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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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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Seems like a market is there for fresh juice delivered, just maybe not the one the VCs initially hoped for.
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It's the same heuristic problem as people labelling as "frivolous waste" funding for science research that doesn't yield exciting results
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As
@pmarca would maybe say: "Silicon Valley isn't taking any risks, no innovation!", "Silicon Valley taking such dumb risks, no discipline!"Thanks. Twitter will use this to make your timeline better. UndoUndo
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Can this be phrased as a 'reducing variance at cost of reducing mean' in some sort of innovation returns metric?
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