The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 16 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
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?”
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.”
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.”
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.”
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.”
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%.”
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.”
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…”
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…”
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…”
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.”
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.”
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.”
Holland: Next venture will maintain an exponentially lower burn rate
“I would absolutely keep burn a lot lower is a significantly lower exponentially lower.”