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

10-Minute Tech Talks: How Tech Companies Fail and How Entrepreneurs Can Avoid It

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!

This is a podcast produced by the Pittsburgh Technology Council 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.