Can we agree that if any founder makes a statement comparing themselves or their vision for their product with Steve Jobs and Apple, that they are automatically disqualified from being funded? Steve Jobs was one of a kind. If you are like Steve you don't have to say it, people will figure it out.
Juicero Is Shutting Down
221–230 of 413 posts
Re: Juicero Is Shutting Down
#222I guess the juice just wasn't worth the squeeze.
Re: Juicero Is Shutting Down
#223Earlier quoted context omitted.
This investment seemed to me to be in search of the next Dollar Shave Club.
The idea of getting people to subscribe to your product looks really good to your investors these days -- once you get people to start the subscription, they are likely to keep giving you money, even when they don't really want the product anymore because there is some effort in canceling it. I am NOT saying anything bad about the DSC, I love the commercials, but you have to wonder about a company who's business mode…
Subscription model businesses are actually pretty good businesses if you can service a genuine recurring need with a genuinely good product at a reasonable price point.
I order diapers for my kid on a subscription. As a consumer it works great for me since I didn't have any upfront one time cost like $700.
The problem I see with Juicero and its investors is that the machine is not unique, it is redundant, the investors were clearly blinded by the founder's pedigree to overlook the simple clear fact that the machine was not needed and the founder was delusional to think the machine was needed.
Re: Juicero Is Shutting Down
#224Earlier quoted context omitted.
After watching the teardown video - I really want one of these things - very impressive.
They will probably be available on eBay cheaply now that they are paperweights for those who bought them.
Maybe I misread but apparently the company is offering refunds up until Dec-31 to anyone who purchased one of these.
Re: Juicero Is Shutting Down
#225Earlier 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…
> keeps you from cooking with rotten food If only we had some kind of olfactory or optical equipment stuck on the front of our faces that could help determine the rottenness or mouldiness of food. Failing that, perhaps producers of packaged food could use some kind of common standard system to inform consumers of the date by which the food should be used by, or before which it might be at its best.
Your point is valid, but recently here in Canada there was a recall on contaminated flour. Can't remember if it was anthrax or E Coli.
Your eyes/nose won't pick up bacteria in the flour.
Re: Juicero Is Shutting Down
#226Earlier quoted context omitted.
There are low-tech versions of spoilage alert. oxygen sensitive stickers that change color if too much o2 detected inside the package.. However - there is one food label that I have always wanted on meats: slaughter date, freeze/pack date, sell date, cook date, eat date. So if I go to the store and there is meat in the freezer - when was that meat caught/slaughtered/packed/frozen. Am I eating something a year old? If…
I eat year+ old beef all the time: I buy an entire year's supply at once and freeze it. Tastes fine. What I really would like is a "picked on" label on fruits & vegetables. A cucumber from my garden is fine 3 weeks after picking. One from the grocery store is barely edible a few days after purchase.
That's because the one in the store was picked three weeks ago in Mexico and shipped to you. Remember when certain foods were only available at a certain time during the year? Me neither.
Re: Juicero Is Shutting Down
#227Earlier quoted context omitted.
After watching the teardown video - I really want one of these things - very impressive.
They will probably be available on eBay cheaply now that they are paperweights for those who bought them.
Actually I want more than one (I want the motor...)
Anyone have the specs on the motor specifically (and please ignore my naivete): max RPM vs power consumption -- what about the power of these motors would be preferable to those on a boosted board (or reverse)?
Re: Juicero Is Shutting Down
#228Earlier quoted context omitted.
After watching the teardown video - I really want one of these things - very impressive.
They will probably be available on eBay cheaply now that they are paperweights for those who bought them.
How many units did they MFR?
A smart person would put a bounty on all the tings they made
Re: Juicero Is Shutting Down
#229I 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 think what makes it frustrating is all the times people with honest good ideas walk out of investor meetings with nothing but empty promises. There doesn't appear to be any specific meritocracy or guidelines in the venture market, not even a chance to make money!