Once valued at $459 million, Juicero, the maker of a high-end juicer that initially sold for $700, has shut down. The company launched 16 months ago and had raised roughly $120 million from high-profile VCs including Kleiner Perkins Caufield & Byers, GV and Thrive Capital. But 2017 was not a good year for Juicero. In April, the startup offered refunds for its juicing machine after customers realized squeezing the juice packs by hand had the same effect as using the juicer. Then in July, it announced plans to cut 25% of its staff as part of a "strategic shift" to lower the cost of its core product.