Technology

The disappearance of Bolt Mobility shows how corrosive depreciation can be for IRL startups – TechCrunch

With the bill After the demise of Bolt Mobility, the gap between tech companies and those that are merely technically capable has come back to the forefront of our minds. Once a major talking point when the IPO market was still alive, today we sift through the remnants of the micro-mobility sector, which is now freshly depopulated and has reached a new local maximum.

Not every great product makes a good deal. Rent fashion? Great idea, nice product, fun service. But as Rent the Runway has shown throughout its existence as a public company, creating something people want isn’t always enough to solidify long-term value.

https://techcrunch.com/2022/08/01/the-disappearance-of-bolt-mobility-shows-how-corrosive-depreciation-can-be-for-irl-startups/ The disappearance of Bolt Mobility shows how corrosive depreciation can be for IRL startups – TechCrunch

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