Juicero Is Shutting Down

Post by yahna » Fri, Sep 01, 2017, 10:12 PM UTC

_sentient wrote: post #216

johnhenry wrote: post #205

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…

The answer to this is fairly straightforward: VCs don't actually expect (or need) every investment to be successful, they just need it to have the potential to be huge if everything works out. 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. A…

Post by nickparker » Fri, Sep 01, 2017, 10:15 PM UTC

frobozz wrote: post #122

nickparker wrote: post #50

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…

> 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.

Post by notalawyer » Fri, Sep 01, 2017, 10:17 PM UTC

bane wrote: post #229

johnhenry wrote: post #205

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 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!

Post by smartician » Fri, Sep 01, 2017, 10:24 PM UTC

johnhenry wrote: post #205

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…

Post by dzhiurgis » Fri, Sep 01, 2017, 10:28 PM UTC

smartician wrote: post #237

johnhenry wrote: post #205

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…

You see a juice shop sprout at every corner of your yuppie neighborhood, and you read about the success of Keurig, who married the coffee machine with the consumer-level printer, which allows you to control which consumables go into your machine, and you think that this can somehow be translated to said fresh juice craze. So I don't think it's completely crazy. But a back-of-the-envelope calculation should have shown…