Archive: product-market fit

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What Went Wrong With Quibi

By Andy Gordon on October 22, 2020

In calling it quits, Quibi proved the adage that nothing guarantees success except success itself.  The company seemed to have everything going for it. A massive pool of capital — $1.75 billion worth. An A+ roster of investors that included Alibaba, Goldman Sachs, JPMorgan Chase and practically all the major studios — Sony Pictures, MGM Studios, Lionsgate, Walt Disney, NBCUniversal and Viacom. And it had Mexican business magnate Carlos Slim.  Two megastars led the…
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