4.4 • 961 Ratings
🗓️ 28 March 2022
⏱️ 30 minutes
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0:00.0 | Theranos wasn't just a Silicon Valley startup that miserably crashed and burned. |
0:09.0 | It was downright fraud. |
0:10.7 | But what about other tech start-ups? |
0:13.4 | What about that $400 juice machine and the hologram smartphone bracelet that never existed? |
0:19.5 | Were they scams too? |
0:21.2 | Or genuine businesses that had fatal flaws keeping them from making it onto the market. |
0:28.7 | Hello everyone and welcome to Multilevel Mondays. I'm the Illuminati, and today we're going to talk about two tech failures, |
0:35.8 | and how one of them supposedly embodies the overindulgence of Silicon Valley itself. |
0:40.6 | This episode is full of all the juicy details. So let's get into it and start with, no pun intended, oh wow, I didn't plan that. That was great though. But let's start with Jusero and the strange path its founder had taken. |
0:54.0 | Jusero, the best juice ever. |
0:57.0 | What comes out of the Jusero is so fresh that it shouldn't even be called Jusero. |
1:02.0 | Those of you that know of Juice Row probably know it as that $400 |
1:05.8 | $400 machine with packets that you could just easily squeeze by hand. |
1:09.2 | However, this machine managed to get over $100 million in investment. |
1:14.1 | So how? |
1:16.8 | Is there something more to this juicer that we're not seeing? |
1:19.5 | Let's take a deeper look. Now Doug Evans is a co-founder of Juscero, he suffered a great loss in |
1:25.8 | 1994 when his mother died of cancer and soon after his father passed from |
1:29.6 | heart disease. When he was diagnosed with type 2 diabetes not long after he resolved to live a healthier life. |
1:36.0 | A little while later, Evans met Denise Marry who introduced him to veganism. |
1:40.0 | Mari apparently told Evans about cold-pressed juice and the two of them went into business together. |
1:46.0 | Organic Avenue was born in 2002, opening its first street-level shop in 2006. |
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