One-click checkout tech company Bolt is still waiting to find out if shareholders will sign off on a proposed funding round with stipulations that founder Ryan Breslow would return as CEO. In the meantime, Axios’s Dan Primack did some digging around on The London Fund, a firm that is supposed to provide up to $ 250 million in “marketing […]
The fallout after Bolt’s aggressive fundraising attempt has been wild
This past week was a wild one in the world of fintech as Bolt surprised the industry with a leaked term sheet that revealed it is trying to raise $ 200 million in equity and an unusual, additional $ 250 million in “marketing credits.” As part of this deal, Bolt wanted a $ 14 billion […]
Bolt’s Breslow faces uphill battle with proposed cramdown
Update: We spoke with Ashesh Shah, the founder and CEO of the fund leading Bolt’s proposed $ 450 million raise for some much-needed additional detail on the deal. Read the full interview here. Bolt’s aggressive ultimatum to its existing shareholders — in which it told them to buy many more shares at higher prices or […]
VC leading Bolt’s hoped-for $450M deal confirms he’s offering ‘marketing credits’
Ashesh Shah, the founder and CEO of The London Fund is, as you might imagine, bullish on Bolt. The London Fund is a U.K. venture firm with “over $ 1 billion in cash and assets” in AUM that is leading a proposed $ 450 million raise for Bolt, a one-click checkout startup that has been […]
Why did John Calipari leave Kentucky? Title-winning coach bolts for SEC rival Arkansas in stunner
Just weeks after a stunning NCAA Tournament loss to Oakland, John Calipari’s time at Kentucky is ending — just not the way many believed it would. Calipari is finalizing a deal to become the next head coach at Arkansas, according to ESPN, shockingly bolting from Lexington for an SEC rival. The Razorbacks lost coach Eric Musselman […]