Equity Why hasn’t generative AI come up with something easier to say than “generative AI”?
Mar 3, 2023
This week’s discussion dives into the impressive $100 million round raised by Divert, a startup tackling food waste with innovative solutions. The hosts explore how Trust & Will is simplifying estate planning with digital tools, especially for Gen Z. They analyze the unexpected partnership between Better.com and Amazon, questioning its implications. The conversation also touches on the collapse of crypto venture investments and hints at a shifting focus towards generative AI. Boston’s resilient startup scene finds its way into the mix as well!
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Divert's Funding Journey
- Divert, founded in 2007, raised $100 million in growth equity to tackle food waste.
- This is notable because they only raised $5 million in their first 14 years while securing partnerships with major grocery chains.
Food Waste Problem
- 35% of the U.S. food supply is wasted, which has significant environmental and social implications.
- Divert aims to reduce this waste through technology like digesters and by facilitating food donations.
Trust & Will's Growth
- Trust & Will is a digital estate planning service that allows users to create wills online.
- They have doubled their revenue year over year since 2020 and recently raised $15 million.