Toast

4 statements across 1 episodes · 1 bullish · 1 bearish · 1 people on the record · first statement Apr 4, 2022 by Steve Papa · said 5 times in 1 episodes since 2022 · across every show →

Mentions by year

brought up most by Ted Seides (5)

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Everything said about Toast, oldest first

Apr 4, 2022 positive
Assertion Contradicted
Toast founders built second commerce app on Apple App Store
“In fact, they were the second mobile app in the Apple App Store for commerce after Amazon.”
Steve Papa Apr 4, 2022 ▶ 31:53 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022 negative
Assertion Supported
Toast laid off half its workforce eight weeks after February 2020 funding
“They just closed the financing in February. They were gearing up to double the size of the company, double the team, And by the end of March, probably eight weeks after that closed, instead we were announcing we had to let go half the company because we couldn…”
Steve Papa Apr 4, 2022 ▶ 34:29 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022 neutral
Disclosure
Papa Seeded Toast With $500K Expecting an Early Acqui-Hire
“I'll commit the first 500 K. If you pay me that back in the next few years, you'll get most of the equity back. Pretty aggressive terms because it was going to be an acqui-hire and I should get some return if it is. 250 K into that, they started to displace th…”
Steve Papa Apr 4, 2022 ▶ 33:25 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022 neutral
Assertion Not checkable as stated
Toast had only two VC firms competing to invest in fall 2015
“In fact, the only two firms that were competing to back it at a reasonable valuation were my two lead investors at Indeca that fall.”
Steve Papa Apr 4, 2022 ▶ 36:06 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
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