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Comment by easytiger | Hacker News Reader

To be more specific it's a real estate company, that started out with a low asset ownership position.

Then it got into the asset game leveraging their revenue, but mostly leveraging some meaningless sociological/technological gibberish to skewer an investor.

I think this speaks to the state of the kind of people making decisions about things they don't even try to understand.

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This is what amazes me; that there are so many supposedly intelligent individuals throwing money at shitty ideas.

Google investing in Juicero comes to mind.

It's like any semblance of due diligence is just an afterthought.

I think calling Juicero a shitty idea is too strong. It didn't end up working, and probably it was knowable in advance that it wouldn't, but the difference between early-stage Juicero and early-stage Keurig is smaller than most people gave it credit for. There's a strong and robust market (at least in the SF Bay Area) for weird expensive juices.

I agree, fresh juice on demand is a good idea (besides the fact that the amount of sugar is usually terrible for you).

But they had to have found out very early on with Juicero that squeezing the packets by hand basically produced as much juice as their expensive machine.

They did. As the Bloomberg article mentioned^, Juicero plus at least some of their investors knew, and multiple investors felt that the product Juicero delivered didn't live up to what they were pitched. (Note that Juicero didn't get any new funding between their initial launch and going out of business.)

^ https://www.bloomberg.com/news/features/2017-04-19/silicon-v...

Well, even if you can do something by hand, there's a market for a gadget that will do it more conveniently. There is a market for food processors and rice cookers. I don't think Juicero is a good example of "stupid money" craze. Theranos is.

Were that the case. But squeezing the juice out of the packet was far easier and quicker than putting it in the machine letting it get scanned, phone home, and then slowly squeeze the bag.

Kind of have to conclude intelligence for one area does not mean someone is not a mark when it comes to a different area.

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