The REAL Reasons Why Quibi Failed

In this video, we look at the real reasons why Quibi failed. From a Startup’s perspective, how could they raise almost 2 billion and then shut down less than a year after they launched? This is one of the biggest startup failures of all time. Quibi raised 1.75 billion and looking at my list of biggest startup failures of ALL time Quibi is the second largest startup failure of all time.

For the ones who haven’t heard about Quibi - which clearly was part of the problem, very few people have. So what is Quibi? Quibi is short for quick bites. It means they do short-form content - 10 minutes or less for your mobile device.

Here is what Quibi said in a Medium post about why they failed:
Likely for one of two reasons: because the idea itself wasn’t strong enough to justify a standalone streaming service or because of our timing.

I don’t entirely agree. So why did Quibi fail? We will go through the real reasons including timing, product-market fit, founders as well as arrogance. What was the role of the two founders Meg Whitman and Jeffrey Katzenberg,

Raw Startup Blog:
https://rawstartup.co/

Raw Startup T-shirt:
https://rawstartup.threadless.com/designs/raw-startup-t-shirt/mens/t-shirt/premium?color=heavy_metal

Видео The REAL Reasons Why Quibi Failed канала Raw Startup