3 thoughts: 1. 375mm is a huge number. 375mm is also 1/3 of 1% of the fund... so small potatoes. Any numbers they throw around are going to look enormous and make great headlines.
2. If some of the investments don't sound a little crazy to you, then what is their differentiation or thesis? Remember PG's essay about good companies often start off sounding like terrible ideas.
3. Yes, anyone that can raise large amounts of money, well, that may be their core strength. Raising money. They need to pair that with someone that can build a team. It's not a bad thing to be able to raise funds.
Every SoftBank funded company must have an army of reporters looking for weakness. One of the cons of getting money too easily I suppose.
That said, I did not / do not understand Wag, and I have 3 dogs and I pay for dog walkers. Against my will, I'm married, she insists. I'm not totally craZy.