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iilluminaughtii

Juicero and Cicret: Scams or Start Up Fails? | Multi Level Mondays

iilluminaughtii

Blair Zoń

Documentary, Education, Business, Society & Culture

4.4961 Ratings

🗓️ 28 March 2022

⏱️ 30 minutes

🧾️ Download transcript

Summary

Go to http://hellofresh.com/mlm16 and use code mlm16 to get 16 free meals plus 3 free gifts. Go to http://mintmobile.com/mlm to cut your wireless bill to $15 a month. Go to http://upstart.com/mlm to find out how Upstart can lower your monthly payments. Welcome to Multi Level Mondays, a weekly series all about multi level marketing, pyramid schemes, and ponzi schemes. Connect With Me: https://linktr.ee/iilluminaughtii This episode was edited and mixed by: G. Thomas Craig Album cover art created by: Betsy Primes Intro Song Credits: Last to Fall- Will Van De Crommert Outro Song Credits: Sacred and Profane- Nicholas Rowe Ad Music Credits: Tango de Manzana by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/4460-tango-de-manzana License: https://filmmusic.io/standard-license Backbay Lounge by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/3408-backbay-lounge License: https://filmmusic.io/standard-license Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

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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