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Wag has become something of a punchline in venture capital circles for embodying some of SoftBank’s investment excesses. And the company has reportedly struggled since taking $300 million from SoftBank last year.https://www.vox.com/recode/2019/10/28/20933069/wag-sale-rover-petco-dog-walking-softbank …
The fact that it's a punchline is silly. Someone had a dream and tried to build something great, took risks, and it looks like it will fail...costing millions of dollars, thousands of jobs, and whatever else. How's the funny? Why would anyone make fun of that?
They’re laughing at SoftBank, not Wag. The inventor of wag will do just fine after its sale.
The Wag founders left a while ago an started a scooter company. Concur the punch line is about Softbank - read about article said they went out to raise at $200 mm valuation and SB blew everyone away at $300 mm and double or triple the amount they were seeking.
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