So imagine you got this great business idea to compete with Netflix Hulu Amazon and you go pitch the idea to NBC Universal

You go to Walt this and you go to time Warner Warner brothers

JP Chase Goldman Sachs Alibaba and this universal and at the end of every single meeting these guys say yes we're in and you

don't raise a hundred million dollars not a half a billion dollars not a

billion dollars you raise 1.8 billion dollars and you launched this company April 6th

2020 at a time where Disney is having record-breaking subscribers

of Disney Plus where you see Netflix King, blowing up 34 million people

watching the first 10 days.

You end up seeing all these guys getting the subscriber records and six months after you raise

1.8 billion dollars, you shut down. You know what that

company's name is? Quibi. Wall Street Journal comes out two days ago saying

Quibi is shutting down barely after six months.

Can you imagine this now.

Now let's unpack this Quibi business model.

Let's see what they are.

So Quibi, a couple of different things you need to know about

Quibi.

Number one, their whole idea was we're going to make 10 minute videos, right?

So 10 minute short films and we're going to compete because nowadays,

you know, the younger audience wants to watch movies on their phone. They don't really want to go out and

watch it on TV. They're going to watch it on their phone, so let's make

short 10 minute clips. Let's go get the biggest A-Listers, right? I'm talking

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