Market News: Eccentric Billionaire’s Biotech Foundation Reveals “3d Meat”
Would you feel better about these tasty sliders if they were "3D meat" intead of certified beef?
You probably thought that if you could see your steak on the end of your fork, you already had eaten “3D meat.” However, Breakout Labs, the biotech foundation funded by billionaire Peter Thiel, announced this week that it will invest in a start-up that “makes 3D printed meat…us[ing] bioprinting technology.” What does this mean in layman’s terms? Basically, the company receiving the grant, Modern Meadow, hopes to use animal stem cells to create an “environmentally friendly alternative” to your T-bone steak[1]. If they succeed, you could enjoy your filet in total comfort, happy in the knowledge that no real cow had to die a gruesome death to make your dinner a pleasant experience. The company hopes to apply the same process to the creation of leather, which would enable the vegans of the world to once again begin wearing cowhide jackets and boots.
Do you think that this is a good investment? Would you buy this product?
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[1] http://www.cnbc.com/id/48705341
About the Author (Author Profile)
Carole VanSickle is the editor-in-chief of the Bryan Ellis Investing Letter.
Comments (1)
Category: Uncategorized
We used to kill, cut, and wrap our own steer, but now have a ranch “harvest” guy out who then takes the carcass in for cut and wrap. He said the hides are almost worthless, a few dollars and not worth salting down. He had just thrown about sixty steer hides out. So if you are inclined to feel guilty about wearing leather, lambskin, rabbit fur, etc. remember that most of these hides are thrown away. The animal is already dead for meat, and it seems a waste to not use it all.