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A comment on Lifers, Dayjobbers, and the Independently Wealthy: A Letter to a Former Student. Parent comment

Re:Lifers, Dayjobbers, and the Independently Wealthy: A Lett... by Mistletoe on Wednesday July 12, 2023 @03:24PM (#36700329)
But dog walking businesses weren’t getting $1.35 billion dollar valuations before the interest rates were zero for so many years in an unprecedented way.

https://www.geekwire.com/2021/pet-sitting-marketplace-rover-...

Hit max- https://tradingeconomics.com/united-states/interest-rate

[ Parent | on HN ]
Re:Lifers, Dayjobbers, and the Independently Wealthy: A Lett... by ketzo on Wednesday July 12, 2023 @03:42PM (#36700556)
....okay, sure, granted.

But the business model of "I walk other people's dogs when they don't have time to" is not a ZIRP. It's just not.

People might have hired more dogwalkers! Because ZIR might have created more affluent individuals! But that's a couple logical jumps from "dogwalking is a ZIRP"

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Re:Lifers, Dayjobbers, and the Independently Wealthy: A Lett... by 0cf8612b2e1e on Wednesday July 12, 2023 @04:14PM (#36701001)
Yeah, but that could just be SoftBank and its desire to light money on fire. I heard a podcast about a different fund who wanted to invest in a dog walking business, but SoftBank offered a huge multiple on what this group thought the company was worth.
[ Parent | on HN ]