[walrus01]

I'm sure it's totally normal and a trustworthy business strategy to have CTO and CEO of something with a $100 million+ budget and rapid burn rate at 23 years old. Nothing to be concerned about whatsoever.

In the telecom sector I've seen so-called "CTO" of startup companies that have less hands on experience with network engineering and building internet things than a junior/mid-level NOC staffer. How did they get in these positions? Well crafted business plan documents and pitch decks.

Can you imagine that the people who spent all of the VC money on the Juicero put any serious research or due diligence into the entire concept?

There's an entire cadre of people out there who are so far removed from the concept of the impostor syndrome that they'll go blithely full speed ahead into a brick wall. Just being cocky and confident and having a good pitch has apparently got them a ton of money to mess about with.

[runamuck]

To be honest (not a troll comment) I loved the idea of Juicero - easy pressed juice service. Before, I had to source, buy, clean, peel and chop veggies and then clean up the mess. They just gave bags of veggies ready to press. I tried to buy one. Since I live on the East Coast I had to put my name on the email waiting list. I realize the gadget itself became a poster child for over-engineered Hubris, but again, I like the idea and would definitely pay a few hundred bucks a month for the service (if it delivered on promises).

[Ekaros]

Pay a few hundred a month? That is closing at having it delivered daily or twice to door...

I think part of problem is that they believed there is any sizable class of people paying those premiums.

[CalRobert]

You forgot the part where they did drugs with some vc’s kids at Stanford

[neofrommatrix]

Wait; all they need to do is operate in founder mode, no?

[cruffle_duffle]

Juicero is hands down my favorite product ever. It’s a over(under)-engineered press that squeezes pre-masticated bits of fruit with an internet connected software stack whose entire purpose is to tell you “no”. That’s it. The entire reason for it to be anything other than a hand crank or something is to tell you “no”.

The AvE tear down video is among my favorite ever.

[dylan604]

> Just being cocky and confident and having a good pitch has apparently

This isn't just in tech. It's just a condition of human nature. I've seen it in every single industry I've worked in. To the point that I now distrust any claims of expertise in anything. So many people have just recreated something they've seen on YouTube and claim it is something new especially to the Olds because it's not like they've seen the original from YouTube. Or something similar to that concept even well before YouTube.

[Apocryphon]

Any examples, at least when it comes to industries?