Joined March 2012
379 Photos and videos
Bolt retweeted
Bolt has hit a major financial milestone. For the first time since inception, Bolt has achieved profitability. Last month, Bolt’s gross profits hit an all-time high while OPEX reached a record low. Bolt has been doubling down on decisions that emphasize long-term profitability and market share capture. We have been investing heavily in our checkout, payments, and 1-click platform, which allow us to compete with $100b incumbents and win deals on a consistent basis. We are winning deals on cost, conversion, and customer support. We’ve also launched over 20 new product lines that have expanded our portfolio of fee capture, increased stickiness with customers, and improved customer satisfaction. We have not been afraid to make the hard strategic decisions on reorganizing our teams. For instance, we have eliminated our Account Management and Implementation Management teams entirely. Now, sales reps manage customer relationships from beginning to end, and their only counterparts are highly technical engineers. No other non-technical middlemen. Our customers say the attention they’ve received is 10x what it has been historically, and the team has never felt more empowered and motivated. These tough decisions have allowed us to cut OPEX considerably while driving record levels of revenue. Our integrations queue is currently filled to the brim. If you process payments digitally and are looking to level up, please reach out. Go Bolt.
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Bolt retweeted
Here is my full Fortune Workplace Summit keynote. It takes only 8 minutes to watch at 2x speed. I believe that people ops is the way to go because it puts customers and employees first, better aligning with business priorities that keep the company moving forward. Bolt would not be standing today if it weren’t for an extremely lean, efficient, business-oriented people operations team. This shift was a crucial one for our business, and I believe many businesses can benefit from making a similar change. youtu.be/_RIrAg91scY?si=N6XC…
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Bolt retweeted
This could be as revolutionary for American business as the invention of the telephone. Seriously, take it nationwide.
JUST IN: Bolt CEO Ryan Breslow fired the company’s entire HR team because they were “creating problems that didn’t exist.”
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Bolt retweeted
I don't use the term American Hero lightly, but this man might be one of the greatest American Heroes in history.
JUST IN: Bolt CEO Ryan Breslow fired the company’s entire HR team because they were “creating problems that didn’t exist.”
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Bolt retweeted
“I had to bring the company back to a very gritty place.” Speaking at #FortuneWorkplaceSummit on Tuesday, Bolt CEO Ryan Breslow shared that he fired nearly all of the company’s leadership team. bit.ly/3Rk2jkS
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Bolt retweeted
Life without HR at your company.
JUST IN: Bolt CEO Ryan Breslow fired the company’s entire HR team because they were “creating problems that didn’t exist.”
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Bolt retweeted
JUST IN: Bolt CEO Ryan Breslow fired the company’s entire HR team because they were “creating problems that didn’t exist.”
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Bolt retweeted
We didn’t have “HR” when building Palantir, for similar reasons - I avoided Ryan’s mistake. And when we needed some PeopleOps, we hired technical leaders. Going into the vast majority of companies and firing most of their HR and Marketing departments would tend to create value!
The HR department exists for one reason: to perpetuate the HR department.
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Bolt retweeted
"When you're a peacetime CEO is very different than when you're a wartime CEO." Onstage at the #FortuneWorkplaceSummit, Bolt CEO Ryan Breslow said the company got rid of its HR team as it moved into a “wartime” operating mode: "I feel like a lot of our team was hired more under peacetime, and now we're at wartime," he said onstage. bit.ly/42GBMkk
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Bolt retweeted
I can confirm. We did get rid of our HR team. Anyone who loves creating problems vs solving them has no place at a startup. Bolt is now operating once again as a startup and at Lightning Speed. Thank you Fortune for having me as your keynote speaker ⚡️
"We got rid of our HR team.” Bolt CEO Ryan Breslow defended sweeping workforce cuts at Bolt—including a recent layoff affecting roughly 30% of employees—as well as his decision to eliminate the company’s HR team. #FortuneWorkplaceSummit | bit.ly/3Rk2jkS
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Bolt retweeted
"We got rid of our HR team.” Bolt CEO Ryan Breslow defended sweeping workforce cuts at Bolt—including a recent layoff affecting roughly 30% of employees—as well as his decision to eliminate the company’s HR team. #FortuneWorkplaceSummit | bit.ly/3Rk2jkS
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Bolt retweeted
The #FortuneWorkplaceSummit is coming to Atlanta May 19-20, featuring some of today's most visionary leaders, including: ➡️ @ryanbreslow, CEO, @Bolt ➡️ Theresita Richard, Chief People and Culture Officer, @patagonia ➡️ Dr. @BerniceKing, CEO, @TheKingCenter ➡️ @jainarvind, Founder and CEO, @glean ➡️ @brianstelter, Chief Media Analyst, @CNN ➡️ Hannah Pritchett, Chief People Officer, @AnthropicAI Don't miss the opportunity to hear directly from the people shaping the future of work: conferences.fortune.com/even…
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Mar 25
How do companies build a conscious culture to ensure resilience? Founder and CEO @ryanbreslow lays it out in his conversation with Scott Galloway. Listen to the full epsiode here: podcasts.apple.com/us/podcas…
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Mar 19
Meet us at @FintechMeetup in Vegas later this month! Bolt CEO @ryanbreslow will be there to discuss what’s new, what’s next, and how we’ll shape the future of finance together.
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Bolt retweeted
Hey @sama @gdb Bolt can power Instant Checkout for you guys We are the only ones that can actually make this happen. 100s of prebuilt integrations across carts, tax, shipping, coupons, erp's, inventory management systems, processors, etc. Please lmk if you're interested.
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Mar 13
Bolt CEO @ryanbreslow has founded multiple companies, so he knows what it takes to raise capital. If you’re a founder navigating the fundraising journey, his conversation with Scott Galloway is worth a listen. 🎧 Catch the full episode here: podcasts.apple.com/ca/podcas… And while you’re building the next big thing, your checkout shouldn’t slow you down. Bolt Checkout gives early-stage teams enterprise-grade performance with startup-friendly pricing. Launch in days and stay focused on what matters: building. Learn more here → bolt.com/startups
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Mar 11
Will you be at @semafor World Economy in Washington DC next month? If so, don’t miss Bolt's Justin Grooms on the main stage to discuss how digital identity and payments are rewriting the rules of commerce. See you there: lnkd.in/eExYfjKh
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Bolt retweeted
Today, I’m thrilled to announce that Fedde Alsabbagh is Bolt's new COO. Fedde joined us eight months ago as VP of Product & Eng, and what he has accomplished since then is nothing short of extraordinary. Between the Bolt SuperApp and Bolt Checkout, he led the launch of nearly two dozen product lines. Despite their immense complexity, Fedde executed each rollout with ease. This promotion reinforces Bolt’s engineering-led culture. Our COO must be both a visionary engineer and a world-class operator; Fedde has consistently raised the bar in both arenas from day one. Before joining Bolt, he spent years leading technical teams at JPMorgan Chase and Carnival Cruise Lines, where he re-engineered their entire payments stacks from the ground up. Fedde, I couldn’t be more excited for this next chapter. I'm honored to have you as a partner in this mission. ⚡️
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