![]() Other investors and board members in his startup include the famous hedge-fund founder turned impact investor Jeffrey Ubben and J.D. ![]() Since then, Webb has kept her on his speed dial, exchanging texts and phone calls to compare notes, solicit advice, and exchange boardroom war stories. I've been in the garden at the house since 6 a.m. ![]() Stewart arrived a couple of minutes late wearing sweat pants. Two days later, he found himself in her Manhattan office on West 26th Street at 9 a.m. She was impressed by a speech he made and invited him to her office in New York City. He said they met briefly at ChefDance, a culinary festival that runs in conjunction with the Sundance Film Festival in Park City, Utah. "She's one of the hardest-working people I've ever met." "Martha is one of the most hustle-oriented - hustle in in a good way - personalities I've ever come across," Webb said. Webb described the first time he met one of his board members, the media mogul Martha Stewart. To start, he took advice from important people with varied backgrounds. Webb, a 35-year-old first-time founder, told Insider how he was able to take the company public in such a short timeline. Last month, the company started shipping beefsteak tomatoes, its first harvest, to select grocery stores, including Walmart and Kroger. The initial public offering added about $475 million in cash to its coffers, money that will be spent to build high-tech indoor farms to sustainably grow fruits and vegetables. AppHarvest was founded in 2017 but didn't raise its first seed check until a year later.Īfter Monday's successful exit, the Morehead, Kentucky, company is now valued at $1 billion. "In less than three years, we now have almost half a billion dollars in the bank, and we're going public on the Nasdaq," Webb said in an interview. The agriculture-tech startup raised $250,000 in its first round of seed capital in February 2018, AppHarvest CEO and founder Jonathan Webb told Insider. Shares were up as much as 15% at the start of trading.
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