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Normally I wouldn’t fault someone for trying at a startup and failing, but Fast was an extraordinarily bad situation. They relentlessly hyped the company across

Normally I wouldn’t fault someone for trying at a startup and failing, but Fast was an extraordinarily bad situation. They relentlessly hyped the company across social media while it was a disaster behind the scenes. The employees of Fast got screwed the most. Remember that. They were misled into believing the company was successful when it was famously almost completely devoid of revenue. The founders lied to them. The data may stand on its own, but I’d be very suspicious of any narratives being pushed by these people. Fast was a disaster, and the money they raised on those lies is included in those graphs.

Closi 4y ago
It's hard - the fast product really required them getting a network-effect and that required a lot of hype. I don't think it's necessarily a bad pitch, but clearly it was a business that was only ever going to either be wildly-successful or a complete disaster, and nothing in the middle. Also they were probably way-too-late and stripe were much better positioned. (And I'm not suggesting that those two scenarios are equally likely - it had probably a 5% payoff chance!).