Tim DraperFounder and Managing Partne, Draper Associate · I back the ideas that look crazy first

🌱💼 Eco-Innovators Face the Dragons: Hemp Plastic Revolution! 🐉🛍️ #shorts

15 Apr 2024 · 1 min

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0:44

Entrepreneurs pitch compostable bags made from hemp and plant-based materials to Tim Draper. One bag costs nearly twice as much as conventional plastic, but uses no petrochemicals. Two companies collaborate: one makes the raw granules, the other manufactures the finished bags.

How much more expensive is this plastic bag than another plastic bag?
Almost twice. So this plastic bag, you have not made this. You have given it to some other company who makes the plastic bag. We only make the granules. Granules. Does the granule have some amount of plastic, some amount of petrochemical in it? No, not at all.
It depends on the application. Some companies need that plastic also. So say you want just compostable, natural, plant-based material, I will make that for you. So does this have some amount of petrochemical in this? No, it has— no, it has starch, it has hemp, and it has PBAT, which is plant-based as well.