''... look at this trade! Just, like, the sources and uses of cash. Wag was looking to raise $75 million. It went to SoftBank and was like "will you give us $75 million?" SoftBank was like "no haha we'll give you $300 million," because that is SoftBank's whole thing, it loves to give startups vastly more money than they want or need. And so Wag took the money. And then like a year and a half later Wag will get rid of SoftBank by giving back, I don't know, but I am going to say some number less than $225 million ("well below" the valuation at which it invested). Wag got the $75 million it needed for free!...':

Comments: Be the first to add a comment

add a comment | go to forum thread