Doutless: We asked people to pay forit before they actually understood what it was. Jef: Our product market fit was wrong. It's hard to build a business on breaking viral vidios, unless your u g c and you can just have a big swap of them. I mean, this seems like an area where putting massive production value is a mistake. And i think katsenburg skille has been to spend the money on building great content....
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Referenced in this episode:
Wall Street Journal Article:
https://www.wsj.com/articles/quibi-weighs-shutting-down-as-problems-mount-11603301946
Quibi's website:
https://quibi.com
Tweets by David Sacks, Zach Coelius & John Henry:
https://twitter.com/DavidSacks/status/1319011743708766212
https://twitter.com/zachcoelius/status/1319175661743865858
https://twitter.com/JohnHenryStyle/status/1319028755264921600
Jeffrey Katzenberg & Meg Whitman on CNBC from 10/22:
https://www.cnbc.com/2020/10/22/quibi-co-founders-katzenberg-whitman-explain-what-went-wrong.html