Surprisingly, it didn’t work outside of the Bay area. Some entrepreneurs have difficulty seeing the world’s situation beyond their local horizon.
Competition from local supermarket is too strong. I can get freshly squeezed juice from the store machine anytime I want for cheap.
Relatedly, I have no idea how “Joe and The Juice” stores remain in business. They’re in super valuable real estate in cities across the country and as far as I can tell never have anyone in them.
On other their products likely have such margin it might be possible with enough sales. The components aren't too expensive, there isn't massive number of labour and equipment isn't that big of investment either likely...
Reasonable deal for a lot of people, given that you're only overpaying on a thing that costs a tenner.
Honest question: Do startup millionaires still go shopping themselves? I imagine when you are between the area where you have a gardner for time-to-time tasks and don’t have “un majordome” yet to serve you at any time, there’s an entire higher-class-market-but-not-elites who would be interested in Juicero?
I have a friend that worked there so I even tried the product. I thought the idea was vastly overpriced, but it definitely had the chance of working. Lots of people are into green juice vs fruit juice and they were trying to create a new market.
This is a distinction without a difference. It doesn't matter what the juice is called. It doesn't change the fact that it's idiotic to pay hundreds of dollars for a machine that just squeezes bags of fruits and vegetables, and needs an Internet connection to ensure you're locked in to only squeezing the company's pricy bags.
And that was for those of us that were literary in digital stuff and comfortable with the internet. A lot of people just hadn’t gotten around to using it much yet.
It just wasn’t time yet. And there wasn’t any massive network effect or lock-in to capture like there was with something like a social network.
Being too early is the same thing as being wrong.