This actually wouldn't be a horrible product if it wasn't priced so high and didn't require an internet connection. If it was more like $100-$150 I would be interested but at $400 no thank you.
The expiration date is also printed on the pack.
This actually wouldn't be a horrible product if it wasn't priced so high and didn't require an internet connection. If it was more like $100-$150 I would be interested but at $400 no thank you.
I feel like the packs should have DRM on them so that if you try to squeeze them by hand or with any other device, they just explode and cause a mess.
They ship bags of already juiced juice to people. The machine then squeezes it into a glass.
Why?
Expiration dates on food are almost entirely voluntary, actually. The only food they're required on is baby formula.I love this
Its basically illegal to sell any kind of food stuff without an expiry date these days
Do they want a pat on the back for not being idiots?
I can buy a 330ml smoothie bottle for 1,29€ at the supermarket. and I'm talking about the kind of smoothie that's made without added sugar, only fruit and vegetables.. why do I need this device?
This has a app.
This actually wouldn't be a horrible product if it wasn't priced so high and didn't require an internet connection. If it was more like $100-$150 I would be interested but at $400 no thank you.
I love this
Its basically illegal to sell any kind of food stuff without an expiry date these days
Do they want a pat on the back for not being idiots?
This actually wouldn't be a horrible product if it wasn't priced so high and didn't require an internet connection. If it was more like $100-$150 I would be interested but at $400 no thank you.
Reminds me of Theranos.
All of these types worship Jobs.
It's definitely a horrible product when you don't really need the product at all.
This actually wouldn't be a horrible product if it wasn't priced so high and didn't require an internet connection. If it was more like $100-$150 I would be interested but at $400 no thank you.
It reminds me of my Comcast cable box. It's cheaper for me to pay for basic cable and Internet and HBO than just Internet because they don't give deals on that anymore where I live. I don't want to then pay another $10 for HD and $10 for DVR so I've got the basic SD box, which is useless because I get the same TV over the air in HD. As a result I've got a useless box in my closet just to let me pay less for Internet access.
Pretty sure the bag is designed the way it is so you squeeze out all the juice but don't get the chunky bits. You wouldn't want to cut off the corner or anything like that. Again, the bag itself is the only real special thing here and they should just sell that as a subscription service without the need for a $400 squeezing press that really has no good reason to be app-enabled and WiFi-connected.Or you could to it with your own hands! You may argue that needs, like, applying some force (gasp!). But in case you didn't notice, if they make the bag with a slightly wider channel you would need less force.
Or just use some goddamn scissors and cut a corner.
Juice = This thing
Coffee = Keurig
Soda = Sodastream
...
Tea = My $120 million idea (patent pending pls don't steal)
$120 million for a juice machine? What the hell. Whoever signed off on that deserves to be fired.
As a VC, I can tell you how I think this deal went down
1 - a slide of how huge the Nespresso business is
2 - a slide of how huge the home juicing and juice bar businesses are
3 - a slide with a glossy pic of a device and juice pack that is sexy af
4 - a slide with a team who all have shit hot CVs
5 - a slide with some smashing 'Unit economics' - really high average purchase, low customer acquisition cost, huge lifetime value of repeat orders
6 - a slide with early test marketing traction validating that point 5 is totes accurate, it really is a sweet business
7 - a slide showing that other hot investors are already on board
Basically the cheques will almost write themselves
Yup this sounds like literally every pitch presentation I have ever seen alright. I guarantee step 4 opens with the line "so who are we?"As a VC, I can tell you how I think this deal went down
1 - a slide of how huge the Nespresso business is
2 - a slide of how huge the home juicing and juice bar businesses are
3 - a slide with a glossy pic of a device and juice pack that is sexy af
4 - a slide with a team who all have shit hot CVs
5 - a slide with some smashing 'Unit economics' - really high average purchase, low customer acquisition cost, huge lifetime value of repeat orders
6 - a slide with early test marketing traction validating that point 5 is totes accurate, it really is a sweet business
7 - a slide showing that other hot investors are already on board
Basically the cheques will almost write themselves
I mean I don't use some stuff at home very often because it's a pain to clean. I don't like using our pressure cooker unless a recipe needs it because of that but...
Could someone explain for me:
a) How anyone came to believe that juice is some holy grail of healthiness?
b) Why it's so hard for anyone to just eat fruit? It's like the lowest effort food there is. Maybe veggies, but a stir fry is like 15 mins of work including washing and chopping.
Wealth and success are largely a function of luck. The average intelligence and ability of someone in VC it's likely only marginally higher than the general population.Kleiner, Google Ventures, Vast and many other good VCs invested $118M into this?! Is this real life? What a time to be alive
Accurate:
https://techcrunch.com/2017/04/19/juicero-users-find-that-man-trumps-machine/
TechCrunch said:Venture capital, above all else, is about investing in people. Although a product demo helps visualize an idea, it simply serves to supplement the entrepreneurs passion for that idea.
Randys favorite all-time pitch came from Juicero founder Doug Evans who didnt quite fit the mold of an investable entrepreneur when he first walked into KPCB: a graffiti artist from New York without a college degree who wanted to start a juice company. Prior to pitching at KPCB, Doug had walked into pitches with juice samples from Juicero as well as off-the-shelf juices for comparison. Unfortunately, before he came into pitch KPCB at our Menlo Park offices, TSA confiscated his demo samples and he walked into the meeting empty handed.
With no product demo and little sleep, Doug was still able to do two things that won the hearts and minds of investors in the room: he was unapologetically passionate about his idea, and he used analogies to explain his business in a way that made sense to his audience.
As an evangelist for his product, Doug compared his business model to the Keurig business model, which was a $20 billion business opportunity at the time. Randy most admired Dougs ability to share insights he had not heard before, so when Randy walked away, he felt like this was somebody who was would fight for his idea to the death.
Wealth and success are largely a function of luck. The average intelligence and ability of someone in VC it's likely only marginally higher than the general population.
I wasn't a million miles off
https://techcrunch.com/2016/01/20/a-roadmap-for-pitching-your-startup/
I saw a pitch from some Swiss guys two years ago, making the Nespresso of protein shakes. I had to taste the thing too. Pass!
Yup this sounds like literally every pitch presentation I have ever seen alright. I guarantee step 4 opens with the line "so who are we?"
The recurring revenue would be the big thing here, everyone needs to offer a subscription
As a VC, I can tell you how I think this deal went down
1 - a slide of how huge the Nespresso business is
2 - a slide of how huge the home juicing and juice bar businesses are
3 - a slide with a glossy pic of a device and juice pack that is sexy af
4 - a slide with a team who all have shit hot CVs
5 - a slide with some smashing 'Unit economics' - really high average purchase, low customer acquisition cost, huge lifetime value of repeat orders
6 - a slide with early test marketing traction validating that point 5 is totes accurate, it really is a sweet business
7 - a slide showing that other hot investors are already on board
Basically the cheques will almost write themselves
What everyone here needs to think about is how VCs actually work. I was speaking to some of the "money guys" at a startup I worked at a while ago and basically the rule is that VCs will put money into basically anything and have the general rule that about 1 in every 10 ideas they invest in will take off, meaning they often look for at least a 10:1 return on their money when it hits.
They are also why a lot of people at startups don't actually get rich when the company finally runs into money. Investors get paid first and they get paid dearly. Think about the people who work at Juicero and are probably sitting on thousands of shares of equity that'll never amount to anything.
You've either spent your entire career in elite professions or we live on a different planet. I went from accounting to finance (not VC) and the difference in average talent level is not insignificant.I agree with this, and I am in VC. Actually, even that might be a bit flattering. Like in every business, there are some really clever people in VC, but most are just as dumb as all of us, just riding high on a power trip, thinking them being in VC means they gave a midas touch. That pisses me off most.
The per-bag cost is the most confusing part. A cup of coffee from a Keurig is more expensive compared to making a pot, but it's 2-5x cheaper than going to a coffee shop. But $8 for a cup of juice? Come on.
You've either spent your entire career in elite professions or we live on a different planet. I went from accounting to finance (not VC) and the difference in average talent level is not insignificant.