What went wrong at Wag ?
https://www.cnn.com/2019/09/27/tech/wag-dog-walking-softbank/index.html
Softbank established the largest fund and invested 0.3% of their fund to wag.com, thinking that more 💰 = success or they would at least beat/surpass any competition with acquiring better talent.
One question is there something i am missing with this startup, do they provide pet care clinics also.
Softbank CEO needs to be fired. Needs to be held accountable for investing in ridiculous business ideas.
What went wrong? The tail wagged the dog.
I interviewed at Wag in their West Hollywood offices and this article was spot on, so much stuff was noticeable when speaking with members of their staff and the entire process. Very glad I took another offer and told them to withdraw me
An investor I highly respect once joked with me that raising too much money can kill a startup. Saw a few examples of this as it became easier to raise. I have no insider knowledge of this company but it feels like this was at least a contributing factor.
SoftBank again XD
Dot com had many firms like this