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Founder seems to be having a good time at Burning Man the day his company shuts down.[1] [1] https://www.instagram.com/p/BYaIlV4jFb5/?taken-by=dougevans
Even founders of failed startups deserve a chance to relax.
I simply do not understand the mindset of silicon valley investors. I used to think that perhaps they had some edge that helped them to get behind successful companies, but looking at this -- how much money they raised and from whom -- I think that there are just a bunch of people who have so much money that they can afford to risk throwing it away on something that will not likely succeed. Can someone watch the vide…
Earlier quoted context omitted.
It's like... 70% fresh squeezed. The fruit is chopped up into smaller pieces, so for the most part there isn't much difference, and it is very new fruit. But to the target demographic 70% might as well be 0%.
Once you cut open fruit and vegetables, the elements and bacteria are introduced and they start to break down.
120 million USD in funding and such a spectacular failure because of one article. This whole episode goes on to show the power journalists have. I know the sales number were bad but with so much money the founder could have bought the market or pivoted but with no coming back from the PR disaster the investors most likely just wanted their money back.
There are problems that even $120 million can't fix.
Earlier quoted context omitted.
The trouble is, I've always thought Juicero was a bank shot for digitized food in general. If that's the case, they needed to be serving consumers not businesses. The concept of food that's uniquely tagged and tracked from origin to consumption is pretty attractive - makes contamination a breeze to trace back, keeps you from cooking with rotten food since the machine knows to reject it, and it could automatically tra…
If you use a loyalty card at a Kroger owned store, they'll tell you if something is flagged for contamination, it's an automated call system. There is already pretty reasonable tracking on the industry side of the food equation; some things are better than others. It's just not at the point of consumption. I'm kind of okay with this, I'd rather the industry as a whole do more things to prevent contamination period. M…
I simply do not understand the mindset of silicon valley investors. I used to think that perhaps they had some edge that helped them to get behind successful companies, but looking at this -- how much money they raised and from whom -- I think that there are just a bunch of people who have so much money that they can afford to risk throwing it away on something that will not likely succeed. Can someone watch the vide…
Laypeople always seem shocked when a VC-funded company implodes. We should actually be surprised if we didn't see routine flame-outs, as that would mean VCs aren't taking on appropriate quantities of risk for the asset class.
As a final aside: I've lost count of the number of times I've pulled an about-face on businesses I initially thought were stupid -- once I had a chance to talk to the founders and better understand the vision. Many of these seemingly 'dumb' ideas have surprising depth.
Some, granted, are in fact dumber than a box of rocks.
This will serve as a good example for future startups where taking one concept from one market does not always work in another market. Keurig managed to make a great product at an affordable price range, both the machines ($80-$250) and the K-Cups (~$0.85 per pod). However, a $400 machine, that just squeezes the pack for juice, and each juice pack running several dollars is enough to kill anyone's wallet. I liked how…
But how is it sustainable to grow fruit, pick it, wash and peel it, then cut it up and put it into some sort of disposable bag, then ship it to each individual who wants it, then require them to own an appliance that likely runs on fossil fuels to get the product out? They could have just shipped bottle of juice to the local supermarket and cut out the machine entirely. The waste would have been less because the bott…
Founder seems to be having a good time at Burning Man the day his company shuts down.[1] [1] https://www.instagram.com/p/BYaIlV4jFb5/?taken-by=dougevans
I simply do not understand the mindset of silicon valley investors. I used to think that perhaps they had some edge that helped them to get behind successful companies, but looking at this -- how much money they raised and from whom -- I think that there are just a bunch of people who have so much money that they can afford to risk throwing it away on something that will not likely succeed. Can someone watch the vide…
I simply do not understand the mindset of silicon valley investors. I used to think that perhaps they had some edge that helped them to get behind successful companies, but looking at this -- how much money they raised and from whom -- I think that there are just a bunch of people who have so much money that they can afford to risk throwing it away on something that will not likely succeed. Can someone watch the vide…
This investment seemed to me to be in search of the next Dollar Shave Club.
I am NOT saying anything bad about the DSC, I love the commercials, but you have to wonder about a company who's business model is intertwined with subscribing to a product.