Venture Capitalist Geniuses Invest 120M without a Demonstration of the Product

[zdreg]

https://www.bloomberg.com/news/feat...alley-s-400-juicer-may-be-feeling-the-squeeze
"“Entrepreneurs may be tempted to have a technology angle when it’s not really there."
it is incredible this co. raised 120M from venture capitalists before someone discovered that a fist does a better job than a machine.

 

[JackRab]

Burn...

Why would you want to buy chopped up fruit/veggies in a bag to squeeze it anyway? I'd prefer to buy fresh and use a nutribullet or something...

 

[JackRab]

This one works fine as well...

 

[d08]

Truly the era of Idiocracy. People go to a gym to train arm muscles, then use a machine to get juice from a bag to hydrate themselves. It's as if the competition is about how ridiculous one's spending habits can get.

 

[zdreg]

maybe, it is a sign of how much fiat money is floating around.

 

[OddTrader]

https://en.wikipedia.org/wiki/Intelligence_quotient

Q
Juicero declined to comment. A person close to the company said Juicero is aware the packs can be squeezed by hand but that most people would prefer to use the machine because the process is more consistent and less messy. The device also reads a QR code printed on the back of each produce pack and checks the source against an online database to ensure the contents haven’t expired or been recalled, the person said. The expiration date is also printed on the pack.

UQ

 

[toc]

The link below gives some idea, VC is the best but also most risky. Basically VC guys invest into dozen picks and hope for 1 to make it stellar to offset the rest going zippo or pretty much dormant.

https://www.cambridgeassociates.com...-venture-capital-funds-return-3-3-in-1q-2016/

 

[marketsurfer]

The link below gives some idea, VC is the best but also most risky. Basically VC guys invest into dozen picks and hope for 1 to make it stellar to offset the rest going zippo or pretty much dormant.

https://www.cambridgeassociates.com...-venture-capital-funds-return-3-3-in-1q-2016/

That's how they work. Losses, then 500X returns with a billion$ valuation unicorn.

 

[dealmaker]

https://www.bloomberg.com/news/feat...alley-s-400-juicer-may-be-feeling-the-squeeze
"“Entrepreneurs may be tempted to have a technology angle when it’s not really there."
it is incredible this co. raised 120M from venture capitalists before someone discovered that a fist does a better job than a machine.

Silicon Valley is subject to group think and silo mentality just like Wall St....

 

[toc]

That's how they work. Losses, then 500X returns with a billionaire $ valuation unicorn.

However the real picture is more like $1M into 15 investments. 1 turning into $17m and rest going zippo pretty much. Approximate returns of 13-14% annually. VCs returning 14% in last 3 years from above link gives the real picture.