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Those ideas didn't require raising over a billion dollars just to try. And they were also much more of an actual "new idea" than just "somewhere between youtub
by majormajor 6y ago
Those ideas didn't require raising over a billion dollars just to try.
And they were also much more of an actual "new idea" than just "somewhere between youtube and netflix, with both subscription revenue AND ad revenue despite another new subscription (that still has ads at the entry tier!) being a hard sell to users." Which is an idea that has failed before, Quibi thought they could just buy their way to popularity by raising more money.
The more money you need to raise, the higher the burden of evidence for "non-stupid" needs to be.