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Silicon Valley’s $400 Juicer May Be Feeling the Squeeze

Posted on 4/20/17 at 10:59 am
Posted by Street Hawk
Member since Nov 2014
3460 posts
Posted on 4/20/17 at 10:59 am
quote:

One of the most lavishly funded gadget startups in Silicon Valley last year was Juicero Inc. It makes a juice machine. The product was an unlikely pick for top technology investors, but they were drawn to the idea of an internet-connected device that transforms single-serving packets of chopped fruits and vegetables into a refreshing and healthy beverage.

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.”

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. Two backers said the final device was bulkier than what was originally pitched and that they were puzzled to find that customers could achieve similar results without it. Bloomberg performed its own press test, pitting a Juicero machine against a reporter’s grip. The experiment found that squeezing the bag yields nearly the same amount of juice just as quickly—and in some cases, faster—than using the device.

LINK

Between this and Theranos...whatever happened to basic 'due diligence' before investing in a startup?
Posted by fareplay
Member since Nov 2012
4817 posts
Posted on 4/20/17 at 11:01 am to
2 tons of force means there is alternative use to this juicer right? What happens if i put in some coal? Do i get diamonds?
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66413 posts
Posted on 4/20/17 at 11:02 am to
How on earth did a juicing company get $120M
Posted by TFS4E
Washington DC
Member since Nov 2008
13172 posts
Posted on 4/20/17 at 11:02 am to
quote:

How on earth did a juicing company get $120M

Because hipsters
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
66925 posts
Posted on 4/20/17 at 11:02 am to
quote:

Google’s venture capital arm and other backers poured about $120 million into the startup.


Juicero is the lucky stripper on the pole when google walked in with cash money falling out of their pockets. It's the corporate equivalent of making it rain.
Posted by Scruffy
Kansas City
Member since Jul 2011
72063 posts
Posted on 4/20/17 at 11:03 am to
Why the hell would someone pay $400 for a juicer?
Posted by jamboybarry
Member since Feb 2011
32647 posts
Posted on 4/20/17 at 11:03 am to
This is the real life equivalent of "shut up and take my money"
Posted by LSUTigersVCURams
Member since Jul 2014
21940 posts
Posted on 4/20/17 at 11:04 am to
Is that not the perfect metaphor for the iPhone age? A completely useless $400 juicer that hipsters buy as a virtue signal.
Posted by SG_Geaux
Beautiful St George
Member since Aug 2004
77964 posts
Posted on 4/20/17 at 11:04 am to
quote:

Why the hell would someone pay $400 for a juicer?




THIS! I got people to do that for me.
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
64533 posts
Posted on 4/20/17 at 11:07 am to
quote:

Why the hell would someone pay $400 for a juicer?


Someone has already answered your question....


quote:

Because hipsters


Most of them have more money than they have sense. And most of them are broke so what does that tell you?
This post was edited on 4/20/17 at 11:10 am
Posted by Box Geauxrilla
Member since Jun 2013
19118 posts
Posted on 4/20/17 at 11:08 am to
Machine still has value in that you don't have to exert all the force to squeeze it (like a citrus press), but not $400 of value.
Posted by tokenBoiler
Lafayette, Indiana
Member since Aug 2012
4414 posts
Posted on 4/20/17 at 11:34 am to
quote:

Why the hell would someone pay $400 for a juicer?


So they can then pay $8 for a cup of juice.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
62975 posts
Posted on 4/20/17 at 11:34 am to
Jack Lalanne made a better product and could have probably kicked this hippy's arse the day before he died.
Posted by junkfunky
Member since Jan 2011
33891 posts
Posted on 4/20/17 at 11:56 am to
quote:

Why the hell would someone pay $400 for a juicer?


Because they can't get a Peltzer IRL.
Posted by Pettifogger
Capitol Hill Autonomous Zone
Member since Feb 2012
79190 posts
Posted on 4/20/17 at 9:22 pm to
Have yall seen the CEO's response?

"The value of Juicero is more than a glass of cold-pressed juice. Much more."

what a fricking toolbag

Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71045 posts
Posted on 4/20/17 at 9:26 pm to
I could just get an ordinary blender and fresh fruit...
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