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Bolt Built $11 Billion Business With Inflated Metrics and Eager Investors


A Fund-Raising GuruStill, Mr. Breslow has become something of a legend in the Valley, for his fund-raising prowess and his outspoken behavior. Last summer, he self-published a 58-page book on fund-raising, described on Amazon as an “essential playbook” for start-ups. “Fund-raising is purely a matter of momentum,” he wrote.Jack Burlinson, an entrepreneur who attended Stanford, said Mr. Breslow counseled him on fund-raising and introduced him to investors. “The fact that I’m tangentially related to him in some way made it easy to raise money,” Mr. Burlinson said.Mr. Breslow moved back to Florida during the pandemic, where he has been “hacking himself,” Mr. Traina, the early Bolt investor, said. Often photographed in yoga poses, Mr. Breslow — who Forbes reported plays a buffalo-skin drum before bed — told the magazine he wants nothing to do with the “elite circle” of billionaire …

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