Is the Lean Startup concept of MVP dead?
VC Cafe
JULY 26, 2020
In 2018, Quibi (back then called NewTV), raised $750 million in seed capital pre-launch (the service went on to raise an additional $1 billion ahead of the product launch in March 2020). The fundamentals (unit economics/ margins, CAC>LTV, the importance of retention) are more important now. Cash (alone) isn’t king.
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