Big VC firms like Google Ventures and Kleiner Perkins invested $118 million to fund a company that made a $400 machine that squeezed juice out of proprietary juice packets. Now they have nothing to show for it besides over-engineered machines destined for the dump. At least customers are getting a refund!
From the Juicero Blog:
However, today, after selling over a million Produce Packs, we must let you know that we are suspending the sale of the Juicero Press and Produce Packs immediately.
In order to fulfill our mission, we announced last month that we would shift our resources to focus on lowering the price of the Press and Produce Packs. We began identifying ways that we could source, manufacture and distribute at a lower cost to consumers.
During this process, it became clear that creating an effective manufacturing and distribution system for a nationwide customer base requires infrastructure that we cannot achieve on our own as a standalone business. We are confident that to truly have the long-term impact we want to make, we need to focus on finding an acquirer with an existing national fresh food supply chain who can carry forward the Juicero mission.
For the next 90 days, we are offering refunds for your purchase of the Juicero Press. Please contact firstname.lastname@example.org by December 1, 2017 to request a refund for your purchase. If you have an active Pack subscription, you will receive your final delivery next week (week of September 4th).
French artist Albert Uderzo, co-creator of legendary comic book characters Asterix and Obelix with writer René Goscinny, died at home ‘from a heart attack unrelated to the coronavirus.’ He was 92 years old. One of the best-loved characters in French popular culture, with more than 370m albums sold worldwide, 11 films and an Asterix theme […]
Kenny Rogers is dead at 81. The famed country singer was one of the best-selling music artists of all time, developing his signature song The Gambler into an enduring media franchise and even a restaurant chain. Rogers passed away peacefully at home from natural causes under the care of hospice and surrounded by his family. […]
12 years ago, I covered the launch of artist Jason Polan's project to sketch every single person in New York City (he'd previously sketched every work of art in the MOMA).
For wine lovers around the world, it’s all about discovery. Once they get a taste for the grape, oenophiles are rarely satisfied with even the most carefully curated, go-to vintages. There’s always a hunt for the next great pairing, the thrill of uncorking a bold new Tempranillo or sublime Moscato. That feeling is a jones […]
These toys and games can keep the kids busy while you’re all trapped inside. As rough as all this time cooped up inside the house is on us adults, it’s even worse for kids. All that borderline maniacal energy along with an unquenchable thirst for stimulation and attention make home sequestration like a life sentence […]
Python is everywhere. Just look under the hood of virtually every major tech player of the 21st century and you’re likely to find a whole lot of Python-based coding language staring back at you. Case in point: Netflix. You may not know it, but from its security protocols to its much-hyped recommendations, it turns out […]