grass fed beef was from Australia.
- 14:33I was like, bro, what? I tried to ask cattle all the
- 14:38time, like what are we doing? It's a global, I mean, it's such
- 14:41a global market. I mean, US is definitely one of
- 14:44the biggest consumers. This interesting stat on the,
- 14:48the animal protein side, like during the the Super Bowl,
- 14:51there's a half a billion chicken wings.
- 14:52They're eating, eating just enough, right?
- 14:56You can give me nightmares thinking about that.
- 15:01There's like a squawk, a silent squawk you don't hear in between
- 15:06halftime. Amazing.
- 15:09Yeah. That's now it.
- 15:11It seems like the agriculture in the States is largely to feed
- 15:15the cattle. I I think large in large part.
- 15:18So whether that's corn or it's soybeans, is this applicable for
- 15:21those as well? No.
- 15:23So that's all that's all under the broad acre kind of way of
- 15:27doing agriculture. So that that has its own
- 15:29science. Like we're really focused on
- 15:31vegetable crops primarily and. What?
- 15:35Oh, no, go ahead. Well.
- 15:36I was going to say, like 60% of the vegetables consumed in North
- 15:39America come from like a pretty small area of California like
- 15:44Salinas Alley down to Santa Maria.
- 15:46And so that's where we are focusing a lot of our attention
- 15:49right now as well. Cool.
- 15:51And you're, you're Canadian company, are you largely for
- 15:55Canadian growers? Are is there a barrier of entry
- 15:58to markets in the United States? I would say that because of the
- 16:02success rate that we're seeing, barrier of entry is relatively
- 16:06limited. Like we wouldn't be selling
- 16:07crops directly across the border.
- 16:09We would be setting up farms close to our clients.
- 16:12So the goal of the expansion is to pretty quickly actually
- 16:15branch out into California. Yeah, our lead investors is
- 16:18actually located in in California.
- 16:21And so that they have a location on site that that we're scoping
- 16:25for our second farm and that would be primarily to produce
- 16:29transplants for the strawberry industry and a few other large
- 16:32crop industries in California. Yeah, You know, my grand folks,
- 16:36rest in peace. They lived in Vista, which is
- 16:38outside of San Diego, and we would go to the strawberry
- 16:41patches. And I mean, they were the size
- 16:43of like oranges. You know, it's incredible cool.
- 16:49And you mentioned your investor and I know you just closed
- 16:51around. Congratulations, you have all
- 16:54the the guns blazing coming out of the what am I mixing
- 16:58metaphors here? Guns are blazing, which is
- 17:00really cool. Now for people that are thinking
- 17:03about like Halo investments, you know, obviously AI is so frothy,
- 17:06but it also seems like every time there's a new model update
- 17:11that it washes out 100 startups, you know, so people might be
- 17:15looking for alternative investments.
- 17:17And I don't think food is necessarily an alternative
- 17:20investment, but give me the pitch as far as like.
- 17:23When you're looking. For investors like what's the
- 17:25opportunity for return? What are you looking for
- 17:27attributes in a an ideal investor relationship?
- 17:31Yeah, we, I mean, we got really lucky with our investor pool.
- 17:35The more on the private equity even like family, family office
- 17:39kind of kind of groups. We have a large scale farmer
- 17:43that's involved. We have a corporate partner
- 17:46that's a large greenhouse manufacturer that that invested.
- 17:50And then the rest is local families that, that, that are
- 17:54pretty close to where we're located that just wanted to
- 17:56expand their, their portfolio. And, you know, I think that it's
- 18:01a difficult area to raise money in.
- 18:03Like we are not software based like we are actually, as you
- 18:06mentioned, like it's, it's pretty CapEx intensive to set up
- 18:09these farms. And also we're not running after
- 18:11some, you know, Unicorn eggs, that kind of thing.
- 18:15And I think that the VC world is really structured in a way
- 18:18that's rather limiting to, to the types of markets that it's
- 18:22going after. Even like investors in AG tech
- 18:25in the VC world tend to have a pretty narrow investment thesis.
- 18:30A lot of it is focused on on more on like the tech side.
- 18:34So for us, we really needed to bring investors that we're in
- 18:37for either some sort of personal interest.
- 18:41Like for this farm in California, they're egg farmers
- 18:44and the market in California for anything that's animal product
- 18:48is becoming more and more difficult.
- 18:50There's also a lot more pressure from like disease.
- 18:53So they're just looking for ways to expand their footprint and
- 18:56their market into something that's a little bit more, I
- 18:59would say, stable and in some, some cases lucrative.
- 19:04So yeah, I mean, we pitched to like 115 or 120 BCS and like, we
- 19:09got shut down a lot. Like I'm very used to rejection
- 19:12now. It's a good muscle to build.
- 19:15Rejection. You know it, but you are in an
- 19:19interesting position because you are a software engineer, you are
- 19:22a founder and you are hands on seeing these farms in action.
- 19:27I mean, is there any temptation to start to like, you know, we
- 19:30could, we could put together a little software product.
- 19:33It's, it's been really incredible watching something
- 19:36that I don't think could have happened even like a year ago,
- 19:39which is that like our, for example, our, our head grower
- 19:42has developed this entire platform because we work with
- 19:45like a specific lighting technology.
- 19:47And then we have a specific growing technology and we have a
- 19:50climate controlled system and they kind of speak to each
- 19:53other, but it's not like integrated into a full
- 19:55dashboard. And like as as an agronomist,
- 19:58she actually sat down with I think Claude or one of the AI
- 20:02like systems and like was able to actually model out like
- 20:06something where it took all these different APIs.
- 20:09And she's starting to connect them together like as a, as an
- 20:11agronomist, she's doing like high level programming work,
- 20:14which it's just insane. Like to see that happen.
- 20:16And like, same with our, our, our, we have an aggro engineer
- 20:19who's responsible for like connecting what comes out of the
- 20:22lab and all of the research we're doing into the growing
- 20:25systems. And now he's developed like with
- 20:27a, with an AI, he developed this whole protocol to help everyone
- 20:31enter information so that everything communicates properly
- 20:34and it's, it's seamless. Like it just kind of, you know,
- 20:37so, so these are people who are not software engineers, don't
- 20:40have a software background and are now able to design these
- 20:44relatively complex systems with the help of AI.
- 20:47Like it's incredible how well that's integrated into our into
- 20:50our, our process. Yeah.
- 20:53And I just think it's going to get bigger and bigger because I
- 20:55mean it's a semi controlled environment, it's in a
- 20:59greenhouse. So you have all the data on, you
- 21:02know, sun, you have all the data on humidity, you have the data
- 21:06on moisture, everything. You have all these data points.
- 21:10Plus you have cameras so you can see.
- 21:12So all the like, kind of like, you know, diagnostic tools, you
- 21:16know, this is kind of stuff where AI is going to play more
- 21:19and more and more of being able to grab stuff quick, you know.
- 21:24It's interesting like so the early stage we actually do in a
- 21:27completely controlled environment like in a warehouse.
- 21:29And so we're able to monitor everything within, you know,
- 21:33minute fractions and with these multi spectral cameras, we can
- 21:37actually detect photosynthesis. And that's creating this
- 21:40biofeedback to something where right now we're in the data
- 21:44collection phase. But eventually where we're
- 21:46trying to get is where the system's constantly recognizing
- 21:49what the plants are doing and how they're behaving and, and
- 21:52micro adjusting lighting and climate to better match what the
- 21:56plant needs. And I think that what's going to
- 21:58end up happening for us in the next, I would say like 2 to
- 22:02three years. Is that all of that agronomist
- 22:06process of determining like these game time decisions is
- 22:08going to become more and more automated and it's just going to
- 22:10be layered in with the with machine learning?
- 22:13Yeah, you could have like little laser.
- 22:15So if there's like a mosquito, like I'll grab it just like zaps
- 22:19the mosquitoes in the air. It's a stupid joke.
- 22:25I was originally going to say snails with a salt cannon but I
- 22:27always thought that was mean. You know something, I feel like
- 22:32there's a little bit of rush into it, but.
- 22:34Yeah, always feel bad for snails, but like mosquitoes, we
- 22:38can we can rid the world of. Those think so.
- 22:43Which came from the the Dalai Lama.
- 22:45I heard a video of him speaking, and he was like swatting
- 22:48mosquitoes. And they're like, hey, is it all
- 22:51sentient beings? He's like, we don't need
- 22:53mosquitoes. I was like, oh, OK, there we go.
- 22:55It's OK to hate one creature. I'm I'm with you.
- 22:58I'm with you. Cool Globally alliance.
- 23:03Let's kind of take a stab into the future.
- 23:06You know, partly AI is obviously going to come into play here,
- 23:09but with agriculture, I think that robots are going to make a
- 23:11massive play. I've interviewed a bunch of
- 23:14folks about robots while, well, culturally we're wrestling with
- 23:18the fact of do we want humanoid robots?
- 23:21Can a robot even navigate my house and and my cat and a cord
- 23:26and the fold in the rug like it? Will it be able to do that?
- 23:30But meanwhile, all of the warehouses are being replaced
- 23:33with with robots. And so it seems only natural
- 23:36that in a greenhouse or in the field, like we're going to see
- 23:39explosion of robots. What's your take?
- 23:43Yeah, I mean, I've been in a very fortunate position for the
- 23:47last years, like before I founded Plantiva, which is that
- 23:50I was, I was doing a lot of consultation for a tech cluster
- 23:54here called Zone AG Tech. This is an organization that was
- 23:57put out by the Quebec government to support agricultural
- 24:00technology in the province. The thing in Quebec that we do
- 24:03really well is innovation, like we're very good at the
- 24:06government actually puts a lot of funding into innovation
- 24:09process. You know, where there's a bit of
- 24:12a challenge is on the export of those technologies because we
- 24:14are a very small, small market. So during that period, I was
- 24:18working with a lot of companies that were developing these
- 24:20incredible technologies here, but then helping them also reach
- 24:23larger markets. And I'll give you an example.
- 24:26There's a company here called Samiag Tech that develops a
- 24:29broccoli harvesting machine. And this thing is like the
- 24:33coolest thing I've ever seen. It's, it's probably about 40
- 24:36feet wide and it has an AI vision system, a software and
- 24:41then a robotic arm like a Fenu robotic arm.
- 24:43And there's like 20 of these stations along this long, this
- 24:47long line. And if you see a broccoli
- 24:49harvesting equipment in the field conventionally, it's
- 24:52literally like this stand that's pinned behind a tractor and
- 24:56people are hunched over and they're, they're harvesting
- 24:58broccoli and they're putting it on this conveyor and then it get
- 25:00goes up to conveyor and into the, the packaging that's next
- 25:04to it. Well, this thing does exactly
- 25:05the same thing as that, except it's all automated, like it
- 25:09happens like a visual system that actually recognizes the
- 25:12size of the crown. There's a calculation that's
- 25:15done and then there's a decision where it comes in and cuts it or
- 25:17not. If it doesn't cut it, it logs
- 25:20it. So then the farmers know what's
- 25:21being left in the field. Like it's incredible to see how
- 25:23how that that's fun. And the interesting part of that
- 25:28is we, they started developing that maybe I'd say about 5 or 6
- 25:32years ago. And the time it took to develop
- 25:35that, you know, was and the, the energy and the resources and the
- 25:38money was substantial. And more recently, I was
- 25:41consulting with another firm that was doing something more
- 25:44unlike the logistics side for, for large scale saw it growing
- 25:50and the same approach to the logistics on the computer, like
- 25:54the, the software and all that was a fraction of the cost and
- 25:59what we accomplished in a year before we're able to do in like
- 26:02a month and 1/2 for something similar.
- 26:05So I'm, I'm really excited to see where this is going to go in
- 26:07the next couple years because I think that it's, it's, you know,
- 26:11the speed at which we're able to, to develop and, and, and
- 26:15bring technology to, to life is really incredible now.
- 26:18Yeah. You know, we, we just kind of
- 26:20went through kind of a challenging period.
- 26:22I'm sure this summer will be the same where it's hard to find
- 26:24people that can actually collect the to harvest the the fruits,
- 26:29whether that's for immigration concerns or political concerns.
- 26:33A lot of stuff swirling around. I mean, do do you see that kind
- 26:36of increasing? It's it's a huge problem and I
- 26:39like labor shortages is one of the two biggest challenges and
- 26:44obviously robotics is going to have a lot to do with that.
- 26:47Yeah, yeah, 100%. You know, the the food trends
- 26:51are interesting too. And I know you have history and
- 26:53kind of vertical farming and optimizing kind of like yields
- 26:58and, and space and things like that.
- 27:00You know, traditionally we've always had our city centers and
- 27:02like all of our food is grown outside of the city cities and
- 27:06kind of brought in. And now obviously we have global
- 27:09markets where like somehow I'm eating a grapefruit at, you
- 27:12know, 8000 feet in Colorado. You know, obviously it's getting
- 27:15trucked all over the place. You know, what do you see kind
- 27:17of the future of like food and humans?
- 27:20Do you do you think we bring the food closer to us?
- 27:23Are there some things that can and some things that can't?
- 27:26Yeah, I think so. I mean, there's challenges to
- 27:29that, like anything, I think there's a lot of potential
- 27:32around logistics. You know, right now it's it's
- 27:36still the guesswork a little bit as to where the markets are
- 27:39going to be requesting to have certain things at certain times
- 27:42of year. Like like anything, the market
- 27:44fluctuates a lot and consumer behavior changes throughout the
- 27:47year. So I once we start having like a
- 27:50more global view of that, I think that it's going to impact
- 27:53a lot of the ways that food actually moves around the
- 27:55planet. So I'm curious to see how AI
- 27:58models are going to be affecting that.
- 27:59And I think that's like a really high growth potential area for a
- 28:03frag. You know, growing food in a city
- 28:07or in like a peri urban model is really interesting from I think
- 28:14like an ethical and like the science approach, but it's still
- 28:20I think a little ways away just because of certain restrictions
- 28:23that are that are, you know, hard to get around, which is
- 28:26cost of energy. Real estate is a big one too.
- 28:29You know, if you, if you're thinking about a farm, like if I
- 28:31build a greenhouse on farmland here in Canada, I'm buying that
- 28:35land for, you know, 25 to $0.75 a square foot.
- 28:39And if I'm doing the same greenhouse on industrial and
- 28:43closer to a city, I'm paying, you know, $25 or something like
- 28:47that. So like the cost of the the
- 28:49infrastructure goes up a lot and then the cost of like your
- 28:51operating expenses go up a lot too.
- 28:54And food is really like a high volume, low margin business.
- 28:59So, you know, we've seen a lot of failure in in urban like like
- 29:03the big indoor farms recently. I think there was a lot of
- 29:07issues around the approach. Like it was this very heavily VC
- 29:11backed, kind of like, you know, software approach where if you
- 29:15get enough traction and you build it big enough, it's going
- 29:18to, you know, eventually going to make money and become this
- 29:21big thing. But farming is is all
- 29:23infrastructure and it's all relatively low margin, high
- 29:29volume. And I think a different approach
- 29:31is going to be needed for that. You need different incentives
- 29:34with food. At least you'd hope you would,
- 29:37yeah. You know, it's totally it's,
- 29:40it's a different, it's just a way different industry.
- 29:43I think there was we're in a really interesting learning
- 29:46process with, with the way this this industry is evolving.
- 29:49Like some of the big players that are doing well now in
- 29:51controlled environment agriculture, which is kind of
- 29:53the umbrella that lies over greenhouse and indoor farm.
- 29:58We're seeing this convergence of both kind of coming together to
- 30:01use the right tool for the, the, the job.
- 30:04You know, like I think indoor farming, like the, the highly
- 30:07controlled stuff is really good for propagation like we do.
- 30:10It's good for certain crops, but it's not a one tool fits all
- 30:14kind of thing. And now greenhouses are becoming
- 30:17a lot more effective when you fill them with with higher
- 30:20quality plants, for example. So I think we're going to see
- 30:22this kind of, you know, same as the automotive industry back in
- 30:27the day, Like there was all of these different players and like
- 30:30everyone had to design their own chassis and brake pads and all
- 30:34these kind of things. Like as the that industry
- 30:37evolved, like there was a lot of consolidation and then you saw
- 30:40all these companies emerge bringing secondary solutions to
- 30:43kind of streamline the process. I think we're in the midst of
- 30:45seeing that now and that's kind of where Plantiva fits in.
- 30:47Like we're going to like the brake pad manufacturer for a
- 30:50Ford and GM, you know, that's where we position it.
- 30:53Cool. Yeah, it's interesting.
- 30:55I mean, AI is creating like all these data centers everywhere
- 30:59and we're going to bring nuclear online to power all these data
- 31:03centers. So at some point, like the cost
- 31:05of energy is going to go to 0. It's going to, it's going to be
- 31:08so, so vast that like, you know, being able to support
- 31:14greenhouses will probably become a little bit more efficient.
- 31:17But you know, what we've seen in Colorado as far as, you know,
- 31:20indoor grows it, the the cannabis industry has done that
- 31:23at massive scale. And, you know, but what happens
- 31:27is you get conglomerates and then you get people cutting
- 31:29corners and then you get to, you know, some, some shoddy product.
- 31:33And ultimately, especially if we're talking about our food and
- 31:35for some people talking about their cannabis, they want love
- 31:39involved in the process, for lack of a better word.
- 31:41You know, I mean, the organic movement is all obviously so big
- 31:44and maybe controversial in some ways, but ultimately the food
- 31:47that you're feeding your children and you're consuming
- 31:49yourself, you hope someone behind it is bringing love to
- 31:53the table. And on, on that question, you
- 31:57know, I, I worked for a, a summer in a greenhouse and it
- 32:00was wonderful because there's just something that there's a
- 32:03feeling of all these little seedlings popping out at the
- 32:06same time in a vast greenhouse that is you can feel like a
- 32:10palpable, like joy. Oh yeah.
- 32:12It's such a cool environment, you know, like to be part of
- 32:15that. I think it's the, you know, just
- 32:17it taps into our, our nurturing tendency and it does take a lot
- 32:23of care to do that. And I think that's one of those
- 32:25things that I've always been passionate about is like
- 32:27reconnecting people with that, that feeling of like food is
- 32:30important. It's this one resource that we,
- 32:32we overlook a lot of times. And really like, you know, the
- 32:37more people understand the effort and energy that goes into
- 32:39producing it, the more that connection strengthens and it
- 32:42brings more value to it. And I think that's, it's such a,
- 32:46a, an important resource that it's really important to look at
- 32:49it from from that perspective, you know, like that connection.
- 32:52Yeah, I miss that. You know, I, I'm a sportsman, so
- 32:56I love hunting and fishing and, you know, feed my family with,
- 32:59with stuff from the forest and, you know, when as when as just,
- 33:02you know, kind of a hobbyist gardener.
- 33:05It's so great. You know, that's one thing I
- 33:06really miss about my grandparents place is, you know,
- 33:09they had like mature lemon trees in the backyard.
- 33:13So, you know, you go, just go in the morning, grab a couple of
- 33:15lemons and squeeze it in your waters.
- 33:17It's incredible. Yes.
- 33:19You know, we don't. We don't get that in Colorado.
- 33:21You get that in Montreal. No, actually, oddly enough,
- 33:26there is one grower here that does them in a greenhouse.
- 33:28But she does like this stuff. It's really cool.
- 33:30I visited her a couple times. She does like these little
- 33:33fingerling finger lines which are like, but it's it's all
- 33:36catering to like high end chefs and stuff like that.
- 33:39Like to do wanted scale be a major undertaking, but it's
- 33:43still neat to see. I know our our Southern
- 33:46California and Texas gardeners. I'm so jealous.
- 33:49There's like, oh, you got okra and citrus and avocado and
- 33:52strawberries. I mean, that's, that's a
- 33:54different kind of garden. Yeah.
- 33:56And it's like pretty year round too for them, so that's good.
- 33:59Totally cool. We're at that time in the
- 34:01podcast. We're ready to enter the Quantum
- 34:03round. Are you ready for this?
- 34:05All right, question #1. Why are your books pointed pages
- 34:11out? You'd have to ask my girlfriend
- 34:14that. Everything looks better.
- 34:16It's like it's more of an aesthetic than.
- 34:20Like, yeah, but how do I find my Kerouac book that I'm trying to
- 34:23read here? What's going on it?
- 34:25Takes me a while. My my books are in another
- 34:27bookshelf and I can clearly see what I'm looking for.
- 34:31I like it. Cool.
- 34:33If you were to enter college now as a freshman, what would you
- 34:36study? Oh man, I've been thinking about
- 34:39that lately. Actually.
- 34:40I think I would go into agro engineering.
- 34:43Interesting. Yeah.
- 34:44For what I'm doing right now, you know, I have some really
- 34:47talented people around me. And I feel sometimes that my, my
- 34:52ability to kind of keep up with the more technical aspects of
- 34:55the conversation is, is lacking. And, you know, it's not really a
- 34:58requirement for my job right now, but I find that so
- 35:01fascinating. And like that field of work, I
- 35:03think it's going to be in high demand in the future.
- 35:06So I'd probably do one for that. Is that like understanding like
- 35:10the nitrogen components of soil and things like that or is it
- 35:13more of like the hardware application to the craft?
- 35:16Yeah, it's more of like the the marriage between the agronomy,
- 35:19which is the study of, you know, the nutrients and all the all of
- 35:23the plant life sciences stuff and the actual equipment and the
- 35:28running of that equipment and the infrastructure and the
- 35:30building management and all of that is isn't kind of under the
- 35:33agro engineering umbrella. Aside from running the company
- 35:39like you have, any AI experiments you're running or
- 35:41things you're playing around with?
- 35:46Yeah, there's this one project that I've been kind of like a
- 35:48side project I've been having fun with, which is called Seed.
- 35:52And Seed is actually, it's, it's the brainchild of an architect
- 35:56called Anthony Feldman. So I met him a few years ago
- 36:01with the under the idea that he, he really wants to change kind
- 36:04of what we were talking about earlier, like he wants to change
- 36:07the dynamic of food production in cities and in North America
- 36:11right now there's or actually across the world, there's all
- 36:13these like class B&C buildings that are either not utilized or
- 36:18completely underutilized. And he has this vision of like
- 36:22basically like revamping those and having them all have an
- 36:25agricultural component. So, you know, there's kind of
- 36:29this AI model that we're, we're playing around with that would
- 36:33look at these individual buildings and come up with
- 36:36calculations and, and, and options to like look at the
- 36:40footprint and the, the location, all that, and come up with like
- 36:43a scenario or a couple scenarios that would actually be
- 36:46economically viable for these, these rebuilds.
- 36:49And I think that's pretty cool just in the fact that we can
- 36:52actually build out models like that.
- 36:53They wouldn't just take a bunch of data like in a, in a library
- 36:57and then be able to pump out some very useful information.
- 37:00I think is a is a pretty neat idea.
- 37:02That's awesome. What is this like skyscraper
- 37:04type stuff or what kind of Yeah. Well, any like large scale
- 37:08commercial building. Yeah.
- 37:10You know, there's a lot of buildings that were designed in
- 37:12the 70s and 80s that have a floor plate that doesn't really
- 37:16work for like conventional like housing or something like that.
- 37:19So to revamp them, you need to kind of be a bit more creative
- 37:22on how you you approach it. And I think for some of them
- 37:26there's high potential for farming just, you know, or, you
- 37:30know, it could be like high end laboratories or, or like there's
- 37:34a lot of nutraceutical companies now that are getting more
- 37:36involved in flat production to, to do like molecular
- 37:39multiplying. And so maybe something like
- 37:41that, but it's, it's an interesting approach.
- 37:43Yeah, I know. That's cool.
- 37:44I mean, it's like every large city in North America is dealing
- 37:48with like, what are we doing with these empty skyscrapers in
- 37:51the middle of our downtowns because they can't put anybody
- 37:55in them? To have, like, farms in there
- 37:56would be really cool. Is the challenge than light?
- 37:58You'd have to like, reproduce the sun somehow.
- 38:01Yeah. And that's not the challenge
- 38:03anymore. Like there's for the lights that
- 38:05we use for Plantiva, for example or multi channel.
- 38:07So there are 7 spectrum lighting, We can really dial
- 38:11that in super precisely and we get like really fast results out
- 38:14of the growth rate for that. So energy, I think energy is
- 38:18like the main. Yeah, just too expensive.
- 38:21Yeah. Yeah.
- 38:22Well, actually, yeah, that and like the the real estate cost
- 38:25like to rent real estate. And I guess if you're taking a
- 38:28building that has 0 tendency and you're creating some, you know,
- 38:31you could probably do it for a lower cost, but it's still going
- 38:35to be more expensive than operating a farm out in, you
- 38:37know, farmland. 100% cool you've had so many successes you want
- 38:42to share a a a terrible. Failure, you know, in like my
- 38:53previous startup, it's called nutrient tower rink.
- 38:56It's still going and we're really kind of re heading the
- 38:59pavement with with a new product soon.
- 39:02I, I put in someone to, to help manage that now.
- 39:05So he's doing a great job. But that was like going into
- 39:10product design and development is so hard.
- 39:12Like I remember, I remember we started doing manufacturing like
- 39:16offshore in China. And I remember when we had just
- 39:21signed an agreement to, to, you know, manufacture a bunch of
- 39:25these, these gardens and we were told, OK, in three months we're
- 39:28going to have these things ready.
- 39:29And then, you know, a month and 1/2 went by and we didn't get
- 39:32any news in two months. Then like 3 months swirled
- 39:35around and still no news. So the board looked at me and
- 39:37was like, I guess you got to get on a plane and get out there.
- 39:41And I ended up going to China for like, why?
- 39:44I spent like 2 1/2 years out of four years there, something
- 39:46crazy like a streamline. And that that whole process was
- 39:51kind of like one small failure after another.
- 39:54And then finding solutions to, to get over these massive
- 39:57hurdles. And you know, as an
- 39:59entrepreneur, it's, it's impossible to, to move ahead
- 40:02without dealing with failure. It's an integral part of the
- 40:05job. So.
- 40:07You kind of have to learn to get a thick skin and and deal with
- 40:10with the idea that mistakes are are there to be made and learn
- 40:14from instead of to to be avoided.
- 40:17So yeah. It's, it's hard to learn that
- 40:20lesson 'cause you got to learn the hard way.
- 40:21And I, I know like mental health for founders is important to
- 40:24you. You know how?
- 40:25How do you positively affect your your mental state?
- 40:33Well, you know, I, I think that being an entrepreneur,
- 40:35especially a founder is, is just by nature kind of an isolating
- 40:39process. You know, like we, we end up
- 40:42having to take decisions that are very meaningful and
- 40:45significant very early on in our careers.
- 40:49It's hard to know if you're making the right choice.
- 40:51And that, that's a really heavy burden, I find, especially when
- 40:53you're building startups that are, you know, more capital
- 40:57intensive, because at the end of the day, you're, you're running
- 41:00the risk of losing a lot of money for a lot of people.
- 41:02So I think that isolation is, is hard to deal with.
- 41:06So I, I, I do a lot of work around the, the ecosystem.
- 41:11I try to help other founders kind of connect and come
- 41:14together and, and talk and just like have open conversations
- 41:17about the struggles that they might be going through.
- 41:22You know, there's this kind of like image of the, the, you
- 41:26know, the, the tech CEO, which is this guy that gets up at 4:30
- 41:30in the morning and has his routine and that does the sports
- 41:33and doesn't like, Julie drives this like perfect condition.
- 41:36And like, it's all I, I, you know, I've known enough founders
- 41:40to know that maybe some of them operate that way.
- 41:43But most, most of us are human. And we, we struggle sometimes to
- 41:47get out of bed in the morning just like, just like a lot of
- 41:50other people. And it's because it's tough.
- 41:52It's really a demanding job. And.
- 41:55Yeah, failure is absolutely a big part of what we deal with on
- 42:00a day-to-day basis. And it's not easy for, you know,
- 42:04friends or family, whoever has the typical job or day-to-day to
- 42:09understand what it's like to go through that constantly.
- 42:13So, yeah, yeah. Yeah, it's important to talk
- 42:15about that too, because I, I think the stereotype too is like
- 42:19whether it's like Zach or Elon or Sam Altman or, or these guys
- 42:24who seem to like wake up and fire 40,000 people with an
- 42:28e-mail like it's nothing. And the next day they're doing
- 42:30some inspirational speech and they they have kind of a robotic
- 42:34kind of almost cruel energy to them.
- 42:38A lot of times I think founders get lumped into that group where
- 42:40it's like, man, there's emotional toll to this.
- 42:42That's like excruciating at times, you know?
- 42:46Yeah, I, I remember having to to lay off a bunch of people with
- 42:50one of my first startups and that was like I told myself,
- 42:52never again. I'm not going to put myself in a
- 42:56position like that. I thought that was really tough
- 42:57because you know, you have all these people counting on you to
- 43:00to show up so. Yeah, yeah.
- 43:02I is a part of this group called Hampton.
- 43:04It's like a founders group. And, you know, you have like a
- 43:07little cohort and a part of it is like sharing tools and
- 43:10resources and stuff, but a lot of it is just like, you know,
- 43:13crying in each other's beers. It's just like, dude, this is so
- 43:17hard. It's like, yeah, I mean, that's
- 43:20just it, you know, and. The other side of that, sorry,
- 43:24the other side of that is like sharing the wins too.
- 43:26That's really the, the, the other side is like all of the,
- 43:31it's easy to like lose track of the, the, the growth and the
- 43:36progress and the wins and kind of just sweep those under the
- 43:38rug because there's always something else like right around
- 43:41the corner. So I find it taking time to
- 43:43celebrate those little victories and, and share that with your
- 43:47team and make sure that everybody's like really
- 43:51transparently aware of what's going on.
- 43:53So when you have those moments, like everyone can kind of get,
- 43:55take a moment and celebrate. I know, I know.
- 43:58It's, that's important because you have the goal post always
- 44:01moves. You know, you're like, I just
- 44:03got to get to that $1,000,000 run rate and then you get there,
- 44:05you're like, no, we need 2 and I got to hire these people and
- 44:08then you're like, no, we need 10.
- 44:09It's like it, it's the hungry ghost realm, you know, where
- 44:12it's like never satisfying to like stop and be like, man, I'm
- 44:16kind of proud of what we did. This is kind of cool, you know,
- 44:18like allowing yourself to have the win is sometimes a
- 44:22challenge. Yeah, it's nuts.
- 44:23I mean, we just closed our seed round and we did really well.
- 44:26Like we, we brought on a good group and we raised a good
- 44:30amount of money for our sector, especially in Quebec, especially
- 44:33in this economic time. Like, I don't know what it's
- 44:34like in the US, but man, the things of tight like the
- 44:38market's tightened up so much here, so completed around says
- 44:41says a lot about the company itself.
- 44:43But like the the moment that closed, I was already like
- 44:47starting to like input my information for the series of
- 44:50hey, like can and it was like a day of breaking.
- 44:54And I say, you know. It never ends.
- 44:57All right, this has been great. We'll kind of wrap up with a
- 45:00question. You know, the the current
- 45:02American administration was kind of like experimenting with the
- 45:06idea of making Canada a state of the United States.
- 45:09Was that popular at all up there?
- 45:10I was. Hoping you wouldn't go
- 45:13political, but I'll be for my No, I mean, I have family in the
- 45:17US and I'm there all the time. And I love the States.
- 45:21It's just, I think it's it's an interesting time, put it that
- 45:24way. Yeah.
- 45:25We are not a political show. And I, I was kind of, I thought
- 45:30that proposal was ghastly, but I was also like, damn, that would
- 45:33be kind of cool though. Well.
- 45:35I mean, we're already and it's just like it's not on paper, but
- 45:39realistically, like Canada and the US are so tightly tied
- 45:42together, like we're, we're, we're family already, you know,
- 45:46So I don't know, push it any further than it is now.
- 45:49Exactly. I'm not a fan of imperialism or
- 45:51anything, but I was like, oh, we bring Mexico on board, we bring
- 45:53Canada on board. Like what a cool country is
- 45:55that? I think it's cooler for the
- 45:58states than it is for the the other two, but.
- 46:01Probably. So, Bryce, this has been
- 46:03amazing. Everybody can check out his
- 46:05company. It's plantivafarms.com.
- 46:08What's the best place to connect with you personally online?
- 46:13Yeah, if you just write to our website, you know that'll go
- 46:17straight to me. So the info@plantivafarms.com
- 46:20direct link and happy to take any questions or comments and
- 46:24looking forward to to hearing from your audience.
- 46:27Yeah, absolutely. Congratulations on closing that
- 46:29route and congratulations on such a cool business.
- 46:32Thanks, Ben. Appreciate it.
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