#66 Devon Wright- Lumo: Digging-up and Solving a Ubiquitous Freshwater Efficiency Problem
- Author
- Eli Harrell
- Published
- Wed 15 Feb 2023
- Episode Link
- None
In this episode of Products With Purpose, Eli spoke with Devon Wright, CEO of Lumo
Devon loves the experience of scaling, especially the early challenges of team-building, fundraising, and revenue growth. He founded 2 successful startups and invested in and act as an advisor to a couple of companies.
He also regularly speaks on entrepreneurship & tech and has been featured by the Wall Street Journal, Forbes, Bloomberg & CNBC.
Lumo’s mission is to massively improve freshwater efficiency for humanity and they’re doing this through their smart irrigation tech that enables growers to save water, improve crop quality, and reduce costs. By using Lumo’s system, growers can precisely control and measure the amount of water being consumed by which plants.
Some of the highlights from this episode:
- Devon's journey as he built his first startup to the point of acquisition by Yelp
- The power of obsession for entrepreneurial success
- A surprising discovery of water management problems in rural communities
- Lumo's innovative solution for addressing water shortages
- The future of farming with young, tech-savvy farmers
- Navigating the challenge of finding the perfect partners for hardware & ag expertise.
Make sure to stay until the end to hear Devon’s book recommendation, and something forward-looking that he's optimistic about right now!
We hope you love this episode! If you do, please take time to share this with someone you think would be inspired by it!
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