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by grabcocque 3353 days ago
$120m from investors none of whom were aware you don't need a $400 machine to squeeze the juice from fruit?

How do people with so little sense get so much money?

5 comments

I'm not bothered by the fact that these guys got investment, it's an interesting idea and could have been a great kickstarter. But, $120 mil is a staggering amount for a company like this that should have relatively small startup costs.
Well, it probably cost a ton of money to convince people they need to spend $400 on a machine to squeezes the juice out of expensive packets.
Market your way out of the problem, I like it.
And more importantly, will they invest in my $1,000 wifi enabled can opener?
it uses the blockchain!
As the saying goes, if you want to know what God thinks about money, just look at the people He gives it to.
Because they sell to people with more money than sense.
Like the Campbell Soup company, for example:

https://www.crunchbase.com/organization/juicero/investors

Is that a reference to the investors they are selling too, or the target market of the product? Because I can see that working either way.
Inheritance