alt Hacker News> bankrupt despite raising over $600 million, including from Downey Jr.’s FootPrint Coalition, taxpayers, and many others.
How on earth did French taxpayers get roped into funding a moonshot startup whose entire goal was to make pet food out of insects..
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Good question.
There seems to be strong lobbying for insects as human food, in particular from companies that would be happy feed us with their own shit as long as it's cheap and they could get away with it
The green-left seems to enjoy that idea. Exactly why is hard to tell - especially on HN, but let's say I don't think it's rational.
So I guess, successful lobbying?
Figures are all over the place, but the figures around public funding are around 50 millions (Euros) total, including EU, national and local.
They were clearly surfing on pure hype: green, local...
Because pet food is a large contributor to greenhouse gas emissions?
In Europe ist mostly crony capitalism.
Well connected people using government funds to finance their businesses.
French taxpayers need to revolt, and soon. Their situation is extremely bad
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You should look at the percentage of fish that comes from aquaculture and where the food that they are fed comes from.