[hn_throwaway_99]

OMG, I didn't know a whole lot about this company previously, but holy shit they are toast. From Ryan Breslow's tweets:

> At Bolt, we did it as a Series D company

> If your company has a strong growth trajectory, the benefits to your team from this program can be extraordinary.

https://mobile.twitter.com/theryanking/status/14933901919518...

This reminds me during the dot com crash, when employees exercised their options when the stock was sky high, so they had gigantic paper gains and big AMT bills. Then the stock crashed (like 99% and then some crash), so employees were not only left with near worthless stock, but they had huge tax bills with no money to pay them - and they were sometimes locked out of selling due to insider trading rules as the stock was crashing.