The former video-sharing and community site Bolt.com has shut down, after GoFish decided to withdraw from the site's acquisition.

Bolt founders have moved on to WikiYou, the Mayfield and First Round Capital-funded startup they launched last month. A notice on Bolt.com says: “Please be advised that the operations of Bolt, Inc. and Bolt.com have ceased. Net Revolution, Inc. and Bolt, Inc. have executed an Assignment for the Benefit of Creditors effective as of August 14, 2007.”

The company started in 1996 as part of the NYC-based Internet consulting firm Concrete Media. It then morphed from a community site into a video sharing site, but still did not work well, according to paidContent. The company has been owned by the employees since a 2004 management-led buyout.

The details of why GoFish's attempted acquisition of Bolt failed can be found here.