How to blow $120 MILLION DOLLARS in one year!

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okay sometimes a trainwreck is just a thing of beauty in this case a hundred and twenty million dollars after a wreck bu t puting idiots do other idiots out of millions of dollars and then just watching the Burnett in pointless projects he's beguiling to watch for instance font esteemed soulfully water bottle which after about a third of a million dollars turn out not to be a soulfully water bottle at all but a Peltier effect dehumidifier something that's been around for decades or the waters here which was gonna provide free water for for all the poor people in in desert areas around the world and guess what after a third of a million dollars it's now a Peltier effect dehumidifier heat a kid you not-there not selling for $130 anymore but almost a thousand dollars yep it does almost nothing of what it originally claimed it would do and cost over five times the price more on that in an upcoming video if you think this retarded idea of getting water from thin air is finished you hope in vain the BBC just ran this article on how getting water from thin air is the future well maybe it's called rain all solar roadways whose first installation cost about half a million dollars and I kid you not now generate about two cents of electricity per day or the Triton Gil which raised about a million dollars even though it was complete bullshit and it got pull or need to be replaced a few years later by the almost equally useless skorca which raised over a million Australian dollars maybe I should pass that one too along with some of these and I kid you not these are real the air conditioning watch which raised over two million Hong Kong dollars or the self-winding watch which raised over one and a half million dollars yeah with all this it's hardly surprising that America elected a used car salesman for president but this one just kind of takes the biscuit in terms of scale it's almost but not quite as stupid as spending a hundred and fifty million dollars to build her Noah's Ark shaped creationist museum complete with dinosaurs because of course kids we all know that never took dinosaurs onto the ark right and we're very happy to welcome Doug Evans the founder of juice arrow to the to embarrass ass show Doug thank you so much for joining us that's my pleasure I love you guys loved the idea other people asked why might I want to spend $700 on a Wi-Fi connected juicer well this idea pulled in a whopping a hundred and twenty million dollars of funding from Silicon Valley how much money did you raise we raised north of one hundred and twenty million dollar loan from kleiner perkins Google Ventures Campbell Soup thrive capital farda's ventures yeah the great idea of essentially doing producers what capsule coffee did for coffee except it wasn't the whole thing was based on the idea that each idiots would pay $700 for a Wi-Fi equipped giant juice machine in their kitchen and it seemed it's a big device the juice era is a big device but you need that for the per the power of the pressing correct yeah well ten inches is I mean it's the same size of which fine I'm sure that it would but then they would have to order juice from the same company which would be about five to ten dollars per pop and then each of those packs costs what how much five six and seven dollars each so it's releasing co2 and it's consuming oxygen so it has a six day shelf life in the home so it's a perfectly balanced item that lasts for six days in the home you can't freeze it or anything else no if you freeze it you end up compromising the cellular structure and if you didn't use the juice within a week or so the machine would just refuse to press the juice meaning you have to throw the stuff away how did the Machine ensure that you would have to throw the stuff away well each pack had a QR code on it and the machine $4,700 had a QR code reader and then connected to the internet and if your juice wasn't the right brand or was expired it just wouldn't work at all I knew when it was expiring so whence the pack goes in there it won't press an expired pack okay so that's key sort of planned hyper obsolescence and you could only get these juice packs from juice arrow via mail order impact of five at a time but this also meant that they couldn't ship their juice very far because otherwise it would expire before it got there oh and by the way if your Internet's down don't plan on making juice because it is not happening and maybe you might expect the genius behind this compared himself to Steve Jobs and I said I'm going to do what Steve did I'm gonna take the mainframe computer and create a personal computer I'm gonna take a mainframe juice press and I'm gonna create a personal juice press being these Steve the Steve yeah yeah which you know I I worked with Steve on the next corporate identity and not only that this guy's a philanthropist he he wants to have a juice arrow cafes set up where people below the poverty line can spend up to ten dollars a day to get a fresh fruit juice just to show how in touch his with people below the poverty line of a row of juice arrow machines the customer where fifty percent the population is below the poverty line and Silverlake they can buy the pack and go press their own juice they don't even need to buy the machine and if someone is if you drink juice every day and you're spending $10 a day it's a bargain yeah nah it's not ten dollars day would be three-and-a-half thousand dollars per year even funnier claim the machine produced about four tons of pressure we the latches that would hold up to eight tons of force there's latches that support sixteen thousand pounds of force so this is a basically a monster of a machine only to have Bloomberg showed that you could get the juice out of the bags quicker and with the same quality by just squeezing it with your hands I have to say I'm surprised I thought it was just juice in a bag and you just squeezed into your glass yes for some reason I just thought that yeah you wouldn't need a $699 device to do pressure that you're paying for our founder Doug is straight-up made of juice literally there's juice in my basket all right you probably know these ten people that bought it I probably do but I have 10 people who are really stupid too but I mean it's a lot of money yeah bloody hippies tell them it'll make him healthy and they'll pay anything and I thought like what can I do that can have the greatest impact on on humanity on human health we would create a business called organic Avenue where you could go in and everything was going to be made out of fresh ripe raw organic fruits and vegetable because you were quoted as saying in a previous article not all juices equal how do you measure lifeforce how do you measure Chee we had a follow-up question from at neaten Gupta - who asks yes how much Chee does it contain for serving you know people will tend to you know make jokes about things for me I'm serious as a heart attack so when I described Chee and life force me I was on a cheap house McDonald's diet not exactly gourmet or anything but I a junk food for about a month and came back much fitter and healthier as well as a few kilos lighter which might have something to do with climbing big-ass mountains every other day go to the Mayo Clinic I mean the very top of the page it says juicing is not any healthier than eating whole fruits and vegetables are not saying you're claiming it's any healthier but anyway long story short juice arrow just over a year after launch and some hundred and twenty billion dollars of investment says that it's shutting down and this part of me that secretly rejoices at this stuff alright I wasn't the one to bust this how when you claim your press produces four tons of force who need to be outperformed by someone squeeze the back man that's juicy and while we're on the subject of people just throwing money at things and hoping this will somehow make a really stupid idea possible Hyperloop one has now pulled in almost two hundred and fifty million dollars dwarfing Elon Musk's made ten million dollar track these has got to be one of the biggest money burning parties in history I mean sister put this into perspective Elon Musk's a dirt cheap subscale test track was about ten million dollars for one kilometre meaning that 250 million dollars would merely by you about 25 kilometers of subscale test track Oh develop to to series your choice also I can tell you because I've actually been out to that test track that they've built it in the absolute middle of nowhere with their offices and a road or one end of the track so they can't extend it that way and mountains at the other end so there's no chance that they can extend this kilometer or so long test track in an event where would you extend it to it's in the middle of the desert in the middle of nowhere trust me I've been there as you can see there is a murderous bustle of activity this huge facility that will undoubtably be the future of Transport for the entire planet that can only go not as far as it's quite funny actually so this is just the access road focus is that the access road just for the power line and that is the entire Hyperloop well a hybrid one anyway interestingly Richard Branson another billionaire was really impressed with this and bought a large share in Hyperloop want to make it Virgin Hyperloop how in virgin and has gone into the Hyperloop business and we've invested in the company that is in the lead as far as developing Hyperloop which will now be called virgin Hyperloop it'll be a train that goes into a tunnel that levitates on magnetic levitation and will travel at speeds of over 600 miles an hour I was completely blown away I mean I think I you know it's just it's strange just going out into the Las Vegas desert and seeing this enormous tunnel running running across the desert and that is the entire Hyperloop well a hybrid one anyway which is especially funny when you watch the videos of their acquisition it looks like they really don't have a good idea of what they've bought think about broadband at the heart of it is a network that has digital packets that go very fast three types of packets data voice and video think about Hyperloop at the heart of it is a network with three types of physical packets packets of people packets of freight packets of car that can all go on a very Feist fast pipe or conic connection that can go first mile to last mile in an autonomous way we believe it's the emergence of physical broadband it's an empty shell and yes the empty shell is a great metaphor for what it is that's why you never see inside this capsule and all it does is go up and down a kilometer long track in the desert like I was saying this is just one of the biggest money burning parties in history many things to all those who support this at times soul destroying work and if you like media like this and want to support it you'll find the links to patreon they [Music]

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Channel: Thunderf00t

Views: 894,097

Rating: 4.5968304 out of 5

Keywords: juicero, fail, kickstarter, startup, silicon, valley, 120, million, dollar, juicer, fontus, water, air, conditioning, watch, scam, hand, vegetables, fruit, health, food, mcdonalds, diet, busted, fun, funny, blown, blow, burn

Id: zpmd7renbxI

Channel Id: undefined

Length: 13min 17sec (797 seconds)

Published: Tue Oct 17 2017

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