All times below are in Pacific Standard Time (California). We know that many of you will be attending from around the world, please see the below key to adjust the time. Keep in mind that all of the sessions will be recorded and available to attendees shortly after the event.
Eastern Standard Time (New York): +3 hours
Greenwich Mean Time (London): +8 hours
Central European Time (Paris): +9 hours
Israel Standard Time (Tel Aviv): +10 hours
Indian Standard Time (Mumbai): +12.5 hours
China Standard Time (Beijing, Singapore): +15 hours
Japan Standard Time (Tokyo): +16 hours
Howard Chao is an investor, lawyer and counselor to entrepreneurs. He began his work life as a corporate lawyer with O'Melveny & Myers and for many years was the Chair of the Firm's Asia Practice. He helped establish the firm's offices in Tokyo, Shanghai, Hong Kong and Beijing, and practiced for many years as a cross-border investment specialist based in Asia. Since 2001 Howard has been based in Silicon Valley, but continued to dedicate substantial time covering the Asia markets.
In recent years Howard has moved to the principal side of investing and deal-making. Howard actively makes angel and other VC investments in earlier stage companies through his personal vehicle, Doon Capital, usually in collaboration with other investors. He maintains close working relationships with various VC and PE funds. Howard invests primarily in startups located in the Silicon Valley and China. Because of Howard's extensive experience with Asia, many of his deals have an Asian (particularly Chinese) nexus.
Howard also maintains an active strategic consulting practice. Howard's extensive experience with investment and financing transactions in both the US and China leads him to advise and assist various clients in both places. His transactions span many different sectors, and include multinationals, financial investors and startup companies.
Nick Sramek is a Managing Director of Doon Insights, leading workshop development, content creation, and outreach. Nick has extensive experience assisting organizations in preparing for a world not yet visible. An exceptional communicator of complex issues to diverse stakeholders, Nick has focused expertise in understanding and communicating global macroeconomic, technological, and geopolitical trends, as well as the importance of the economies of the Asia-Pacific region.
Previously, Nick served as the Director of International Relations of Silicon Valley Forum, a Silicon Valley organization that focuses on startup mentorship, corporate digitization, and government innovation strategies. Prior to that, he was the Program and Knowledge Director for the Pacific Pension & Investment Institute, a non-profit educational organization based out of San Francisco that assists corporations, pension funds and financial institutions in carrying out their responsibilities in respect to the Asia-Pacific. Through research fellowships, he has also developed a passion for understanding the role of technology in society, particularly in developing economies.
Nick received a Bachelor’s degree in Business Administration and History from Trinity University (Texas), and a Master’s degree in International Affairs from the University of California, San Diego’s school of Global Policy and Strategy. He is conversational in Mandarin Chinese.
Despite increasing flows of capital into ag and food tech, serious exits were few and far between. But hopes have been raised recently, especially in food tech with the rise of Impossible, Beyond and other success stories. We have seen an expansion of later stage fundings, and of course the SPAC wave has targeted quite a few deals in ag and food tech (although it is unclear where the market for SPACs is heading now). Valuations across the sector are high and Series A sizes can be much larger than before, perhaps as a trickle down effect of the excitement in later stage deals. This panel will bring together financial and corporate investors and a top banker to discuss the current financing and exit environment for our sector.
The broader pressures driving alternatives from animal products are well known and numerous - the impact on climate change, human health concerns, overuse of antibiotics, pollution externalities, animal suffering, high water, energy and land usage, plus increasing demands for protein highlight the factors that have created the alternative animal product industry. Technology has enabled cell ag and vegetable based animal product alternatives to be nutritious, appetizing, and increasingly, affordable. Plus, broader public acceptance of these products has grown, paving the way for mass adoption. As these technologies continue to (and the demand for proteins and fats globally grows), an eventual shift to non-animal production seems inevitable. But, what is the trajectory of this shift? What technological, regulatory, and cultural hurdles need to be overcome?
Growing population density, demand for online groceries, restaurant delivery and vaccines/pharmaceuticals has put a spotlight on the cold chain in 2020-2021. These recent market shifts have created numerous opportunities to digitize and modernize the global cold chain. Last mile delivery in particular has been highlighted due to the COVID pandemic, placing pressure on companies to keep food supply moving. How have changing consumption patterns amidst and post-COVID impacted the cold chain? What is the role of automation in the cold chain? How are tech-enabled warehouses and automated fulfillment centers streamlined cold supply chains? Where are opportunities for further innovation and investment?
Has Covid re-invented the restaurant? This panel will reflect on the sudden shifts in consumer behavior brought on by the pandemic and the massive impact to restaurants and food service, exposing major pain points in the food supply chain. What has been the role of innovation and technology in responding to these challenges and enabling new ways to reach consumers? Has COVID changed the destiny for brick-and-mortar restaurants? Is omnichannel food commerce here to stay?Who are the winners and losers as a new ecosystem develops?
Howard Chao is an investor, lawyer and counselor to entrepreneurs. He began his work life as a corporate lawyer with O'Melveny & Myers and for many years was the Chair of the Firm's Asia Practice. He helped establish the firm's offices in Tokyo, Shanghai, Hong Kong and Beijing, and practiced for many years as a cross-border investment specialist based in Asia. Since 2001 Howard has been based in Silicon Valley, but continued to dedicate substantial time covering the Asia markets.
In recent years Howard has moved to the principal side of investing and deal-making. Howard actively makes angel and other VC investments in earlier stage companies through his personal vehicle, Doon Capital, usually in collaboration with other investors. He maintains close working relationships with various VC and PE funds. Howard invests primarily in startups located in the Silicon Valley and China. Because of Howard's extensive experience with Asia, many of his deals have an Asian (particularly Chinese) nexus.
Howard also maintains an active strategic consulting practice. Howard's extensive experience with investment and financing transactions in both the US and China leads him to advise and assist various clients in both places. His transactions span many different sectors, and include multinationals, financial investors and startup companies.
Nick Sramek is a Managing Director of Doon Insights, leading workshop development, content creation, and outreach. Nick has extensive experience assisting organizations in preparing for a world not yet visible. An exceptional communicator of complex issues to diverse stakeholders, Nick has focused expertise in understanding and communicating global macroeconomic, technological, and geopolitical trends, as well as the importance of the economies of the Asia-Pacific region.
Previously, Nick served as the Director of International Relations of Silicon Valley Forum, a Silicon Valley organization that focuses on startup mentorship, corporate digitization, and government innovation strategies. Prior to that, he was the Program and Knowledge Director for the Pacific Pension & Investment Institute, a non-profit educational organization based out of San Francisco that assists corporations, pension funds and financial institutions in carrying out their responsibilities in respect to the Asia-Pacific. Through research fellowships, he has also developed a passion for understanding the role of technology in society, particularly in developing economies.
Nick received a Bachelor’s degree in Business Administration and History from Trinity University (Texas), and a Master’s degree in International Affairs from the University of California, San Diego’s school of Global Policy and Strategy. He is conversational in Mandarin Chinese.
For millennia, land has been the key factor driving what we grow, where we grow it and what it costs to grow it. However, technology is upending the upstream infrastructure of agriculture: new technologies have changed the cost, quality, location and distribution dynamics of many agricultural products At the same time, urbanization, an aging population, rising wealth and an availability of information have altered the demand side of the equation. . Technology has been an enabler of controlled environment agriculture (CEA), which results in land being a lesser factor in the logic of production, and technology, capital, and cost of energy more important. This tech infrastructure - from water management systems, to waste and energy, to automation, has turned farming into more and more of an infrastructure play, changing the value chain completely. What are the key technologies in this revolution? What are the winning strategies for investors and operators in this sector?
Our ancestors always knew that food can benefit and harm our health, and now there is abundant scientific data to back this up. Advances in the understanding of our microbiomes, metabolism and genomics are providing us with new tools to understand what we are putting into our bodies, and how we react to these inputs on a personalized level. Digitalization and AI will permit nutrition to be customized at an unprecedented level. The movement’s potential is immense as a way to prevent sickness and helping sick people recover, potentially saving broken healthcare systems billions and helping to treat chronic diseases. As we move from a mass-made food system to a personalized one, what will be the hurdles? What is the timeline for adoption of personalized ("precision") food regimens?
In China, food safety scandals have eroded consumer’s trust in domestic products, China’s ag sector is still backwards and very inefficient, there is still a substantial economic gap between farmers and city dwellers, and there is still tremendous food waste. However, the Chinese have shown themselves very receptive to technological innovation. Large digital ecosystems like Alibaba and Pinduoduo are now leveraging their infrastructure to connect millions of farmers with consumers and helping to digitize the system, potentially creating a leapfrog effect. Pinduoduo, a relatively young company, has made news with its extensive agtech investments, aiming to bring China’s agriculture sector up to the pace of other industries. This digitization process is still ongoing, but traceability and transparency tools are helping increase trust - plus pursue China’s long-term goal of driving sustainability in the agricultural sector. One key area where change is happening fast is in the food supply chain. How has innovation disrupted China’s distribution network? How have innovations in online retail played a role? Has COVID accelerated any trends or brought about new trends in how agricultural products are sold?
India and SE Asia are the “other” developing Asia, with enormous population and growth rates. The recent successes of Grab, Gojek, Flipkart, BigBasket, Zomato, and Udaan have awakened investors to the possibility of large unicorn wins in the region. Agriculture still plays a dominant role in the regional economy, and as the population gets richer they are demanding more and higher quality food. Thus it is not surprising that more capital has been flowing into the ag and food tech sector here. But the reality is that this is not one market but many large national markets, with different cultures, geographies, crops and protein preferences, regulatory regimes and opportunity sets. This panel will assemble investors from Singapore, India and Thailand to provide a broad overview of the opportunities for ag and food tech in the region.
Howard Chao is an investor, lawyer and counselor to entrepreneurs. He began his work life as a corporate lawyer with O'Melveny & Myers and for many years was the Chair of the Firm's Asia Practice. He helped establish the firm's offices in Tokyo, Shanghai, Hong Kong and Beijing, and practiced for many years as a cross-border investment specialist based in Asia. Since 2001 Howard has been based in Silicon Valley, but continued to dedicate substantial time covering the Asia markets.
In recent years Howard has moved to the principal side of investing and deal-making. Howard actively makes angel and other VC investments in earlier stage companies through his personal vehicle, Doon Capital, usually in collaboration with other investors. He maintains close working relationships with various VC and PE funds. Howard invests primarily in startups located in the Silicon Valley and China. Because of Howard's extensive experience with Asia, many of his deals have an Asian (particularly Chinese) nexus.
Howard also maintains an active strategic consulting practice. Howard's extensive experience with investment and financing transactions in both the US and China leads him to advise and assist various clients in both places. His transactions span many different sectors, and include multinationals, financial investors and startup companies.
Nick Sramek is a Managing Director of Doon Insights, leading workshop development, content creation, and outreach. Nick has extensive experience assisting organizations in preparing for a world not yet visible. An exceptional communicator of complex issues to diverse stakeholders, Nick has focused expertise in understanding and communicating global macroeconomic, technological, and geopolitical trends, as well as the importance of the economies of the Asia-Pacific region.
Previously, Nick served as the Director of International Relations of Silicon Valley Forum, a Silicon Valley organization that focuses on startup mentorship, corporate digitization, and government innovation strategies. Prior to that, he was the Program and Knowledge Director for the Pacific Pension & Investment Institute, a non-profit educational organization based out of San Francisco that assists corporations, pension funds and financial institutions in carrying out their responsibilities in respect to the Asia-Pacific. Through research fellowships, he has also developed a passion for understanding the role of technology in society, particularly in developing economies.
Nick received a Bachelor’s degree in Business Administration and History from Trinity University (Texas), and a Master’s degree in International Affairs from the University of California, San Diego’s school of Global Policy and Strategy. He is conversational in Mandarin Chinese.