Don’t be surprised that Quibi failed

Quibi, a mobile-first video startup primarily known for being an extremely well-funded pet project of woefully out-of-touch co-founders Jeffrey Katzenberg and Meg Whitman, is shutting down. Born in February 2020 in the middle of a pandemic, Quibi didn’t even last a whole year. The only reasonable response to the company’s ultimate failure is to ask: … Continue reading Don’t be surprised that Quibi failed

Cooking the books

The Information this morning reported that Headspin, a network performance software provider, restated its revenues — down from $100 million annual recurring revenue to $15 million ARR after an internal audit. It had fired its co-founder and CEO, Manish Lachani. Headspin was also returning $95 million, a hefty chunk of capital it had raised during … Continue reading Cooking the books