Quibi

Quibi raised $2B pre-launch for 10-minute videos

Shaan notes that Quibi, the short-form video startup from DreamWorks founder Jeffrey Katzenberg (who sold DreamWorks for $4 billion), raised $2 billion before it had even launched.

“He sold DreamWorks for $4 billion, and now he's got a new startup idea, and he's raised $2 billion pre-launch for this thing called Quibi, which is basically like short 10-minute videos.”