Quibi called it quits yesterday, having been able to survive just six months on $1.75 billion in investment capital. (To put that in context, Webvan - another classic business failure - was able to stay in business for three years, and went through about $400 million, though that was about 20 years ago.) KC notes that it is important in a business startup to a) have a good idea, b) enough money, and c) luck and/or good timing.
Though for Quibi, maybe it was just 2020.
Which reminds me of a fanous movie scene: