alt Hacker News>The fact that Ÿnsect failed doesn’t mean the entire insect farming sector is doomed. Competitor Innovafeed is reportedly holding up better, in part because it started with a smaller production site and is ramping up incrementally.
>For Prof. Haslam, Ÿnsect exemplifies a broader European problem. “Ÿnsect is a case study in Europe’s scaling gap. We fund moonshots. We underfund factories. We celebrate pilots. We abandon industrialization. See Northvolt [a struggling Swedish battery maker], Volocopter [a German air taxi startup], and Lilium [a failed German flying taxi company],” he said.
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I think in the case of flying taxi's is just that it is a moronic idea tho.
It’s moronic to have the government pick winners. Only private investors with actual skin in the game will pick those with true potential. This error happens again and again and again
Startups failed, now here's bob with the weather.
No monorail on the list?
How about funding some housing for the people? Why is it that every city had new huge neighbourhoods built en-masse until the 1990s, and then suddenly stopped (with a few tiny exceptions)?
But hey, flying taxis, right?
For the moment ynsect was launched in France it was obvious that it was doomed to fail. Like often here, the only real goal was to suck public funding.
Normally, you would start a small business/factory and scale with your business. Especially growing insect doesn't require a "mega factory".
But here, from the onset, they started from scratch and announced a mega investment to build a giant factory. Obviously getting hundreds of millions or even a billion, most from public funding as we could guess.