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Gab Bujold 💀

The tech startup Quibi closed after 6 months. What are your thoughts on the subject?🤔

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The Wall Street Journal posted yesterday about the mobile streaming platform Quibi: https://www.wsj.com/articles/qui... In this wonderful community of products, what are your thoughts on what happened? What do you think they could have done differently. Do you think they really had an MVP?

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Fernando Nikolic (mindfold.co)
Honestly, I never pay them any attention until lately. What I found most interesting, though, is how easily people on social media have dunked on the company (read: the people that worked hard to make that product as best as they could)
Fernando Nikolic (mindfold.co)
Gab Bujold 💀
@fernikolic1 Yeah, that's a bit ridiculous. Except people in the startup community celebrating wins, the rest of the world doesn't seems to care. And as you said, I saw a lot of comments bashing the team that invested a ton of efforts toward this project. Pretty sad if you ask me.
Eddie H.
They certainly did not need billions of dollars to validate a concept. They could have asked people what they watched on their phones and the answer would probably have been TikTok and viral videos on YouTube, not short films.
Gab Bujold 💀
@eddieaich "No amount of marketing solves a bad product".
Ikenna Paschal
At this stage, everyone will become an expert and suggest what they could have done. The truth is, they did their best and they lost. I don't think there is anything wrong with the idea. We have seen failed ideas re-implemented by another team and it worked. The CEO said the idea wasn't good enough, I doubt this. Twitter thought the same of Vine and here we are with TikTok.
Gab Bujold 💀
@ikennaobieze I feel that Tiktok & Vine are directed to a different audience. I believe that their target audience was more around busy people, living in the fast world we know, that didn't had time to watch a 30-60 min movie on Netflix or other streaming platform, but would instead take 5-10 minutes of watching short movies on their phone while commuting. However, with the pandemic, people had more time so I don't think the product resonate with their "new" lifestyle.
Solomon David
Probably lack of good management. Running a successful tech company like that takes a lot. Paystack was sold too