On-Chain Funding Archives - Los Angeles Angel Investor and Venture Capital Partner- Jonathan Hung

Automation is a feature more companies rely upon for growth. Which automation developments might be on the horizon for the food tech industry?

Automation is a divisive topic. A common concern is that automation in the food tech industry will interfere with hiring and retaining quality, paid staff members. The truth is that most restaurants don’t have ENOUGH help to keep up with demands. Automating simple motor tasks like flipping hamburgers frees up human hands to do the work robots cannot.
The restaurants most noticeably impacted by limited help are not the chain restaurants - those are doing fine. The Ma-and-Pa restaurants, on the other hand, are facing difficult times. These are the perfect candidates for automated help because it's difficult for them to make enough money to keep their lights on. They need help lowering their food costs, getting more workers, and being more efficient. Automation answers all those concerns.

What do you think about food tech automation? Share your thoughts in the comments.

About the Startup Grudge
In this series, Jonathan Hung interviews founders and investors to give you tips on how to take your startup to the next level.

💸 FOLLOW JONATHAN HUNG FOR STARTUP AND INVESTING TIPS 💸

LinkedIn: https://www.linkedin.com/in/jonathanhung/
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Website: https://jonathanhung.com/

About Jonathan:

Jonathan Hung is a transformative Los Angeles angel investor and venture capital partner who believes in a bright future for businesses seeking to broaden their horizons in North America and Asia.

One of the most active angel investors in Southern California, his mission is to drive value creation within each portfolio company. In support of this mission, he serves as Co-Managing Partner at – Unicorn Venture Partners – providing a hands-on approach to supporting companies by offering strategic expertise in operations management, finance, business development, multinational business strategy, entrepreneurship, networking, data analysis, and leadership.

In addition to providing venture capital funding and advisory support, he also provides business mentorship based on his experience running U.S. and China offices as the President of United Overseas Textile Corporation.

Jonathan was also a Managing Member for his family office fund, J Heart Ventures, which made investments in start-up companies such as:
* Gyft
* ChowNow
* Miso Robotics
* Clover Health
* Bitmain

#askanangel #losangelesangelinvestor #startupstories

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