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425 Some Bolt Investors Balk at Founder’s Costly Attempt to Return as CEO

The Information
Erin Woo @ The Information 3 place · 08/20/2024 19:09 EDT

Some Bolt Investors Balk at Founder’s Costly Attempt to Return as CEO

Ryan Breslow’s proposed return as CEO of Bolt, a commerce software firm that became one of the biggest symbols of investor overexuberance during the pandemic-fueled tech boom, would carry a high cost for existing investors.

The deal proposed by Breslow and the company’s current CEO also would reward Breslow with lots of cash for himself and other ventures he started or got involved with after leaving Bolt two years ago. For instance, Breslow would receive a $2 million bonus for returning as CEO, plus an ad

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