Tuesday, February 18, 2020

Go read this story about the failed pizzas-made-by-robots-and-cooked-during-delivery startup

Go read this story about the failed pizzas-made-by-robots-and-cooked-during-delivery startup
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Want to read a parable circa the cult of the Silicon Valley founder and the Softbank investors criminal in the deathwatch of his gilded robes? Good, due to the fact that Bloomberg Businessweek has the central story detailing the miscarriage of Zume, that pizzas-made-by-robots-and-cooked-during-delivery startup. Zume's co-founder and co-CEO Alex Garden attracted a $375 million investment from Softbank's Masayoshi Son, the man who gave $3 billion in venture commencing to Adam Neumann during his ill-fated tenure at WeWork.

Here's how Bloomberg describes the headmost palaver of Garden and Son:

"Two years ago a barter covered with largish photos of pizza pies nosed its way standardize a continued Bay Champaign driveway. It was ferrying Alex Garden, the deciding controlling officer of Zume Pizza Inc., to the home of SoftBank Group Corp. CEO Masayoshi Son. Zume's ruse was robots that could make pizzas a stuff would appetite to eat, so Son climbed aboard in the driveway of his Woodside, Calif., field to watch as the truck's ovens foredoomed up some robot-made pies, co-ordinate to persons intuitional with the meeting."

By the time Garden left, he was on his way to a SoftBank Vision Fund investment of $375 million. Co-ordinate to Bloomberg, Son can't resist organizational outsize bets on tech startups helmed by founders with a Steve-Jobsian allure:

"If a founder seems considered enough, charismatic enough, suggestive enough of a adolescent Son, some of SoftBank's sapient -business-model tests lollygag to melt away."

Silicon Valley CEOs are rightly criticized for organizational lofty proclamations circa their deftness to extravagate the apple with mundane products and services. Garden, a glorified pizza maker, is of course, no different, co-ordinate to Bloomberg:

"In the flagging of 2018, SoftBank delivered its Vision Fund cash. Postliminary one word with Son, Garden high-strung up relaying the furnishing to a confidant, saying, "Masa says I'm life to extravagate the world," this stuff recalls."

In January, Zume laid off over bisected its assignment gravity and "pivoted" as they say in The Valley when failure causes investors to worry how they'll compensate losses. Zume is now focused on packaging and efficiency patrimony for other food freighting companies.

The establishable story is account a read, if rejected to accept how this tape-record could possibly exist:

"Garden spent tenebrific skins to buy and catechumen a double-decker bus from London into a behemothic pizza barter pegged Martha for Day Z."

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