Entrepreneur Plus - Short White
For Subscribers

How This Startup Raised a $1.7 Million Seed Round on Chicken-Less EggsClara Foods figured out how to pitch a unique product without making investors balk. Read on to learn how they did it.

ByAndrew Rosenblum

This story appears in theApril 2016issue of狗万官方.Subscribe »

Eggless egg whites sound like another vegan treat, but San Francisco-based startup Clara Foods is shooting for omnivores. It inserts genes for egg whites into yeast, which then ferments in tanks, like beer, and creates a product that is genetically egg but never involved a chicken. Clara cofounder and CEO Arturo Elizondo thinks that will appeal particularly to those who want to eat eggs but avoid the messy egg industry: Last year's avian flu outbreak, for example, cost the economy $3.3 billion and resulted in the disposal of more than 45 million U.S. hens. Yeast, meanwhile, is drama-free.

Chicken-less egg whites -- you must have developed quite the elevator speech.

We thought one pitch would work for everybody. Just not using a chicken was so revolutionary -- we thought that would be enough. But different investors were interested in different things. Some were true foodies. They asked, "You can create fluffier meringues?" Others were focused on sustainability: They really wanted to do something for the world and the environment.

This is a subscriber-only article. Join Entrepreneur+今天的访问

Editor's Pick

Related Topics

Business News

'This Is My Life Now': Man Hysterically Documents Elon Musk's 'X' Sign Blaring Flashing Lights Into His Bedroom Window

The sign, reportedly put up without a permit, is shining bright at X HQ in San Francisco.

Business News

'Awful Advice': Barbara Corcoran Slammed For 'Tone Deaf' Business Advice to Interns

The "Shark Tank" star shared tips on social media about how interns can increase their chances of getting hired full-time, but the public reaction didn't go as planned.

Leadership

These Outdated Habits Are Leading to Workplace Inefficiencies And Taking a Toll on Your Productivity

No wonder companies are having trouble collaborating effectively digitally.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Growing a Business

Corporate Social Responsibility Is More Than Just Charity — Here's Why It's Good for Business.

Is your organization ready to implement a corporate social responsibility strategy? Discover the impact of CSR on executive decision-making.

Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

Carl Ruderman is the fifth senior citizen in the Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.