Own The Dogeの‌価格DOG

RT @Relentless_btc: Just seen a shooting star💫 You know my wish $DOG 🐕🚀🌕

Wag is a perfect cautionary tale of raising too much money. They had a direct competitor in Rover that never raised a mega-round… and ended up getting acquired for $2.3 billion. Wag raised $300 million from SoftBank in 2018, back when SoftBank was firehosing cash into every “Uber for X” startup: Getaround, Alto, Reef Kitchens, Zume Pizza, Tier, Wag, DoorDash, Ola, Grab, Didi, Convoy. It did not end well for the majority of them, and is absolutely wild to think how much money was lit on fire there. When you raise that much money, you can skip the hard part: finding product-market fit. You just scale whatever you’ve got, whether or not it works. Dog walking was probably never a good standalone business. It's low margin, highly recurring, and has little lock-in. My friends that used Wag all went off-platform and venmo'd their walker directly. Rover focused on overnight boarding and house-sitting. Bigger bookings, higher margins, and more need for platform protections like insurance and support... a wayyyy better business model I feel like that $300M check fairly early in the companies life let them paper over bad retention, high CAC, and leakage with an insane amount of marketing spend.... but ultimately Softbank wasn't there for another round, they went public via SPAC and never made any profits... the music stopped and they were left with a shitty business. Meanwhile, Rover raised gradually and had time to test, iterate, and find what worked before pouring gas on it. IMO slow money made them better. They discontinued on-demand dog walking shortly after they started it because it had poor unit economics... If Wag hadn’t raised $300 million, they might’ve figured that out too? Pour one out for Wag.

DOG•GO•TO•THE•MOON : 2.84 sats BILLION•DOLLAR•CAT : 12.09 sats RSIC•GENESIS•RUNE : 0.35 sats WANKO•MANKO•RUNES : 1.80 sats GIZMO•IMAGINARY•KITTEN : 7.31 sats PUPS•WORLD•PEACE : 27.81 sats LOBO•THE•WOLF•PUP : 0.30 sats ZBIT•BLUE•BITCOIN : 53.98 sats 11/12

RT @kendogbitcoin: I feel like I don’t have enough $DOG

RT @0xBitcoin0x: $DOG art is awesome