Juicero
Defunct maker of a $400 Wi-Fi juicer that squeezed proprietary produce packs
Company publicly shut down / ceased operations
Juicero closed in September 2017 after its $400 machine was shown to add little over hand-squeezing its own juice packs.
Juicero sold a $400 juicer with internet connection that squeezed juice from special packets. The company had no real advantage because customers could squeeze the packets by hand just as well, which a news organization proved publicly in 2017. The business burned through millions of dollars monthly without making meaningful sales, cut its price sharply, and eventually closed; there is nothing left to watch except its place in business school lessons about failed companies.
- 2017-10-16Court denies Juicero's preliminary injunction against iTaste Co. in patent suit
- 2017-09-01Juicero publicly shuts down, per Axios
- 2017-08-31Board votes to suspend sales and pursue sale of business or IP
- 2017-04-19Bloomberg reveals produce packs can be hand-squeezed for same juice yield
- 2017-01-01Juicero cuts device price from $699 to $399 amid slow sales
- 2016-03-31Series B closes at $70M, valuing Juicero at $270M post-money
- 2016-03-01Juicero Press launches at $699
- 2013-01-01Doug Evans founds Juicero in San Francisco
This page is a post-mortem, not a live assessment, and it carries no band. The blind-test result is the only part made without knowledge of the outcome.