(CNN) As a venture capitalist, JD Vance repeatedly touted his guiding principles for investing in a company: A business should not only turn a profit, it should also help American communities.
That’s why, he said, he invested in AppHarvest, a startup that promised a high-tech future for farming and for the workers of Eastern Kentucky. Over a four-year span, Vance was an early investor, board member and public pitchman for the indoor-agriculture company.
“It’s not just a good investment opportunity, it’s a great business that’s making a big difference in the world,” Vance proclaimed in a Fox Business interview on the day the company went public in February 2021.
Last year, facing hundreds of millions of dollars in debt, AppHarvest declared bankruptcy.
The rise and fall of the company, and Vance’s role in it, cuts against his image as a champion for the working class — an image that helped catapult him to the top of the Republican ticket as Donald Trump’s running mate.