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kleinbl00  ·  57 days ago  ·  link  ·    ·  parent  ·  post: Juicero, but make it for coffee

We touched on this before, when you were championing the immolation engine that was Spinlaunch. I argue that this does not represent health in the market, it represents illness.

The whole schtick is "here's an idea people recognize as maybe profitable." It doesn't have to be. It doesn't have to ever be. You don't get to know anything about it because you're trusting the VCs to do that for you. And of course, you don't get to give them your money until (A) you have a lot of it (B) you've been invited. Meanwhile they take your money, rub it against everyone else's, and sprinkle it however the fuck they feel like, much of it on their friends, ostensibly in pursuit of bringing brilliant ideas to market that will change the world and make everyone rich. But look at this shit.

    The awarded nunc. coffee system offers a whole new experience, taste and ritual for premium coffee with a tech-enabled success guarantee.

It's a Juicero. For coffee. For a target price of $3500.

    Mission: "The world deserves a better coffee experience at home. A new ritual. More fascinating, more exciting, more social, higher quality, more fair, more sustainable."

"more fascinating, more exciting, more social?" it's cheaper to go to fucking Starbuck's how the fuck is this more social? it's more than a bunch of PR hype it's a bunch of fucking lies.

And the lies are coming from inside the house! The fuckin' VC money was at play before anyone even thought of making a coffee Juicero! Because Venture Stars had money from rich people to distribute to bad ideas they could profit on before blowing out and talking about being in the arena trying things. Kleiner-Perkins has to have at least a couple people on staff who took high school physics yet they still gave Spinlaunch forty fucking million dollars. Why?

It wasn't their fucking money.

See, if the VCs were actually risking their own cash? I'd be with you. But they're not. They're taking a cut of other peoples' money through a shell game of access, nepotism and perverted incentives.