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Similar. It's wild to realize when I was CEO of our startup, we had significantly less name recognition, dramatically less capital raised (by orders of magnitude), a much smaller team.

...and yet apparently significantly more revenue per employee than Bolt. Oh, and we were profitable, infinite runway, good growth, solid unit economics, LTVs we understood.

Imagine!




Many CEOs and even investors care less about profits as long as the valuation is sky high. I think Yahoo was never profitable.


Everybody starts making zero (or negative) dollars.

I have no positive view of Bolt myself, but in a situation like this VCs are putting money on future prospects/growth potential, not the early revenue.

(Doesn't work if the company goes bust though)




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