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A comment on Dog-walking startup Wag raised $300M, then things got messy. Parent comment

Re:Dog-walking startup Wag raised $300M, then things got messy by CalChris on Friday September 27, 2019 @09:22PM (#21097736)
$100B is not that much money. (Note to self: you just said $100B isn't that much money. Get head examined.) Bezos can aggressively handle it. Gates aggressively can handle it. Buffett can aggressively it. What is so special about the Vision Fund that it wants to put its money in the likes of Uber and WeWork? I would think knowledgable VCs would do their due diligence and avoid these companies.

Investing into Uber at $47B isn't vision.

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Re:Dog-walking startup Wag raised $300M, then things got messy by petra on Friday September 27, 2019 @10:02PM (#21097897)
Buffet is sitting on $120B of cash: https://www.inc.com/jason-aten/warren-buffett-has-a-122-bill...

Bezos isn't a VC, he owns the greatest demand engine the world has ever known, and that matters when spending money.

And Gates ? he deals, smartly, with much lower sums. His energy VC is for example, has $1B.

It's not so easy spending $40B-$50B in 3 years, like the vision fund did.

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Re:Dog-walking startup Wag raised $300M, then things got messy by lazyjones on Friday September 27, 2019 @10:56PM (#21098117)
> It's not so easy spending $40B-$50B in 3 years, like the vision fund did.

It is if you buy a few healthy companies instead of gambling in the early stage startup market.

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Re:Dog-walking startup Wag raised $300M, then things got messy by CalChris on Friday September 27, 2019 @10:55PM (#21098115)
Bezos was a seed investor in Google in 1998. Bezos Expeditions is a massive family foundation fund.
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Re:Dog-walking startup Wag raised $300M, then things got messy by fragmede on Friday September 27, 2019 @09:55PM (#21097862)
You're right, it isn't vision. Valuations are largely bullshit, so "at $47B" is finance trickery.
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Re:Dog-walking startup Wag raised $300M, then things got messy by Kiro on Saturday September 28, 2019 @10:25AM (#21100438)
Or maybe they did their due diligence and everyone else is wrong. We're talking like the companies have already collapsed while it could be the best investment ever.
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