“Foodshed Investors NY” supercedes “NYC LION”
January 17, 2014

map_foodhsedseries_090709_CS3It’s a New Year and it’s time for a New Name!

The angel investor network formed in association with Slow Money NYC is changing its name to “Foodshed Investors NY” (formerly known as “NYC LION”).

We make this name change to better express the specific focus of our investment interests and the type of food companies that we would like to attract to work with us.

We are investing in the Foodshed.  So now: form follows function.

Our INVESTMENT CRITERIA remains the same.  We are interested in funding food and farm businesses that are SUSTAINABLE, SMALL and LOCAL.

What is a “foodshed”?

Though it may be unfamiliar, the term “foodshed” was used almost 80 years ago in a book entitled How Great Cities Are Fed (Hedden, 1929) to describe the flow of food from producer to consumer.

Seven decades later, the term was used to describe a food system that connected local producers with local consumers (Kloppenburg et al., 1996).

In this project, the general definition of a foodshed is a geographic area that supplies a population center, like NYC, with food.  — (Local Food Mapping Project, Cornell University).

NYC receives food from all over the world.  So, NYC’s “foodshed” is, in a sense, global. However, NYC has only three days of non-perishable food per person on hand at any given time. (Red Cross Preparedness Report 2013).  And we seek to make investments that increase local capacity to produce more food, improving the resilience of the region that includes NYC as its largest marketplace for the sale of food.

With this goal in mind, we face the challenge of defining “local.”  For us, a “local” food business is able to travel to NYC markets within a business day and sells its goods or services there.

If you are an Accredited Investor, feel free to apply online to join us for a free trial period of 6 months.  Our next meeting is February 26, 2014.

If you are an Entrepreneur, please apply online to make a public presentation to Slow Money NYC as the first step in getting your business introduced to Foodshed Investors.

We are interested in hearing about businesses in all aspects of the food system: farms, processors, distributors, retailers, consumer brands and waste processing.

Please let us know if you have any questions about this change of name or the business of Foodshed Investors NY.  Thanks!