The way sun dance worked was, you would put up your short film there. They basically came up with a for mat. And they should have tested this format over and over and over again. That was the piece that was skipped. It will go down as a reminder that you can't brute force the process of finding product market fit. A start up that hasn't launched yet is a seed stage company with seed stage risk even if it raises two billion dollars. You can't skip those steps, which i'm talking about here....
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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