Seen today on Business Insider:
"In April, one-click checkout startup Fast, which raised $120 million in venture capital, revealed to investors that it planned to lay off more than half of its staff, and look for an buyer. A few days later, the $11 billion startup shut down entirely. Although CEO Dom Holland admitted to hiring too fast, insiders said the startup overspent on marketing and lavish executive retreats."
Save those vintage hoodies people!
On a personal note, can't say I'm surprised considering they sent a hoodie I paid $1 for to Israel via UPS Express.
