Juicero raised around $120 million from some of the smartest names in venture capital. Its product: a $400 Wi-Fi-connected juice press that squeezed proprietary produce packs. In April 2017, Bloomberg reporters showed you could squeeze those same packs by hand in about the same time. By September 2017, Juicero was gone. It’s the ultimate reminder that funding is a bet on returns — not proof of them.
The Math
ROI is brutally simple: (gain − cost) ÷ cost. For Juicero to return the $120m poured into it, the business needed a long, healthy stream of high-margin pack sales — from customers who’d first spent $400 on a machine to do a job two hands do for free. Once the core value proposition evaporated, so did any realistic path to a return.
The return that never materialised (illustrative)
The point isn’t ‘hardware is hard’ (though it is). It’s that a big round is an input — a bet on a future return — not an outcome. ROI is a verdict the market delivers later, and no amount of early funding can overrule it. Juicero attracted a fortune and still returned nothing, because the underlying numbers never had a way to close.
The Nuance
Investors back stories; ROI is measured in outcomes. Plenty of clever people backed Juicero — that told you about the strength of the pitch, not the strength of the returns. The only honest ROI is one you can defend with a realistic path back to cash: who pays, how often, at what margin, and why they can’t simply do it themselves.Does the Investment Actually Pay Off?
Enter what you put in and what you expect to get back to see your ROI and annualised return — before you commit the cash. Free, private, no sign-up.
Check your ROI →💬 Your turn
A — I run the ROI before I spend.
B — I mostly go on conviction.
Drop A or B — and what’s the most baffling product you’ve ever seen raise real money?
- Silicon Valley’s infamous $400 juicer startup is shutting down — Forbes
- Startup behind ridiculed $400 juicer shuts down — CNN
- Say goodbye to Juicero, maker of the $400 juicer — Washington Post
— Maya, who owns two perfectly good hands and has therefore never needed a $400 juicer.