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Thank you for pointing out my lack of common sense. Should I take this opportunity to point out that pet.com's $435 million is still a paltry sum compared to W
by heymijo 7y ago
Thank you for pointing out my lack of common sense.
Should I take this opportunity to point out that pet.com's $435 million is still a paltry sum compared to WeWork's $14.2 billion in capital, or has that larger point been rendered moot by my lack of common sense?
- perl4ever 7y agoI have no idea if pets.com was actually a good comparison. Maybe there were others that raised far more? Here's an article listing some of the failures from the late 90s: https://www.complex.com/pop-culture/2012/06/stock-crash-the-10-biggest-10-tech-ipo-fails/shanda-games https://www.complex.com/pop-culture/2012/06/stock-crash-the-... Looks like eToys was close to $8B valuation around the time of its IPO. Although that doesn't mean they raised anywhere near that. https://www.wsj.com/articles/SB927219879724795777 https://www.wsj.com/articles/SB927219879724795777 So, WeWork may have gotten 100x more investment, but its valuation is more like double or less.