E1128: Emergency Pod! Quibi postmortem - Diving into the numbers, what went wrong & lessons learned
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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
Listen here...
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Show notes:
0:00 Jason sets the stage - What is Quibi? What was their product & how did it fail?
6:17 Diving into the numbers, how could the money have been deployed more intelligently?
9:44 Jason reacts to David Sacks & Zach Coelius steps about Product-Market Fit & overcapitalization
11:46 LinkedIn Jobs - Get a $50 credit toward your first job post at https://www.linkedin.com/twist
13:29 Jason's live reaction to Jeffrey Katzenberg & Meg Whitman on CNBC talking about why they decided to shut down Quibi
23:53 What Jason would have done differently if he was in charge of Quibi, how to tell that Quibi's failure was not a venture capital creation
29:13 Differentiating Quibi from Silicon Valley investments
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