Fast

Fast raised $120 million for a one-click checkout solution, but reportedly processed only $600,000 in total revenue before shutting down after two years—a revenue-to-funding ratio of 0.5%. This performance is 10x worse than the typical e-commerce startup, which usually generates at least 5% of its funding in revenue during the same period. The company's burn rate of $60 million per year dwarfed its microscopic output, making it more overhyped than even #6 Clubhouse in terms of return on investor capital.