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★ Forbes 30U30 2021⚠️ Alleged
DOMM HOLLAND
Fast · 2022
Investor misrepresentation about revenue (alleged)
Domm Holland founded Fast, a one-click checkout startup, which raised $124.5M from Stripe, Kleiner Perkins, and Index Ventures. Fast shut down abruptly in April 2022. The Information reported Fast had only ~$600K in annualized revenue at its $102M Series B, while burning $10M/month. No criminal charges were filed; this is an alleged misrepresentation case in civil dispute.
Raised
$125M
Outcome
💸 Fined
Investors
StripeKleiner PerkinsIndex VenturesSusa Ventures