Why Did Quibi Fail?

Kelly O'Grady
Kelly O'Grady is dot.LA's chief host & correspondent. Kelly serves as dot.LA's on-air talent, and is responsible for designing and executing all video efforts. A former management consultant for McKinsey, and TV reporter for NESN, she also served on Disney's Corporate Strategy team, focusing on M&A and the company's direct-to-consumer streaming efforts. Kelly holds a bachelor's degree from Harvard College and an MBA from Harvard Business School. A Boston native, Kelly spent a year as Miss Massachusetts USA, and can be found supporting her beloved Patriots every Sunday come football season.
Why Did Quibi Fail?

Quibi was one of the buzziest startups of 2020. It raised $1.75 billion and had lined up A-list actors and producers for its content. The short-form streamer was the brainchild of storied executives Jeff Katzenberg and Meg Whitman. So why did it fail so quickly? On this installment from our new "dot.LA Explains" series, host Kelly O'Grady goes through five reasons experts say Quibi failed.


Key takeaways:

  • Consumer demand for highly produced short-form content is slim
  • Launching during the pandemic was terrible timing
  • Celebrity driven content did not resonate with audiences
  • Quibi lacked a breakout hit show
  • The inability to share content on social media hurt Quibi's potential to create buzz


    Why Did Quibi Fail?www.youtube.com

    Watch to learn more on why Quibi failed, and follow us on Instagram for daily video content.

    https://www.instagram.com/kfogrady/
    https://www.linkedin.com/in/kelly-o-grady-61714248/
    kelly@dot.la
    LA Tech Week 2024: Monday’s Event Lineup
    tech-week

    LA Tech Week 2024 kicks off on Monday, October 14, with a packed schedule of events spread across Los Angeles. This opening day offers founders, investors, creatives, and tech enthusiasts endless opportunities to connect, learn, and collaborate. From early morning fitness sessions to afternoon workshops and evening socials, Monday’s diverse programming sets the stage for an impactful week. Below is the schedule organized by location, so you can easily find the events that match your goals and availability.

    BEVERLY HILLS

    7:00 AM

    Andrew Yeung, Blindspot

    8:00 AM

    Scrappy

    9:00 AM

    TechWalk, Qapita

    12:00 PM

    VCPE GROUPS, Entrepreneur.VC

    2:00 PM

    • Future of Farming: AI and Indigenous Collaboration for a Sustainable Food System : See Details Here

    Celebration Nation Inc

    7:00 PM

    LightDAO, Mission Matters

    CENTURY CITY

    6:00 PM

    • KOSME-LAVA Demo Day (Invite Only)

    Los Angeles Venture Association

    CULVER CITY

    9:00 AM

    Amazon Web Services (AWS)

    Intersections LA

    1:00 PM

    • Networking for Underrepresented Founders - Optimize your networking savviness, and have fun along the way : See Details Here

    AWS Startups

    2:30 PM

    AWS

    3:00 PM

    Family Offices Investors Summit, Sandbox, Soulbound, KIKI, Babylon Voice, CryptoHQ Fund

    DTLA

    7:00 AM

    • Tech Runs (Invite Only)

    Crosscourt

    EL SEGUNDO

    6:00 PM

    Stonegardens Advisory, Demand Signal Ventures

    HOLLYWOOD

    2:00 PM

    • Brand Positioning + Content Strategy Workshop (Invite Only)

    Alpha Wolves Media

    6:00 PM

    LaFamilia Foundation (VCFamilia), Pivotal Ventures

    INGLEWOOD

    6:30 PM

    • UCLA Anderson Elevating Voices: A Pitch Competition & Networking Opportunity :See Details Here

    Westwood

    LONG BEACH

    11:30 AM

    Starburst Aerospace, Ampaire, Auriga Space, Long Beach Accelerator, Rebel Space, Sunset Ventures, Emerging LA

    MALIBU

    5:00 PM

    Sunstone, Pepperdine University

    6:00 PM

    Wilshire Lane Capital

    MAR VISTA

    3:30 PM

    Uthana

    MARINA DEL REY

    3:00 PM

    USC, Information Sciences Institute

    MID CITY

    10:00 AM

    The Growth Club

    PASADENA

    1:00 PM

    Emerging LA, Sunset Ventures

    5:00 PM

    AI LA

    PLAYA DEL REY

    8:00 AM

    AI LA

    SANTA MONICA

    7:00 AM

    PitchandRunLA, Global Venture Network

    8:00 AM

    Fortify Ventures

    8:30 AM

    Ganas Ventures

    9:00 AM

    Tech Breakfast Club

    A16z

    10:00 AM

    Clutch Talent

    • Santa Monica Innovation Hub: Technology Street Fair on Ocean Avenue :See Details Here

    City of Santa Monica, StartupStarter, Inc., Downtown Santa Monica, Inc. (DTSM)

    • Sip & Scale (Invite Only)

    AMP Beauty

    10:30 AM

    Socialtrait Inc

    11:00 AM

    Mucker Capital, LeadrPro, JP Morgan, K&L Gates

    12:00 PM

    Global Venture Network, GS1US, The FutureList, FusionAuth

    1:00 PM

    Cherry Hill Advisory, Crescent

    1:30 PM

    Charlie Financial, Aprime Technology

    4:00 PM

    Nathan Family Office

    Artium AI, Freeplay, Silicon Valley Bank

    Sidebar Summit, Redwood Collective

    4:30 PM

    HIRECLOUT

    5:00 PM

    Los Angeles Fun Events

    Orbis86

    6:00 PM

    ImaginingForward

    PowerYou AI

    Musa Capital

    Hustle Fund

    VCPE Groups, Entrepreneur Ventures

    Hive

    A16z

    Tech Pitch Roast Comedy LLC

    Human To Human

    7:00 PM

    Verve, M13, Stifel, WSGR

    Frances Mendez, Ryan Edwards

    VENICE

    7:00 AM

    Bankless Ventures

    Powerful Stuff, Drybaby

    8:00 AM

    J.P. Morgan Startup Banking Team - LA

    9:00 AM

    Google

    10:15 AM

    Open Venture Capital, Empowered Yoga Venice, Oya Femtech Apparel, Wellness Growth Ventures

    12:00 PM

    J.P. Morgan Innovation Economy Team - LA

    Crypto Mondays, Continuum, Female Funders Club

    4:00 PM

    J.P. Morgan, WICIF, MCJ

    6:00 PM

    Product Manager Association of Los Angeles

    6:30 PM

    HITMKR Inc., The Bushido Group, Mission Matters

    VIRTUAL

    8:30 AM

    Clutch Talent

    WESTLAKE VILLAGE

    11:00 AM

    Hub 101, Steven Dorfman Center for Innovation & Entrepreneurship, California Lutheran University

    WESTSIDE

    3:00 PM

    MaC Venture Capital

    • Speaker Panel: Leveling the playing field - Removing the barriers to entry for developers :See Details Here

    Elemental Computing Inc.

    Each session provides unique opportunities to gain insights, network, and explore various fields of tech innovation. For updates or more event information, visit theofficial Tech Week calendar. Enjoy the start of LA Tech Week 2024!


    Download the dot.LA App

    OpenAI's $6.6B Power Play: The Future of AI Just Got a Massive Boost 💰🚀
    Image Source: Open AI - Sam Altman

    🔦 Spotlight

    OpenAI is making some exciting moves! The company just completed a massive $6.6 billion funding round, pushing its valuation to an impressive $157 billion. Thrive Capital led the charge, with big names like Andreessen Horowitz and Founders Fund also joining in. This investment will allow OpenAI to further scale its operations and advance AI technologies like GPT-4 across various sectors such as healthcare, entertainment, and business.

    But that’s not the only exciting news. OpenAI has also secured an additional$1 billion credit facility, giving the company even more financial flexibility to execute its ambitious growth plans. This safety net ensures that OpenAI has the resources to scale safely and effectively while continuing to lead the AI space.

    AI is becoming integral to industries worldwide, and OpenAI’s products—like ChatGPT—are seeing rapid adoption. From education to enterprise solutions, the company is driving significant advancements in how AI is integrated into everyday life.

    Following Microsoft’s $10 billion investment earlier this year, this latest round underscores the market’s confidence in OpenAI’s potential. With its strong focus on responsible AI deployment and ethical scaling, the company is set to shape the future of AI in a way that benefits a broad range of industries and addresses global challenges.

    As AI evolves, OpenAI remains dedicated to pushing boundaries while ensuring that its innovations prioritize safety, scalability, and social impact. Keep an eye on this space—big things are on the horizon!


    🤝 Venture Deals

    LA Companies

    • Impulse Space, a Redondo Beach-based company specializing in in-space transportation services, raised $150M in Series B funding led by Founders Fund, bringing its total funding to $225M, to expand its team and advance production of its Helios and Mira vehicles. - learn more
    • Nusano has secured over $115M in Series C financing, led by The Wasatch Group, to accelerate the commercialization of its radioisotope production technology, aimed at improving cancer treatment and medical diagnostics. - learn more
    • Future Trash, a multidisciplinary creative studio, has raised a $5M Seed funding round from TIRTA and General Catalyst to develop original intellectual property (IP) within Fortnite, focusing on building unique in-game content and experiences. - learn more
    • XType, the leading software company for multi-instance management on the ServiceNow platform, has raised a $21M Series A funding round led by Norwest Venture Partners to accelerate innovation and expand its platform capabilities on the ServiceNow platform. - learn more
    • 3Laws Robotics, a robotics company focused on building AI-powered platforms to enhance the safety, security, and operational efficiency of robotic systems, has raised a $4.1M Seed funding round led by TenOneTen Ventures. - learn more

    LA Venture Funds
    • Watertower Ventures participated in the $8M Series A funding round for DocJuris, a leader in AI-based contract review and negotiation software that automates key tasks to streamline the contract process for enterprise teams and general counsels. - learn more
    • Progression Fund participated in a $3.7M Seed funding round for Permanent, a company focused on advancing sustainable agriculture by developing solutions that improve soil health and productivity. - learn more


    LA Exits

    • Loom, an educational community platform that empowers women by providing comprehensive resources on reproductive health, sexual wellness, and parenting education, has been acquired by women's health brand Perelel, marking a significant expansion in the women's health and wellness sector. - learn more

    Download the dot.LA App

    ⚠️📲🌩️ Your Digital Lifeline: Top Tech Apps for Natural Disasters

    Living in LA means being ready for anything—quakes, wildfires, crazy weather, you name it. Luckily, there’s a suite of tech apps designed to keep you informed, connected, and safe when disaster strikes. From real-time alerts to staying in touch with loved ones, these apps have you covered. Here’s the ultimate list to help you handle whatever chaos comes your way in LA County.

    Get Real-Time Alerts

    Image Source: MyRadar

    FEMA App
    • What it does: Provides real-time alerts from the National Weather Service, along with shelter and disaster recovery info.
    • Key features: Weather alerts, shelter locator, and preparedness resources.
    • Available on:iOS | Android
    MyRadar Weather Radar
    • What it does: Offers real-time, animated radar for tracking severe weather and storms.
    • Key features: Live radar, storm tracking, and severe weather alerts.
    • Available on:iOS | Android
    Clime: NOAA Weather Radar
    • What it does: Delivers real-time radar and weather updates, with wildfire and flood tracking.
    • Key features: Customizable weather alerts, disaster tracking.
    • Available on:iOS | Android
    American Red Cross Emergency App
    • What it does: Provides real-time alerts for over 35 types of emergencies, plus disaster preparedness tips.
    • Key features: Alerts, safety check-ins, and emergency tips.
    • Available on:iOS | Android
    My Earthquake Alerts & Feed
    • What it does: Sends real-time earthquake alerts, with maps and detailed data.
    • Key features: Earthquake alerts, customizable notifications, detailed maps.
    • Available on:iOS | Android
    Citizen
    • What it does: Delivers real-time alerts for emergencies, including natural disasters and crime near your location.
    • Key features: Safety alerts, live incident reports, and community updates.
    • Available on:iOS | Android

    Stay Connected with Loved Ones

    Image Source: Life360

    While social media apps like Facebook and X provide real-time updates, additional tools can help with communication and location sharing, ensuring you stay connected and safe.

    Nextdoor
    • What it does: Connects neighbors with real-time local updates on emergencies and community events.
    • Key features: Neighborhood alerts, local info, resource sharing.
    • Available on:iOS | Android
    WhatsApp
    • What it does: Enables secure messaging, location sharing, and video/voice calls with family and friends.
    • Key features: End-to-end encryption, location sharing, voice/video calls.
    • Available on:iOS | Android
    Zello Walkie Talkie
    • What it does: Turns your phone into a push-to-talk walkie-talkie for communication in low-signal areas.
    • Key features: Push-to-talk, works over Wi-Fi/data, group communication.
    • Available on:iOS | Android
    Glympse – Share Your Location
    • What it does: Lets users share real-time locations with family and friends without needing an account.
    • Key features: Location sharing, ETA updates, private tracking.
    • Available on:iOS | Android
    Life360
    • What it does: Tracks real-time location of family members and provides emergency SOS alerts.
    • Key features: Family location tracking, emergency alerts, crash detection.
    • Available on:iOS | Android

    Stay Mobile

    Image Source: PlugShare

    For navigating road closures and traffic during disasters, Google Maps and Waze are essential tools that offer real-time updates and alternate routes. Along with these go-to options, there are additional apps that can help you stay mobile when it matters most.

    GasBuddy
    • What it does: Locates nearby gas stations and provides real-time updates on fuel availability and prices.
    • Key features: Gas station locator, fuel prices, availability checks.
    • Available on:iOS | Android
    PlugShare
    • What it does: Provides a comprehensive map of public EV charging stations worldwide. It offers real-time availability, pricing, user reviews, and photos of charging stations, helping you find the best nearby options.
    • Key features: Real-time station availability, detailed station info, user reviews, and trip planning.
    • Available on:iOS | Android

    Traditional Preparedness Tips

    In addition to these tech apps, it’s crucial to prepare for natural disasters with traditional methods:

    • Build a disaster kit: Gather essential supplies like food, water, first aid supplies, and a flashlight.
    • Develop an evacuation plan: Determine where you will go and how you will get there in case of an emergency.
    • Keep emergency contacts handy: Make a list of important phone numbers.

    Maximize Battery Life and Data During Emergencies

    During disasters, power outages and increased network traffic can affect your device's battery life and data usage. Consider the following:

    • Keep your devices charged: Use portable or solar-powered chargers to extend battery life.
    • Conserve data: Use Wi-Fi hotspots when available to avoid excessive data charges.

    These apps are your go-to tools for staying informed, connected, and ready for anything in Los Angeles County. Whether you need real-time alerts, navigation assistance, or ways to keep in touch with loved ones, having these apps on hand can make all the difference when it matters most.

    Download the dot.LA App

    RELATEDEDITOR'S PICKS
    Trending