The Lost was fronted by Boston rock/ punk legend Willie Alexander, aka Lou reed's "replacement" in the Velvet Underground. Bassist Walter Powers also ended up as another Velveteen Underground member. While Alexander is a FINE singer (as heard on these sides), history probably would treat the post-Lou velvets more fairly a) if the Doug Yule led band changed their name and b) wasn't forced by their manager to only allow Doug Yule to play on their final LP.
But back to The Lost- like so many baby boomer teens, the members of the lost (Willie Alexander, vocals; Ted Myers, vocals & guitar; Hugh Magbie, vocals & guitar; Walter Powers,bass & vocals, and Tony Pfeiffer, drums) were highly influenced by the British Invasion, and formed a group around that sound and mod style (see the promo postcard below, borrowed from Alexander's website). The group, originally from Vermont, moved to Boston shortly after forming. The group's star rose quickly, and was scouted by Capitol Records who signed them in 1965.