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…”

“What did fast do? They raised a hundred million and they burned it in 10 months. They got into a ten million A month burn.”

“Fast raised like a hundred, twenty million dollars or something crazy from Stripe, from index, from addition, from all these amazing players.”

“Over the last two quarters of 21, we basically doubled our burn.”

“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%.”

“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?”

“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.”

“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…”

“I have never once witnessed a mob attack by Stripe or any sort of organized criminality of any type, I'll tell you.”

“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.”

“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.”

“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.”

“I would absolutely keep burn a lot lower is a significantly lower exponentially lower.”

“We had won, we had eight billion dollars of enterprise merchants in signed deals that we were onboarding.”

“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.”

“I've had lots of existing investors who said that they would back me again. Other investors would love to back the next thing.”

“At its peak fast was burning ten million dollars a month according to reports. I think the information got most of this information while only generating about 50 K a month in revenue.”

“Their hundred two million dollar Series B was led by Stripe in January of 2021. Company raised one hundred twenty four million dollars in total.”

“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.”

“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…”