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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

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-grabs-bone-valued-1-3-billion-latest-spac-deal/ https://www.geekwire.com/2021/pet-sitting-marketplace-rover-... Hit max- https://tradingeconomics.com/united-states/interest-rate https://tradingeconomics.com/united-states/interest-rate

ketzo 3y ago
....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"
0cf8612b2e1e 3y ago
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.