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Key Lessons Every Tech Entrepreneur Can Learn From Quibi's $1.8 Billion Collapse

Interview by Jonathan Kersting

How could a streaming platform with $1.8 billion in funding fail in just six months?

In a time when streaming services are booming, Quibi's short-form content seemed like a perfect fit for our fast-paced lives, but something went terribly wrong. This episode of 10-Minute Tech Talks dives into Quibi’s downfall and how you can avoid making the same mistakes in your own ventures.

Joining host Jonathan  Kersting is Joel Reed of OpenArc, a Pittsburgh-based technology consulting firm specializing in talent, strategy, and software development services, to look at just what went wrong with Quibi. Keep listening to:

  • Learn the dangers of investing too much without testing your product on real audiences.
  • Understand why timing can make or break a business, even with the best ideas.
  • Get practical advice on how to take small steps before committing all your resources to a new idea.

Don’t miss out on key lessons from Quibi's collapse—listen now and learn how to build a successful business without making billion-dollar mistakes!

Produced by the Pittsburgh Technology Council, this is a podcast for tech and manufacturing  entrepreneurs exploring the tech ecosystem, from cyber security and AI to SaaS, robotics, and life sciences, featuring insights to satisfy the tech curious.