Company Development Phases - The company identifies two distinct phases: pre-product-market fit (PMF) and post-PMF [1] - Pre-PMF phase requires rapid product iteration and launch, leading to high turnover in business development (BD) due to uncertainty [1] - Post-PMF phase is characterized by understanding how the "fast chain" generates revenue [3] Operational Challenges and Solutions - Initially, the company struggled to generate sufficient revenue to sustain operations [1] - Priority fees were introduced to address landing bugs, which subsequently boosted on-chain volumes through Jupiter (JUP) and Jito [3] - The implementation of priority fees/local fee market was driven by necessity rather than strategic planning [4] Team and Vision - Engineering team experienced low turnover (less than 5%) during the pre-PMF phase, maintaining focus on the "fast chain" vision [2] - The application of the "fast chain" concept was initially unclear and evolved over time [2] Timeline and Outcome - Achieving product-market fit took 3 years after launch and 5 years from the company's inception [4] - The breakthrough in revenue generation occurred after the FTX collapse [3]