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Comments like these are what make people like me to think may be bolt ex CEO has a point. Have you even read the article? ABG as part of lawsuit want 5% of sta

by kumarm 4y ago

Comments like these are what make people like me to think may be bolt ex CEO has a point. Have you even read the article? ABG as part of lawsuit want 5% of stake in business for 30M (valued at 500M currently). Obviously their customer who is suing them want a part of business says something. Also article clearly mentions forever21 uses them.

arbuge 4y ago
> Obviously their customer who is suing them want a part of business says something. It might just say that they want to be able to take that stake and liquidate it now quickly while the private markets still have a high value on it.
- daveed 4y ago
  The "private markets" right now are probably depressed, given that ABG is suing and kind of shitting on them? If they want a position in Bolt I feel like it would be the long view.
nrmitchi 4y ago
I have read the article, and I’m still not sure what your point was. Are you claiming that I’m part of “the mob”? My comment had nothing to do with ABG, or them wanting whatever is in their contract. It was commenting on that fact that I, not apparently the parent commenter, has ever actually seen the Bolt product in the wild. That’s weird for something apparently valued at 250x their ARR. Regarding ABG’s claim to a 5% stake, you can’t comment on what that means without knowing the terms that apply.
- dbingham 4y ago
  You probably have seen it, but didn't realize you were seeing it. It powers the check out flow for many, many independent e-commerce websites. They don't brand it, so if you weren't oaying close attention to the details of the checkout flow ux, you wouldn't notice it. I became aware of it when I noticed that a bunch of online shops I use had exactly the same checkout UI.
  - nrmitchi 4y ago
    Bolts “network” page, which lets you search/shop across all their “network” only has 249 “customers” on it, many of which are absolutely tiny websites selling very niche products with 0 reviews. I’m not sure 249 counts as “many, many”
didibus 4y ago
> Also article clearly mentions forever21 uses them ABG is forever21, they're the one suing bolt.
JumpCrisscross 4y ago
> ABG as part of lawsuit want 5% of stake in business for 30M (valued at 500M currently) ABG claims they have a warrant. Bolt says no. Not sure how any third party can say anything to the veracity of these claims without the contracts. On the facts, it's no more ridiculous than an early employee exercising far in-the-money options.

by kumarm 4y ago

arbuge 4y ago

> Obviously their customer who is suing them want a part of business says something. It might just say that they want to be able to take that stake and liquidate it now quickly while the private markets still have a high value on it.

daveed 4y ago
The "private markets" right now are probably depressed, given that ABG is suing and kind of shitting on them? If they want a position in Bolt I feel like it would be the long view.

nrmitchi 4y ago

I have read the article, and I’m still not sure what your point was. Are you claiming that I’m part of “the mob”? My comment had nothing to do with ABG, or them wanting whatever is in their contract. It was commenting on that fact that I, not apparently the parent commenter, has ever actually seen the Bolt product in the wild. That’s weird for something apparently valued at 250x their ARR. Regarding ABG’s claim to a 5% stake, you can’t comment on what that means without knowing the terms that apply.

dbingham 4y ago
You probably have seen it, but didn't realize you were seeing it. It powers the check out flow for many, many independent e-commerce websites. They don't brand it, so if you weren't oaying close attention to the details of the checkout flow ux, you wouldn't notice it. I became aware of it when I noticed that a bunch of online shops I use had exactly the same checkout UI.
- nrmitchi 4y ago
  Bolts “network” page, which lets you search/shop across all their “network” only has 249 “customers” on it, many of which are absolutely tiny websites selling very niche products with 0 reviews. I’m not sure 249 counts as “many, many”

didibus 4y ago

> Also article clearly mentions forever21 uses them ABG is forever21, they're the one suing bolt.

JumpCrisscross 4y ago

> ABG as part of lawsuit want 5% of stake in business for 30M (valued at 500M currently) ABG claims they have a warrant. Bolt says no. Not sure how any third party can say anything to the veracity of these claims without the contracts. On the facts, it's no more ridiculous than an early employee exercising far in-the-money options.