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Dog-walking startup Wag raised $300M, then things got messy

cnn.com

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Re: Dog-walking startup Wag raised $300M, then things got messy

#3

Post by mbesto »

Hot take - when it's all said and done (e.g. when the whole fund gets returned) the vision fund is going to devalue more companies than it is going to value them. If they're charging a management fee then they'll still make money but their LPs aint gonna be happy in the long term.

Re: Dog-walking startup Wag raised $300M, then things got messy

#6

Post by eledumb »

nosleeptill wrote: post #2

This is fucking insane. $300M for a dog walking company, a dog walking company. A dog walking company. A fucking dog walking company.

I work for a Healthcare startup and we are actually delivering health care and value to patients, care providers and insurers, and we are scrutinized 50 ways from Sunday in order to get table scraps, because most of them don't think we have a real business. But dog walking seems like the next market defining breakout.

Re: Dog-walking startup Wag raised $300M, then things got messy

#7

Post by lawrenceyan »

You’ve got to applaud Masayoshi Son for his tenacity at the very least. Lived through the Dot Com Crash, caused the next one 20 years later.

That’s a big achievement in my book. How many people can really say they’ve been able to do something like that?

[Edit] I should probably add a caveat that Masayoshi Son isn’t the dumb one here. No, he’s actually quite the genius, managing to convince Saudia Arabia to basically give him $45 billion and then spinning that all the way into $100 billion with the Vision Fund. I’m genuinely giving praise to the man here. He saw an opportunity and took advantage of it.

Re: Dog-walking startup Wag raised $300M, then things got messy

#8

Post by mynameishere »

freedomben wrote: post #5

Be aware: audio will start playing out of your speakers if they are on.

Welcome to the internet. Every single website has auto-playing video now.

Firefox has an option to turn it off. I think it's the only browser with that.

Re: Dog-walking startup Wag raised $300M, then things got messy

#10

Post by quaquaqua1 »

lawrenceyan wrote: post #7

You’ve got to applaud Masayoshi Son for his tenacity at the very least. Lived through the Dot Com Crash, caused the next one 20 years later. That’s a big achievement in my book. How many people can really say they’ve been able to do something like that? [Edit] I should probably add a caveat that Masayoshi Son isn’t the dumb one here. No, he’s actually quite the genius, managing to convince Saudia Arabia to basically…

Serial market crasher, see you in 2040 for when I finally end up on the correct side of the market and can turn my stock into cash and my cash in yachts.
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