The disappearance of Bolt Mobility exhibits how corrosive depreciation will be for IRL startups – TechCrunch

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The disappearance of Bolt Mobility exhibits how corrosive depreciation will be for IRL startups – TechCrunch

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With the obvious demise of Bolt Mobility, the divide between expertise companies and people which are merely tech-enabled is again on the forefront of our minds. As soon as a key level of dialogue when the IPO market was alive, right this moment we’re sifting by way of what’s left of the micromobility sector, now freshly depopulated to a brand new native most.
Not each nice product makes for a great enterprise. Renting style? Nice concept, beautiful product, enjoyable service. However as Lease the Runway has demonstrated throughout its life as a public firm, making one thing that folks need isn’t at all times sufficient to cement long-term worth.

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