This Week in Startups E1103: Domm Holland on launching Fast to the public, creating a one-click checkout for the entire Internet, taking on Apple Pay & more
Sep 2, 2020
Domm Holland, CEO and co-founder of Fast, shares insights into his innovative one-click checkout platform revolutionizing online shopping. He discusses how Fast simplifies transactions and competes with giants like Apple Pay. Holland highlights generational attitudes toward debt and the rapid growth of e-commerce during the pandemic. He explores the transformation of consumer habits, the impact of Amazon's patent expiration on startups, and the importance of community engagement in the evolving retail landscape.
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Origin of Fast
- Dom Holland's grandmother struggled to order groceries online due to a forgotten password.
- This sparked his idea for a one-click checkout solution, Fast.
Fast vs. Apple Pay
- Apple Pay is context-dependent, working only on Apple devices and browsers under specific conditions.
- Fast aims to be universally accessible, working across all platforms and devices.
Solving Post-Purchase Issues
- Online shopping lacks a streamlined post-purchase experience.
- Fast addresses this by offering order tracking, receipts, returns, and reordering all within their platform.