Collapse Files ยท CF-050
SHE SENT THE TERM SHEETS TO ONE HUNDRED AND TWENTY INVESTORS. THE MACHINE REQUIRED FOUR HUNDRED DOLLAR JUICE PACKS. SHE KEPT EVERY SIGNED AGREEMENT.
In February 2016, Pressed Harvest sent out Series C term sheets for a $70 million round, touting proprietary juice packs that cost $8 each. Just over a year later, the company collapsed after a video revealed their juice packs could be squeezed by hand, rendering their technology claims worthless.
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