Fast (Company)

A checkout-technology startup founded by Domm Holland (real name Dominic Holland) that raised approximately $100M while generating only ~$600K in revenue in 2021. Fast became a widely-cited case study in founder Due Diligence failure after Gergely Orosz published a thread (April 2022) documenting the CEO’s history: a prior Australian startup with a $15M dispute, a bankruptcy, staff fired by text messages, and Nigerian contractors who built Fast’s v1 product and were terminated without acknowledgment once the company had secured US funding.

Gergely’s observation: “Being in the business over 15 years, I see a pattern on people’s past behaviors and their future ones. Once: a mistake. Twice: a pattern.” The prior record was fully public and searchable under the founder’s real name — the central lesson is that rigorous Due Diligence on founders begins with the easily accessible record, not just the deck.

Where this appears

• Plenty of News About Fast… (tweet)
• They had a dedicated schwag… (tweet)