Quibi

Streaming mediaUSA

New to Unitard

💀 Dead / Bankrupt

Peak $1.75 BillionToday

~-100%

from peak

🦄
Became a unicorn
2018
📈
Peak valuation
$1.75 Billion ’20
💔
Became a Unitard
Dec 2020
💸
Last valuation
Wiped out

Capital raised

$1.75B

Total raised

$2.02M/day

Raised per day

Total raised averaged per day over approximately 2.4 years from founding to bankruptcy or shutdown. This is not measured cash burn. Methodology

Funding: Crunchbase/Wikipedia

Current status

Shut down 2020

The rise & fall

6 moments · 2018–2021

The key moments.

Aug 2018

Founded with $1B already raised

Jeffrey Katzenberg and Meg Whitman sell Hollywood on “quick bites” of mobile TV before a product exists.

Variety

Apr 2020

Launches into lockdown$1.75B

A mobile-only, on-the-go streaming service arrives two weeks into a stay-at-home pandemic.

Variety

Jul 2020

The free trials don't convert

Analytics firms peg paying conversion under 10%; downloads crater after launch week.

CNBC

Oct 2020

Shuts down six months after launch

Katzenberg and Whitman announce the wind-down with most of the $1.75B burned.

WSJ

Jan 2021

Roku buys the library

The shows resurface as “Roku Originals” for a reported ~$100M.

CNBC

$1.75Bof peak value erased · 2 years

How it happened

Quibi was a short-form mobile streaming service led by Jeffrey Katzenberg and Meg Whitman that raised about $1.75B before launch, valuing it well above $1B. Launched in April 2020, it failed to attract subscribers amid the pandemic and poor product-market fit, and shut down in December 2020 just months after debut, having burned nearly all its capital (~-100%).

Source: Burned $1.7B

Where they went

Meg Whitman
CEO
Not on record
Jeffrey Katzenberg
founder & chairman (co-founded DreamWorks; recruited Whitman to run it)
Co-Founder & Managing Partner at WndrCo
source ↗

Current roles as reported by the linked sources, retrieved 2026-08-19. See our methodology.

Disclosed investors (13)

Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.

* Lead in a funding round · Crunchbase ↗ · 2026-10-13 · Methodology · Leaderboard