4 ms·

I dunno. This seems worthy of a lot more funding than a dog walking app that raised $361 million https://www.crunchbase.com/organization/wag https://www.crunchb

I dunno. This seems worthy of a lot more funding than a dog walking app that raised $361 million https://www.crunchbase.com/organization/wag https://www.crunchbase.com/organization/wag

rlt 6y ago
Fortunately I don’t think the US government invested in Wag. Not surprisingly, the bulk of that was from SoftBank’s Vision Fund: https://asia.nikkei.com/Business/SoftBank2/SoftBank-suffers-another-writedown-after-Wag-stake-sale https://asia.nikkei.com/Business/SoftBank2/SoftBank-suffers-...
adventured 6y ago
Why is it worthy of a lot more than $361 million in initial funding? Your premise is that it'll stop at $75 million in funding. I'd bet against that premise. The US Government has a tendency to start its programs small and expand them considerably over time. Besides, the US simultaneously has several of the world's largest companies pouring resources into quantum computing (Google, IBM, Microsoft, Amazon, Honeywell, Lockheed, Intel, et al.). It's not as though $75 million is the extent of US investment into the space.
DevKoala 6y ago
That's a SoftBank valuation. Those were inflated.