Re:Dog-walking startup Wag raised $300M, then things got messy
by goatinaboat on Saturday September 28, 2019 @03:18AM
(#21098954)
Poor Saudis.
They should invest in nanotechnology, and make the world’s smallest violin.
Re:Dog-walking startup Wag raised $300M, then things got messy
by usecontainers on Saturday September 28, 2019 @08:30AM
(#21099972)
>> Someone whose core business is losing money
What, oil? Go look up the average barrel cost for Saudi oil (hint: it's less than 2 lattes). Demand needs to drop to essentially zero before renewables are competitive with their oil. They are not losing money.
Re:Dog-walking startup Wag raised $300M, then things got messy
by jakoblorz on Saturday September 28, 2019 @03:56AM
(#21099070)
> This is a typical guy who feels pressure so he buys at the top and puts his money based on recommendation of others in a business that is going to be next big thing
Well that is how the current VC market works - sadly
Someone whose core business is losing money is trying to recoup them in an area that they have no clue about.
This is a typical guy who feels pressure so he buys at the top and puts his money based on recommendation of others in a business that is going to be next big thing. A typical sucker in other words who will end up penniless.
Poor Saudis.