MycoWorks
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MycoWorks
MycoWorks is a startup company based in Emeryville, California, which produces materials from mycelium. The company was founded in 2013 by Philip Ross, Sophia Wang, and Eddie Pavlu. History Co-founder and chief technical officer Phil Ross's work with mycelium began before the formation of the company, which has assisted in the company's developments. In 2017, Matthew L. Scullin signed on as chief executive officer. In early 2020, the company raised Series A financing, and later that year, $45 million in Series B financing with Natalie Portman and John Legend participating. Technology Fine Mycelium is the patented process that produces the cellular structure of their first commercially available product, called Reishi. Fine Mycelium is a mushroom leather. Fine Mycelium engineers the naturally interwoven threads of mycelium to produce interlocking structures. Products Reishi is the first commercially available product from MycoWorks. MycoWorks expects brand partners to ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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San Francisco
San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of California cities by population, fourth most populous in California and List of United States cities by population, 17th most populous in the United States, with 815,201 residents as of 2021. It covers a land area of , at the end of the San Francisco Peninsula, making it the second most densely populated large U.S. city after New York City, and the County statistics of the United States, fifth most densely populated U.S. county, behind only four of the five New York City boroughs. Among the 91 U.S. cities proper with over 250,000 residents, San Francisco was ranked first by per capita income (at $160,749) and sixth by aggregate income as of 2021. Colloquial nicknames for San Francisco include ''SF'', ''San Fran'', ''The '', ''Frisco'', and '' ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Matthew L
Matthew may refer to: * Matthew (given name) * Matthew (surname) * ''Matthew'' (ship), the replica of the ship sailed by John Cabot in 1497 * ''Matthew'' (album), a 2000 album by rapper Kool Keith * Matthew (elm cultivar), a cultivar of the Chinese Elm ''Ulmus parvifolia'' Christianity * Matthew the Apostle, one of the apostles of Jesus * Gospel of Matthew, a book of the Bible See also * Matt (given name), the diminutive form of Matthew * Mathew, alternative spelling of Matthew * Matthews (other) * Matthew effect * Tropical Storm Matthew (other) The name Matthew was used for three tropical cyclones in the Atlantic Ocean, replacing Mitch after 1998. * Tropical Storm Matthew (2004) - Brought heavy rain to the Gulf Coast of Louisiana, causing light damage but no deaths. * Tropical Storm Matt ...
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Startup Company
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.Erin Griffith (2014)Why startups fail, according to their founders Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will begin market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate their business models. The startup process can take a long period of time (by so ...
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Emeryville, California
Emeryville is a city located in northwest Alameda County, California, in the United States. It lies in a corridor between the cities of Berkeley and Oakland, with a border on the shore of San Francisco Bay. The resident population was 12,905 as of 2020. Its proximity to San Francisco, the Bay Bridge, the University of California, Berkeley, and Silicon Valley has been a catalyst for recent economic growth. It is the home to Pixar Animation Studios, Peet's Coffee & Tea, the Center for Investigative Reporting, Alternative Tentacles and Clif Bar. In addition, several well-known tech and software companies are located in Emeryville: LeapFrog, Sendmail, MobiTV, Novartis (formerly Chiron before April 2006), and BigFix (now HCL). Emeryville attracts many weekday commuters due to its position as a regional employment center. Emeryville has some features of an edge city; however, it is located within the inner urban core of Oakland/the greater East Bay. It was industrialized before the ...
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Mycelium
Mycelium (plural mycelia) is a root-like structure of a fungus consisting of a mass of branching, thread-like hyphae. Fungal colonies composed of mycelium are found in and on soil and many other substrate (biology), substrates. A typical single spore germinates into a Monokaryon, monokaryotic mycelium, which cannot reproduce sexually; when two compatible monokaryotic mycelia join and form a dikaryotic mycelium, that mycelium may form sporocarp (fungi), fruiting bodies such as mushrooms. A mycelium may be minute, forming a colony that is too small to see, or may grow to span thousands of acres as in ''Armillaria''. Through the mycelium, a fungus absorbs nutrients from its environment. It does this in a two-stage process. First, the hyphae secrete enzymes onto or into the food source, which break down biopolymers, biological polymers into smaller units such as monomers. These monomers are then absorbed into the mycelium by facilitated diffusion and active transport. Mycelia are v ...
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Series A Round
A series A round (also known as series A financing or series A investment) is the name typically given to a company's first significant round of venture capital financing. The name refers to the class of preferred stock sold to investors in exchange for their investment. It is usually the first series of stock after the common stock and common stock options issued to company founders, employees, friends and family and angel investors. Series A rounds are traditionally a critical stage in the funding of new companies. Series A investors typically purchase 10% to 30% of the company. The capital raised during a series A is usually intended to capitalize the company for 6 months to 2 years as it develops its products, performs initial marketing and branding, hires its initial employees, and otherwise undertakes early stage business operations. It may be followed by more rounds ( Series B, Series C, etc). Sources of capital Because there are no public exchanges listing their securi ...
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Series B
A venture round is a type of funding round used for venture capital financing, by which startup companies obtain investment, generally from venture capitalists and other institutional investors. The availability of venture funding is among the primary stimuli for the development of new companies and technologies. Features Parties *Founders or stakeholders. Introduce companies to investors. *A lead investor, typically the best known or most aggressive venture capital firm that is participating in the investment, or the one contributing the largest amount of cash. The lead investor typically oversees most of the negotiation, legal work, due diligence, and other formalities of the investment. It may also introduce the company to other investors, generally in an informal unpaid capacity. *Co-investors, other major investors who contribute alongside the lead investor *Follow-on or piggyback investors. Typically angel investors, high-net worth individuals, family offices, institut ...
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Natalie Portman
Natalie Portman (born Natalie Hershlag, he, נטע-לי הרשלג, ) is an Israeli-born American actress. She has had a prolific film career since her teenage years and has starred in various blockbusters and independent films, receiving multiple accolades, including an Academy Award and two Golden Globe Awards. Portman began her acting career at age twelve, when she starred as the young protégée of a hitman in the action film '' Léon: The Professional'' (1994). While in high school, she made her Broadway debut in a 1998 production of ''The Diary of a Young Girl'' and gained international recognition for starring as Padmé Amidala in '' Star Wars: Episode I – The Phantom Menace'' (1999). From 1999 to 2003, Portman attended Harvard University, graduating with a bachelor's degree in psychology. She reduced her number of acting roles, but continued to act in the ''Star Wars'' prequel trilogy (2002, 2005) and in The Public Theater's 2001 revival of Anton Chekhov's play ''T ...
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John Legend
John Roger Stephens (born December 28, 1978), known professionally as John Legend, is an American singer, songwriter, pianist, and record producer. He began his musical career by working behind the scenes, playing piano on Lauryn Hill's " Everything Is Everything", and making uncredited guest appearances on Jay-Z's "Encore" and Alicia Keys's "You Don't Know My Name". He then signed to Kanye West's GOOD Music and released his debut album ''Get Lifted'' (2004), which reached the top ten on the ''Billboard'' 200 and was certified double platinum by the Recording Industry Association of America. Legend received nine nominations at the 48th Annual Grammy Awards, including nominations for the singles " So High" with Lauryn Hill and "Ordinary People", with the latter song winning for Best Male R&B Vocal Performance. The album also earned him awards for Best New Artist and Best R&B Album. His second studio album ''Once Again'' (2006), spawned the single "Save Room", and became his ...
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Artificial Leather
Artificial leather, also called synthetic leather, is a material intended to substitute for leather in upholstery, clothing, footwear, and other uses where a leather-like finish is desired but the actual material is cost prohibitive or unsuitable. Artificial leather is known under many names, including ''leatherette'', ''imitation leather'', ''faux leather'', ''vegan leather'', ''PU leather'', and ''pleather''. Manufacture Many different methods for the manufacture of imitation leathers have been developed. A current method is to use an embossed release paper known as ''casting paper'' as a form for the surface finish, often mimicking the texture of top-grain leather. This embossed release paper holds the final texture in negative. For the manufacture, the release paper is coated with several layers of plastic e.g. pvc or polyurethane, possibly including a surface finish, a colour layer, a foam layer, an adhesive, a fabric layer, a reverse finish. Depending on the spec ...
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