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An open letter from Quibi. to the employees, investors

quibi-hq.medium.com

An open letter to the employees, investors, and partners who believed in Quibi and made this business possible.

The sudden of Quibi, the short-form video streaming service launched by Hollywood veteran Jeffrey Katzenberg six months ago, is sure to generate plenty of “I-told-you-so’s” from people in the entertainment and tech industries.

The team didn’t fully understand the market he was aiming for. To his credit though, he was willing to put his reputation on the line to try something new. That’s something the big entertainment companies aren’t known for.

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