adventurecapitalist@alien.topBtoSmall Business•What's the dumbest business idea you've ever heard?English
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1 year agoI remember their pitch deck claimed that the machine squeezed with the force of two Teslas. I measure most things in terms of Teslas. The fact that the machine had to be connected to the Internet to work so it could tell whether you were using a real or fake juicero pouches was crazy. A lot of big funds got sucked into this including Google Ventures. When it came out that you could just squeeze it with your hand I just had to laugh.
I was working at a venture fund and got a business plan for a Mars based online uranium exchange. The idea was that we were about to colonize Mars and the power supply of choice would obviously be uranium. There was going to be so much uranium traded that people would need an online exchange to help. This “business” would generate revenue by taking a small cut of every transaction.