The death of Juicero, announced on Friday, is the latest case of a San Francisco tech startup collapsing after raising substantial funds under the guise of innovation and disruption, but failing to build a profitable business. Juicero has since become something of a symbol of the absurd Silicon Valley startup industry that raises huge sums of money for solutions to non-problems. Some also criticized Juicero and other food tech firms as male entrepreneurs effectively rebranding what women have done for decades. With the failure of other high profile startups that raised significant funds, some have suggested this year that the tech boom could be fizzling. Evans has not commented on the shutdown, but he most recently posted a video of himself at the Burning Man festival.

Source: The Guardian September 01, 2017 21:22 UTC