THE RISE AND FALL OF FAST.CO

Summary from the TLDR Founders newsletter

Fast was a company that was founded in 2019. It managed to raise $100 million in 2021. However, just 16 months later, it was gone. It's hard to believe that it managed to spend such a massive amount of money in such a short period of time with 400 staff. The story of Fast perfectly represents the ZIRP era. There are some important lessons to be learned from it.