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Bolt CEO Ryan Breslow explains his troubled $30M personal loan, announces new ‘super app’
Bolt CEO Ryan Breslow defended the $30M personal loan he took out from his startup, while announcing Bolt's latest launch.
Bolt’s controversial co-founder Ryan Breslow, who returned as CEO earlier this month, spoke on Monday about the $30 million personal loan he took out of his company that sparked legal battles and contributed to his (temporary) ouster. Speaking at Fintech Meetup in Las Vegas yesterday, Breslow defended the loan, framing it as an act of loyalty to Bolt rather than the self-dealing the Activant lawsuit alleged it was. Breslow noted during his speech that “all” the legal cases against him are “fully settled, dismissed” but didn’t provide an update on the $450 million fundraise.
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