How This Impact Investor Is Generating Double-Digit Returns Cleaning Up The Seafood Business

  • 📰 Forbes
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

Amy Novogratz fought back from a brain tumor that could have killed her to build the world’s largest sustainable aquaculture investment fund

an oyster-hatchery owner, the creator of a chip made from dehydrated salmon skins, a grocery buyer, a restaurateur and a reporter for a dinner party in her Manhattan loft. As her guests savored arctic char poached in saffron with heirloom tomatoes and a pistachio pesto, she rose to explain the fish’s provenance: Matorka, a farm in Grindavík, Iceland, that raises its antibiotic-free fish on land in tanks using geothermal energy.

This past June, Aqua-Spark’s holdings in 19 portfolio companies were valued at $180 million. In 2019, it posted a net internal rate of return of 21.75%—impressive, especially given that that’s net of the 1% annual fee and 20% of gains that go to a for-profit management company 60% owned by Novogratz and Velings. Despite the pandemic, Novogratz expects an IRR this year in excess of 20%.

With its in-it-for-the-long-haul approach, Aqua-Spark has yet to sell a single holding. It expects companies in its portfolio to pay all employees a living wage and to prioritize transparency for scientific results. Several of its investments are in farms, which must minimize antibiotics and chemical use and limit polluting discharge.

Their relationship blossomed over the next seven months, but then Novogratz started having worrisome seizures. By October, she had received her brain tumor diagnosis. After the surgery, Velings proposed at her hospital bedside. She accepted but said she needed time to get her life back—she had to learn to walk again. Within a few months, Novogratz was back working at TED. “It was way too early,’’ she admits now. “I didn’t know how to stop pushing. It was my identity.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

New: Chris Christie spent 7 days in ICU, says “I was wrong to not wear a mask' at WH event “ I hope that my experience shows my fellow citizens that you should follow CDC guidelines in public no matter where you are and wear a mask to protect yourself and others,” he added.

wow

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Poll: Biden continues to hold double-digit national lead over TrumpJoe Biden leads by 11 points nationally in the new poll, which also finds 62 percent of Americans believe the nation is on the wrong track. Rona doesn't care nor will marine one come for you when RONA comes calling. vote and VoteBidenHarris2020 ..WearAMask and save lives. We make dope and amazing masks. TrumpFucks and TrumpCunts won’t like that Lol...
Source: YahooNews - 🏆 380. / 59 Read more »

NBC News / WSJ poll: Biden leads Trump by 11 pointsJoe Biden leads with 11 points nationally over Pres. Trump, according to a NBCNews / WSJ poll. 57% of voters said they disapproved of Pres. Trump's handling of the coronavirus. NBCNews BoycottNBC NBCNews Same poll, same time frame of the election year, in 2016. How accurate was this poll then? NBCNews NBCBlackout
Source: MSNBC - 🏆 469. / 51 Read more »

Trump campaign renews attacks on Hunter Biden as president trails by double digits in pollsTrump has long alleged that the Bidens used Joe's role as vice president to benefit his son's business dealings in the Ukraine. Man, Hunter's campaign is finished. We need a plexiglass wall around the White House to protect people from coronavirus! Lots of irresponsible people! They are super spreader of coronavirus! Vote for them not to be elected! have you reported this 👇
Source: Newsweek - 🏆 468. / 52 Read more »

Poll: Biden continues to hold double-digit national lead over TrumpLess than 3 weeks before Election Day, Joe Biden maintains a double-digit national lead over President Trump, with 6-in-10 voters saying that the country is on the wrong track and that it is worse off than it was 4 years ago. BoycottNBC Fake news. GallupNews has it flipped. = the enemy of the people FireChuckTodd firechuc BoycottNBC
Source: NBCNews - 🏆 10. / 86 Read more »

Poll: Biden Takes Double-Digit Lead Over TrumpNEW: With less than three weeks until Election Day, Joe Biden has opened up a double-digit lead over President Trump, the latest NPR/PBS NewsHour/Marist poll finds. It has Biden leading him 54% to 43% among likely voters. It is so amazingly irresponsible to report something like this, AT MINIMUM without a caveat of 'but we've been completely wrong before'. Oh thats beautiful Good. Trump needs to go and the country needs to start picking up the pieces. Folks don’t stand in line for hours in early voting because they’re happy with the way things are going. Go get ‘em, Joe. VoteBidenHarris2020
Source: NPR - 🏆 96. / 63 Read more »

How Two Young Scientists Built A $250 Million Business Using Yeast To Clean Up WastewaterHouston-based Solugen is making cheaper, more effective industrial chemicals to help scrub everything from pools and hot tubs to oil and gas companies’ wastewater. Up next: fertilizers. good guys Islam's testimony of faith is: «La ilah illa Allah» which means There is no god worthy of worship except Allah «Mohammed rasol Allah»means Muhammed is the messenger of Allah Moreover Jesus is Allah's servant and His Messenger and He was not killed or crucified as Jews say.
Source: Forbes - 🏆 394. / 53 Read more »