SoftBank bails on $300 million investment in dog-sitting company Wag

The big picture: This is just the latest black eye for SVF, but isn't quite as dark when viewed in the context of traditional VC portfolio management. The Wag investment represents 0.3% of SVF's committed capital.

• Were we talking about a $100 million venture fund, it would be the equivalent of bailing on a $300,000 investment (which happens all the time).
• SVF is anything but "traditional" and arguably is as much a private equity fund as a venture fund, but basic portfolio management rules can still apply.

Go deeper:

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• SoftBank chairman Masa Son admits poor judgment over WeWork