Bolt Built $11B Payment Business on Inflated Metrics and Eager Investors

Re:Bolt Built $11B Payment Business on Inflated Metrics and ... by ilrwbwrkhv on Tuesday May 10, 2022 @02:32PM (#31330718)

When Mr. Traina hosted a dinner later that year, he sat Mr. Breslow between Mr. Thiel and Reid Hoffman, the co-founder of LinkedIn.

“I was laughing to myself, saying he’ll sink or swim tonight,” Mr. Traina recalled in an interview.

What is really sad is to see this kind of behaviour from investors. Testing a founder just for the fun of it.

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Re:Bolt Built $11B Payment Business on Inflated Metrics and ... by Traster on Tuesday May 10, 2022 @03:34PM (#31331570)

Mr Traina had already invested in the start up and had set up a dinner for Breslow to network with Thiel and Hoffman. Both of those guys are massive VCs that any founder would be massively keen to get connections with. Thiel ended up Angel investing. This wasn't a test, it was a massive gift.

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Re:Bolt Built $11B Payment Business on Inflated Metrics and ... by bnt on Tuesday May 10, 2022 @03:06PM (#31331215)

Most VCs are a-holes, why are you surprised?

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Re:Bolt Built $11B Payment Business on Inflated Metrics and ... by ilrwbwrkhv on Tuesday May 10, 2022 @03:23PM (#31331433)

Not the ones at YC though.

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