The disappearance of Bolt Mobility reveals how corrosive depreciation could be for IRL startups – TechCrunch


With the obvious demise of Bolt Mobility, the divide between know-how companies and people which are merely tech-enabled is again on the forefront of our minds. As soon as a key level of debate when the IPO market was alive, right this moment we’re sifting via what’s left of the micromobility sector, now freshly depopulated to a brand new native most.

Not each nice product makes for enterprise. Renting style? Nice thought, beautiful product, enjoyable service. However as Hire the Runway has demonstrated throughout its life as a public firm, making one thing that folks need just isn’t all the time sufficient to cement long-term worth.

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