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On this episode of the L.A. Venture podcast, sit down with Daniel Leff, the founder and managing partner of Luminari Capital, as well as the co-founder and managing partner of his latest fund, Waverley Capital.

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A slew of Quibi shows has found new life in Roku.

Roku will acquire the library of the short-lived Hollywood company founded by Jeffrey Katzenberg and has said it will stream its content with ads for free on its Roku Channel. Terms of the deal were not disclosed, although it has been widely reported that the final number came in below $100 million – a far cry from the $1.75 billion that Quibi raised.

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FAST Studios launched on Tuesday with a wager that free, ad-supported streaming TV (FAST) channels, including portions of NBCUniversal's Peacock and ViacomCBS' Pluto TV, will continue to grow.

The L.A.-based company run by serial media entrepreneur Stuart McLean aims to invest in, operate and provide programming, distribution and sales support to FAST channels.

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