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The disappearance of Bolt Mobility shows how corrosive depreciation can be for IRL startups – londonbusinessblog.com

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With the apparent With the demise of Bolt Mobility, the gap between technology companies and companies that are only technically possible has come to the fore again. Once a key point of discussion when the IPO market was alive, today we’re sifting through what’s left of the micromobility sector, now freshly depopulated to a new local maximum.

Not every great product makes for a great company. Rent fashion? Great idea, nice product, nice service. But as Rent the Runway has demonstrated throughout its existence as a publicly traded company, it’s not always enough to create something people want to create long-term value.

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