Friedberg says Climate Corp was launching paid services when Monsanto acquisition talks began, requiring hefty negotiations to satisfy prior investors.
“So I was like, well, in order to pull that off, we really have to do good for our last round's investors and kinda had a hefty negotiation to get the deal done.”
Friedberg says Monsanto's $1.1 billion acquisition of Climate Corporation was a pivotal moment for the agriculture industry.
“I think if you ask people that work in and around the industry, a lot of people call the acquisition of Climate by Monsanto because they paid $1,100,000,000.”