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A comment on Bolt announces layoffs. Parent comment

Re:Bolt announces layoffs by mrcwinn on Wednesday May 25, 2022 @11:10PM (#31513954)
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!

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Re:Bolt announces layoffs by DeathArrow on Thursday May 26, 2022 @01:56AM (#31515131)
Many CEOs and even investors care less about profits as long as the valuation is sky high. I think Yahoo was never profitable.
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Re:Bolt announces layoffs by whatever_dude on Thursday May 26, 2022 @12:01AM (#31514343)
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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