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Don't forget they're getting sued by a large customer of theirs too, claiming their solution doesn't deliver what was promised: https://www.pymnts.com/legal/202

• nrmitchi 4y ago
  Oh I didn't, but I (shockingly) didn't think it was relevant here in comparison to the $355M dollars that they recently raised. Even an expensive lawsuit would be unlikely to put a big enough dent in that to materially affect their runway, and it's not like "losing more sales" can make their existing revenue much lower (again, in comparison to a $355M war chest).
• icelancer 4y ago
  Bolt pitched us a ton (we do eight figures of revenue online using a WP-style checkout), we heard them out, did a small demo-type, and I spoke to a bunch of their customers... and we came to similar conclusions. It's overhyped "technology" that has very questionable marketing claims.
  • datavirtue 4y ago
    So, a silicon valley startup?
  • moneywoes 4y ago
    Has your team run into any issues with WP checkout?
    • icelancer 4y ago
      Of course. Everything sucks. But people keep buying stuff and we incrementally improve the experience, so it is what it is. Our marketing team wanted to move everything to Shopify, and then I asked them to do a cost-benefit analysis compared to the 0% we pay with our current setup (plus Stripe fees). When the estimate came back in the hundreds of thousands of dollars more per year, I took the opportunity to lecture them on rent-seeking and middleman evaporation of profits that these software startups/businesses capture silently from organizations who just don't do the math.