Fast

16 statements across 3 episodes · 6 bullish · 1 bearish · 2 people on the record · first statement Nov 15, 2019 by Dom Holland · said 40 times in 6 episodes since 2019 · across every show →

Mentions by year

brought up most by Harry Stebbings (28), Dom Holland (12)

tap a year for its mentions
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0010120220192020202120222023episodesmentions per episode
2023 4 mentions in 2 episodes 2 per episode
2022 20 mentions in 1 episode
2020 1 mention in 1 episode
2019 15 mentions in 2 episodes 8 per episode

every mention, scene by scene, with the transcript →

Everything said about Fast, oldest first

Nov 15, 2019 positive
Assertion Not checkable as stated
Fast built a 10-person remote engineering team in Nigeria
“I think we've got now 10 people in our remote team from Nigeria, so eight from Lagos and two from Port Harcourt, and it's an absolutely incredible market.”
Dom Holland Nov 15, 2019 ▶ 21:56 20VC: Why Speed Is The Biggest Differentiator a Founder Can Have, How To Hire Seasoned Tier 1 Talent To An Early Stage Startup & How To Start, Scale and Manage Remote Teams with Domm Holland, Founder & CEO @ Fast
Nov 15, 2019 neutral
Insight
Managing remote engineers is identical to managing in-office teams
“I find managing engineers remotely or in person is actually quite similar. You know, a lot of engineers that I've managed in person that, you know, prefer to chat over Slack and stuff like that too. So it's neither here nor there, whether they're physically si…”
Dom Holland Nov 15, 2019 ▶ 22:29 20VC: Why Speed Is The Biggest Differentiator a Founder Can Have, How To Hire Seasoned Tier 1 Talent To An Early Stage Startup & How To Start, Scale and Manage Remote Teams with Domm Holland, Founder & CEO @ Fast
Apr 13, 2022
Assertion Not publicly verifiable
Holland: Fast never burned $10 million a month despite media reports
“The burn that's being reported by the media is not the real burn. Our burn was much lower. It was significantly lower. We've never done ten million dollars a month of burn before, right?”
Dom Holland Apr 13, 2022 ▶ 10:11 20VC Exclusive: Fast's Domm Holland on What Really Happened at Fast? Were they really Burning $10M per Month? Where did Bolt Succeed Where Fast Did Not? What is It Really Like To Have Stripe Invest in your Company?
Apr 13, 2022
Assertion Not checkable as stated
Holland: Fast's insider investors refused to lead bridge round to extend runway
“I think our insiders just really wanted to see external investors come in and lead that process, and them to participate, but other people lead.”
Dom Holland Apr 13, 2022 ▶ 22:05 20VC Exclusive: Fast's Domm Holland on What Really Happened at Fast? Were they really Burning $10M per Month? Where did Bolt Succeed Where Fast Did Not? What is It Really Like To Have Stripe Invest in your Company?
Apr 13, 2022
Assertion Not checkable as stated
Holland: 50 companies reached out to buy Fast's product or IP
“From a product standpoint, I've had probably 50 companies aggressively reaching out to me, wanting to buy the product, wanting to buy the IP, wanting to build it again, me to come and launch a new division to build the same thing under their company.”
Dom Holland Apr 13, 2022 ▶ 19:03 20VC Exclusive: Fast's Domm Holland on What Really Happened at Fast? Were they really Burning $10M per Month? Where did Bolt Succeed Where Fast Did Not? What is It Really Like To Have Stripe Invest in your Company?
Apr 13, 2022 bullish
Disclosure
Holland: Existing Fast investors and new VCs pledged to back next venture
“I've had lots of existing investors who said that they would back me again. Other investors would love to back the next thing.”
Dom Holland Apr 13, 2022 ▶ 26:02 20VC Exclusive: Fast's Domm Holland on What Really Happened at Fast? Were they really Burning $10M per Month? Where did Bolt Succeed Where Fast Did Not? What is It Really Like To Have Stripe Invest in your Company?
Apr 13, 2022 positive
Assertion Not checkable as stated
Holland: Stripe never engaged in mob attacks or criminality against Fast
“I have never once witnessed a mob attack by Stripe or any sort of organized criminality of any type, I'll tell you.”
Dom Holland Apr 13, 2022 ▶ 15:24 20VC Exclusive: Fast's Domm Holland on What Really Happened at Fast? Were they really Burning $10M per Month? Where did Bolt Succeed Where Fast Did Not? What is It Really Like To Have Stripe Invest in your Company?
Apr 13, 2022 positive
Assertion Not publicly verifiable
Holland: Fast acqui-hire absorbed hundreds of staff without formal interviews
“In the end, when it just was clear that cost pace wouldn't work, like I said, we firm aqua hired the company. We picked a company that would take on a huge amount of our team. Hundreds of people. It's not often you have a team so good that Another company will…”
Dom Holland Apr 13, 2022 ▶ 14:00 20VC Exclusive: Fast's Domm Holland on What Really Happened at Fast? Were they really Burning $10M per Month? Where did Bolt Succeed Where Fast Did Not? What is It Really Like To Have Stripe Invest in your Company?
Apr 13, 2022 neutral
Disclosure
Holland: I stopped reading all media coverage about myself years ago
“Years ago, I stopped reading, reading the articles. The good or the bad. Doesn't matter. I don't want to see it. I don't care how nice they're being. If they're glorifying us, I don't read it. Same thing for the nasty ones.”
Dom Holland Apr 13, 2022 ▶ 12:52 20VC Exclusive: Fast's Domm Holland on What Really Happened at Fast? Were they really Burning $10M per Month? Where did Bolt Succeed Where Fast Did Not? What is It Really Like To Have Stripe Invest in your Company?
Apr 13, 2022 negative
Assertion Supported
Holland: Excessive burn rate killed Fast, not investor Stripe
“Having Stripe as an investor isn't what killed our company. Having too high a burn is what killed our company. There's just no other way to put it.”
Dom Holland Apr 13, 2022 ▶ 15:35 20VC Exclusive: Fast's Domm Holland on What Really Happened at Fast? Were they really Burning $10M per Month? Where did Bolt Succeed Where Fast Did Not? What is It Really Like To Have Stripe Invest in your Company?
Apr 13, 2022 bullish
Assertion Not checkable as stated
Holland: Fast had $8B in signed enterprise deals when it shut down
“We had won, we had eight billion dollars of enterprise merchants in signed deals that we were onboarding.”
Dom Holland Apr 13, 2022 ▶ 21:41 20VC Exclusive: Fast's Domm Holland on What Really Happened at Fast? Were they really Burning $10M per Month? Where did Bolt Succeed Where Fast Did Not? What is It Really Like To Have Stripe Invest in your Company?
Apr 13, 2022
Prediction Not checkable as stated
Holland: Next venture will maintain an exponentially lower burn rate
“I would absolutely keep burn a lot lower is a significantly lower exponentially lower.”
Dom Holland Apr 13, 2022 ▶ 19:30 20VC Exclusive: Fast's Domm Holland on What Really Happened at Fast? Were they really Burning $10M per Month? Where did Bolt Succeed Where Fast Did Not? What is It Really Like To Have Stripe Invest in your Company?
Apr 13, 2022
Assertion Not publicly verifiable
Holland: Fast doubled its burn rate over final quarters of 2021
“Over the last two quarters of 21, we basically doubled our burn.”
Dom Holland Apr 13, 2022 ▶ 6:58 20VC Exclusive: Fast's Domm Holland on What Really Happened at Fast? Were they really Burning $10M per Month? Where did Bolt Succeed Where Fast Did Not? What is It Really Like To Have Stripe Invest in your Company?
Apr 13, 2022
Assertion Not publicly verifiable
Holland: Over 80% of Fast's burn went to compensation and healthcare
“The vast majority of our burn came directly from people. Like, well over 80% of our cost space was just wages, health care benefits, over 80%.”
Dom Holland Apr 13, 2022 ▶ 8:15 20VC Exclusive: Fast's Domm Holland on What Really Happened at Fast? Were they really Burning $10M per Month? Where did Bolt Succeed Where Fast Did Not? What is It Really Like To Have Stripe Invest in your Company?
Apr 13, 2022 bullish
Assertion Not checkable as stated
Holland: Fast's largest merchant was twice the size of Bolt's
“In January, we onboarded our first Billion dollar merchant. There were 50 X the size of our second biggest merchant. Twice the size of Bolt's biggest live customer, right? More than twice the size.”
Dom Holland Apr 13, 2022 ▶ 17:03 20VC Exclusive: Fast's Domm Holland on What Really Happened at Fast? Were they really Burning $10M per Month? Where did Bolt Succeed Where Fast Did Not? What is It Really Like To Have Stripe Invest in your Company?
Nov 22, 2023
Disclosure
Stebbings turned down a 50x angel return offer in Fast
“I had this offer and I was like, ah, it's like, it was like a 50 X on an angel check. And I was like, no, I buy it. Like I'm going to stay in here. Stripe have just come in. There's going to be a partnership agreement there. No, I should have fucking been fear…”
Harry Stebbings Nov 22, 2023 ▶ 48:44 Jeff Seibert: Why OpenAI Will Become an Infrastructure Play | E1085 · 20VC with Harry Stebbings
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