🚨Big announcement today: Bolt raises $393M.
Wow.
A couple years ago, I didn’t know if we were going to make it.
Now we have $500M+ on the balance sheet.
I wanted to share a bit more about where we've been, but more importantly where we're going 👇👇👇
Wow.
A couple years ago, I didn’t know if we were going to make it.
Now we have $500M+ on the balance sheet.
I wanted to share a bit more about where we've been, but more importantly where we're going 👇👇👇
To put this fundraise into context, our valuation has gone up 18x in the last 18 months.
This wasn’t an accident, but it also wasn’t a given.
There were 4 big pillars that allowed us to hit this milestone and set up our foundation for future growth from here:
This wasn’t an accident, but it also wasn’t a given.
There were 4 big pillars that allowed us to hit this milestone and set up our foundation for future growth from here:
Pillar 1: A relentless focus on culture.
At Bolt we pioneered the Conscious Culture movement.
The equation is simple:
Potential = Execution + Humanity.
Implementation of this equation is anything but simple.
We work on this every day at Bolt.
At Bolt we pioneered the Conscious Culture movement.
The equation is simple:
Potential = Execution + Humanity.
Implementation of this equation is anything but simple.
We work on this every day at Bolt.
Pillar 2: Accelerating our network effects
We have seen 10x growth in our shopper network - from 1M shoppers to 10M today 🤯
We've now hit an inflection point in the business.
Every decision we make orients around how we can accelerate and amplify our network effects.
We have seen 10x growth in our shopper network - from 1M shoppers to 10M today 🤯
We've now hit an inflection point in the business.
Every decision we make orients around how we can accelerate and amplify our network effects.
Pillar 3: Changing the Way We Work
Bolt became the first tech unicorn to take a radical new approach to work.
We introduced the 4 day work week.
Recognizing and harnessing wellness has been a secret weapon.
Read more about how we work below👇
Bolt became the first tech unicorn to take a radical new approach to work.
We introduced the 4 day work week.
Recognizing and harnessing wellness has been a secret weapon.
Read more about how we work below👇
https://twitter.com/ryantakesoff/status/1440843960776228865
Pillar 4: Conscious Selling
As we grew, new business models and features started to write themselves.
We had to take a step back and understand how all these components tied together.
Our new approach to partnerships has set the business on fire.
As we grew, new business models and features started to write themselves.
We had to take a step back and understand how all these components tied together.
Our new approach to partnerships has set the business on fire.
https://twitter.com/ryantakesoff/status/1441892475627581440
Ok, now to the future. I'm most excited about 3 things:
1. Taking checkout to a whole new level
2. Expanding internationally with a hyper local approach
3. Building a dream shopper experience.
Let's dig into all 3.
1. Taking checkout to a whole new level
2. Expanding internationally with a hyper local approach
3. Building a dream shopper experience.
Let's dig into all 3.
Focus Area 1: Taking checkout to a whole new level
We have barely scratched the surface of what’s possible with commerce.
When you unite a network of shoppers, merchants, and platforms, the possibilities are endless.
We're changing how people interact with the internet.
We have barely scratched the surface of what’s possible with commerce.
When you unite a network of shoppers, merchants, and platforms, the possibilities are endless.
We're changing how people interact with the internet.
Focus Area 2: Expanding internationally
The problem with most ecom solutions is they're a plug and play of what's here in the US.
We're taking a different approach: hyperlocalization.
Our experience will allow merchants to scale with customization.
No pegs in round holes.
The problem with most ecom solutions is they're a plug and play of what's here in the US.
We're taking a different approach: hyperlocalization.
Our experience will allow merchants to scale with customization.
No pegs in round holes.
Focus Area 3: Building the dream shopping experience
There's no single unified platform to supercharge shopping across the internet.
It's never JUST been about "one click checkout" for us.
It's been about how to build the most robust shopping app.
That's the gold mine.
There's no single unified platform to supercharge shopping across the internet.
It's never JUST been about "one click checkout" for us.
It's been about how to build the most robust shopping app.
That's the gold mine.
Hats off to our team.
Working with the Bolt team each and every day is a dream come true.
None of this would be remotely possible without them.
It's amazing to me how far we've come in 5 years.
It's humbling to think of how small that will all seem in the next 5 years.
Working with the Bolt team each and every day is a dream come true.
None of this would be remotely possible without them.
It's amazing to me how far we've come in 5 years.
It's humbling to think of how small that will all seem in the next 5 years.
Too often lessons building these companies are met with rosy filters.
I'm committed to sharing the ups and (more importantly) the downs of the startup journey.
If that sounds interesting to you, give me a follow @ryantakesoff.
Let’s take off together! 🚀
I'm committed to sharing the ups and (more importantly) the downs of the startup journey.
If that sounds interesting to you, give me a follow @ryantakesoff.
Let’s take off together! 🚀
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