Thought Leaders in E-Commerce: Bolt CEO Justin Grooms (Part 5)

Sramana Mitra: Can you talk me through the business model evolution of the business? This is probably before your time, but when the company was selling the checkout software, were they charging on a Software as a Service basis?

Featured Videos

Thought Leaders in E-Commerce: Bolt CEO Justin Grooms (Part 4)

Sramana Mitra: So, Bolt started with a software product for online checkouts and sold it to small retailers. Small retailers came on board and used Bolt as their e-commerce checkout system. Then when consumers were buying through the Bolt checkout process, they were offered the opportunity to join the Bolt network.

This is how Bolt developed this network of consumers and then gradually went upmarket and got larger and larger retailers to come into this checkout system and also access the consumer base of Bolt. That’s the story that you’re telling.

Thought Leaders in E-Commerce: Bolt CEO Justin Grooms (Part 3)

Sramana Mitra: What was the technology that were you bringing to market with Bolt? What were you looking for commercialization?

Justin Grooms: We had an initial all-in-one checkout product that we were selling to SMB merchants. Bolt had good success with that.

Sramana Mitra: A point-of-sale checkout product?

Video FAQs

Cloud Stocks: Analysis of Docusign’s Lexion Acquisition

Digital signature services provider Docusign (Nasdaq: DOCU) recently announced strong quarterly results. The company is looking to expand its market reach through a focused AI-based strategy for document management.

Thought Leaders in E-Commerce: Bolt CEO Justin Grooms (Part 2)

Sramana Mitra: What did you do after you left Datron? Why did you leave Datron? To build something else? A startup?

Justin Grooms: When I was in the defense space, I had a lot of exposure to some early research that was being done in spatial computing, and I thought that it was just such a fascinating technology.

644th 1Mby1M Entrepreneurship Podcast with Julien Pham, 3CC Third Culture Capital

Julien Pham, Founder GP at 3CC | Third Culture Capital, talks about the firm’s focus on HealthTech. Julien is a physician by training. Excellent discussion!

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | Android | Google Play | Stitcher | TuneIn | RSS

644th 1Mby1M Roundtable Recording

In case you missed it, you can listen to the recording of this roundtable here:

June 27 – 645th 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 645th FREE online 1Mby1M Mentoring Roundtable on Thursday, June 27, 2024, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST.

If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.

You can learn more here and REGISTER TO PITCH OR ATTEND HERE. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be interested. All are welcome!