I almost wholeheartedly agree Zack. I would add a caveat that you'd want to see optimistic bets in things that most would say won't work, but if they DO work they'd have outsized impact. I could be wrong, but can't imagine cold pressed juice changing much
This is why it makes me so happy to see terrible startup ideas get plenty of funding. Without frequent evidence of overoptimistic bets, it is nearly guaranteed that many viable ideas are going unfunded. Juicero made me unbelievably excited for our future.https://twitter.com/jasoncrawford/status/1183833891209019392 …
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I mostly agree, but genuine question: What was the upside scenario for Juicero? Fund startups that are terrible ideas because the problem is too hard, not because the problem is irrelevant.
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You’re assuming someone would be able to 100% accurately judge “problem is irrelevant” before a product even exists.
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