The Last Stand: Can Ryan Breslow Save Bolt from Oblivion? Ryan Breslow's determination to save Bolt is admirable, but it's time to face reality.
Despite his impassioned pleas and claims of a turnaround, the startup's prospects remain bleak. As Bolt struggles to raise up to $27 million in bridge funding, its chances of survival are dwindling.
Bolt's valuation has plummeted 97% since early 2022, from an impressive $11 billion to a mere $300 million.