Existing and having tens of millions in seeding rounds provided to them time and again.
I get their profit scheme now. Makes total sense: just keep having others give you money for nothing (no offense M4N).
While the "Goo Crew" go play with their monopoly money KBLB will land real money by sustaining a monopoly of the Spider Silk Industry. Shareholders can actually benefit from that real labor.
“Existing and having tens of millions in seeding rounds provided to them time and again.”
No doubt hundreds of millions of dollars have been thrown at the goo companies. They have blown through millions and routinely needed to request more capital. Results of that massive investment still unclear. We do know one has pivoted to brewed proteins and the other has openly discussed spider silk through their process being cost prohibitive so they are pursuing other opportunities in the fake leather market.