Week in Review: Pet startups will be the death of Silicon Valley

INSUBCONTINENT EXCLUSIVE:
Hey everyone
tweets here.The big storyJust as Pets.com symbolized the ridiculousness that came to frame the tech industry preceding the Dot-com bubble
far beyond a one-time WeWork mistake.This week, The WSJ reported that SoftBank had tossed in the towel on Wag, selling off its massive
The report states that SoftBank sold its stake back to the startup at a valuation far below its previous $650 million value
handful of startups with dollar signs in their eyes and the desire to grow at a pace that they never dreamed of
When LA-based Wag closed its $300 million raise from SoftBank at the beginning of 2018, plenty of people wondered why on earth a dog-walking
startup needed that kind of money.Shift forward to the end of 2019, and startups that have relied on connecting contractor labor with
they relate to the reputation of its Japanese benefactor, which has significantly reshaped the venture capital market in Silicon Valley and
are a few big news items from big companies, with green links to all the sweet, sweet added context:Apple revamps parental controls on
iOSApple is giving new functionality to its parental control tools for iOS
The new update in iOS 13.3 lets parents set limits over who their kids can talk to and text with during certain hours of the day.Away CEO
style, most people assumed the saga had wrapped
She stepped down this week following what was reported to be board pressure to do so; turns out they had been wanting to replace Korey and
the negative press was the excuse they needed.GAFA GaffesHow did the top tech companies screw up this week? This clearly needs its own
section, in order of badness:Image: Bryce Durbin/TechCrunchExtra CrunchOur premium subscription business had another great week of content
Our good friend Alex Wilhelm (who hired me as an intern four years ago!) is back at TechCrunch and has fired up a new series on Extra Crunch
In the post-WeWork era, some unicorns are starting to look a bit long in the tooth
I suspect that the companies in most danger are those with slim revenues (compared to their valuations), poor revenue quality (compared to
to reach the $100 million annual recurring revenue (ARR) threshold