Ellen Huet and Olivia Zaleski, Bloomberg:
Doug Evans, the company’s founder, would compare himself with Steve Jobs in his pursuit of juicing perfection. He declared that his juice press wields four tons of force — “enough to lift two Teslas,” he said. Google’s venture capital arm and other backers poured about $120 million into the startup. Juicero sells the machine for $400, plus the cost of individual juice packs delivered weekly. Tech blogs have dubbed it a “Keurig for juice.”
You could tell this thing was bullshit from day one — a juice making machine that only works with premixed, DRM-encumbered fruit and vegetable blends from the company that sold you the machine.
Ah, but we haven’t even gotten to what is perhaps my favourite sentence I’ve read all week:
But after the product hit the market, some investors were surprised to discover a much cheaper alternative: You can squeeze the Juicero bags with your bare hands.
Albert Burneko, Deadspin:
I like this one, too (emphasis mine):
One of the investors said they were frustrated with how the company didn’t deliver on the original pitch and that their venture firm wouldn’t have met with Evans if he were hawking bags of juice that didn’t require high-priced hardware.
When we signed up to pump money into this juice company, it was because we thought drinking the juice would be a lot harder and more expensive. That was the selling point, because Silicon Valley is a stupid libertarian dystopia where investor-class vampires are the consumers and a regular person’s money is what they go shopping for. Easily opened bags of juice do not give these awful nightmare trash parasites a good bargain on the disposable income of credulous wellness-fad suckers; therefore easily opened bags of juice are a worse investment than bags of juice that are harder to open.
As a rule of thumb, any single-purpose kitchen gadgets are a gigantic waste of money, with the possible exceptions of espresso machines, pasta rollers, corkscrews, and sushi mats. Despite this, investors spent $120 million financing a $400 — $700, before a recent price cut — WiFi-enabled bag squeezing machine.