Bemused by all the people with $1000 coffee machines who are in "I-told-you-so" mode over the demise of the $400 juicer.https://twitter.com/verge/status/903686144327639040 …
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Not that I'm particularly keen on either. I wouldn't claim Juicero as a particularly shining example of SV.
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But SV's big benefit is that capital does take risks, and sometimes that looks like trying silly things.
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Viewed that way, Juicero looks like a (failed) symptom of a systemic feature that should be valued.
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What if Juicero is both uninnovative (or innovative only in ways that don't matter) and risky? Then it's just dumb money.
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No, no, no. This wasn't risk taking, it was a complete absence of business logic.
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