Juicero was not created to head-fake people with a grudge against Silicon Valley into outing themselves, but it worked that way in practice.
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Fair enough. But we also need to own that the B.S. vs hard facts ratio here is often too high. Theranos didn't help
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It's high, but it's hard to say for sure if it's too high.
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Founders' ambitions and crazy-ideas-that-aren't are hard to distinguish from BS. So some amount of credulity is optimal.
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Consider the effects of overconfidence. On average, any given founder still loses, those with a portfolio of overconfident founders win
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I know VCs tend favor kill-or-cure strategies, and often warn founders about it.
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The reason is more sinister than just the portfolio effect though. There's also the opportunity cost of the board seat.
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The phenomenon is not as bad as it used to be though. And founders benefit from portfolio effect too, because they can start multiple cos.
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To be clear, I didn't really view
@slatestarcodex as saying juicero was typical of SV... -
Good heavens no; he's saying the opposite.
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Okay cool just wanted to make sure I wasn't misreading your tweet or Scott's article
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Occasional, absurd Juicero-esque startups are a by-product of pushing limits. Without them, tech/venture wouldn't be trying hard enough.
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The juicero guy seems genuinely passionate about his mission and product. I say let him pursue his vision.
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But that doesn't get eyeballs. A good roast on behalf of the elite makes for good journalism these days.
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They got ganked by that, Therantos, and God knows what else. SV is a disgraceful nest of egomaniacal greed who believes it's own PR.
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We are either at an innovation impasse or SV has a shortage of good storytellers - right now. Obvious for all to see. Juicero not the point.
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Why do you think it's not typical?
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criticize the specific bad thing but don't typecast a whole group of things. Seems like good behavior to live by in general.
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The thought process that lead to Juicero is absolutely typical of SV. More often manifests as good companies not getting investment.
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good pts
@slatestarcodex but dont forget@Theranos has altruistic/soaring rhetoric too and clings to cringe-worthy PR even as walls collapseThanks. Twitter will use this to make your timeline better. UndoUndo
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Which do you think is the nr. 1 question to let out there regarding Juciero case?
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