Bolt Threads CMO Sue Levin, said that the group’s bid had “more than enough capital to complete the transaction,” but was “not seriously considered.” She said that she felt the process was “confusing and a waste of the group’s time and money.” However, a source noted that the group “did not have the ownership or capital structure” that would have been "approved by the NWSL or been able to sustain and grow the Thorns in perpetuity.”