Quibi burned 2 billion dollars of VC funding in 6 months

21 October, 2020 · ~622,110 views (est.) · 2,670 likes · 820 reposts

Entrepreneurship Tech Economics

Imagine burning $2 billion dollars of VC funding in 6 months

That's $10 million per day

$455,000 per hour

$7,589 per minute

$126 per second

www.wsj.com/articles/quibi-weighs-shutting-down-as-problems-mount-11603301946

Originally posted on X · 💬 110 replies — add yours

P.S. I'm on 𝕏 too if you'd like to follow more of my stories. And I wrote a book called MAKE about building startups without funding. See a list of my stories or contact me.

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1 Nov Nestle's Nesquik gets nutri-score a from EU Commission and WHO 𝕏
25 Oct The Bootstrapped Founder Podcast: Indie hacking is dead, now what?
24 Oct Headspace was started at 38 by former monk Andy Puddicombe who exited at 50 𝕏
5 Oct If I was 18 today I’d skip uni and go nomad building startups 𝕏
25 Sep Actionable marketing tactic to get tiktok videos about your app for $100-$300 𝕏
19 Sep Indie hacking died after its 7-year cycle and became part of the status quo 𝕏
9 Sep I asked GPT4 which countries you should invest in real estate 𝕏
7 Sep Unbothered writing vanilla JavaScript while web dev Twitter fights over TypeScript 𝕏
6 Sep Why national postal services are so bad at delivering packages and Amazon is so good 𝕏
24 Aug Office trends cycle every 7 years from cubicles to open offices and back 𝕏
8 Aug Invested in Brazil after traveling there for a month 𝕏
4 Aug Good example is GoJEK a super app in Asia where you can do everything from ordering an Uber to massage and investing 𝕏
2 Aug Why fold into wall beds never became a big thing 𝕏
29 Jul $1,000,000 mortgage costs $2,217,160 total with interest 𝕏
22 Jul How to feel like you're getting ahead but actually procrastinate 𝕏
13 Jul Luxury restaurant in Portugal won't accept Visa or MasterCard but barefoot food cart guy in Brazil does 𝕏
13 Jul MacBook adaptor costs $220 in Brazil instead of $99 due to import taxes 𝕏
13 Jul Portuguese have a weird love/hate obsession with Brazil 𝕏
3 Jul Photo AI is almost 14,000 lines of raw PHP making $61,808 per month 𝕏
29 Jun Aspartame is proven to cause cancer in soda drinks 𝕏
24 Jun Wagner coup is like when you hire a web dev and give GitHub access and he takes over your site 𝕏
22 Jun Almost nobody I know in Asia wants to move to America anymore 𝕏
20 Jun Big Dutch dairy company wants me to help create their AI strategy 𝕏
17 Jun While the EU fights about nuclear energy China plans 150 new reactors 𝕏
15 Jun I wish everywhere had these power outlets that accept any plug from US UK EU plus USB-C 𝕏
14 Jun Photo AI adds try on mode for AI clothing models 𝕏
13 Jun So why do you have a sticker over your webcam 𝕏
10 Jun First class in America vs first class in Asia 𝕏
5 Jun US flag stripes come from Indonesia's Majapahit empire 𝕏
4 Jun Drinking alcohol negatively affects the liver and leads to fatty liver called cirrhosis 𝕏
20 May Thailand is a third world country 𝕏
14 May Only losers go to networking events 𝕏
29 Apr Easiest hack to save lots of money is registering as a company 𝕏
15 Apr Casio watch face for Apple Watch 𝕏
6 Apr Buenos Aires is now #1 on Nomad List thanks to cheap currency 𝕏
18 Mar Two types of people now 𝕏
11 Mar If I was just out of school I'd fly to Bangkok to bootstrap my startup for $240 a month 𝕏
5 Mar We need more makers less coaches 𝕏
18 Feb VC startup $100M exit nets 4 cofounders $47 per hour after dilution and taxes 𝕏
11 Feb Digital nomads you are fucking disgusting graffiti in Portugal 𝕏
10 Feb My new project Photo AI a photorealistic AI photo studio 𝕏
6 Feb Google AI launches are all press releases without functioning products 𝕏
16 Jan My new AI model is great 𝕏

2022

29 Dec Airbnb hosts with strict rules and deposits versus easy hotels 𝕏
19 Dec I proved people now have AI bots using ChatGPT to reply to tweets 𝕏
15 Dec Music generated by finetuning Stable Diffusion on spectrograms then generating any song possible 𝕏
10 Dec The real opportunity in AI for most people is building a front end around it 𝕏
2 Dec Indonesia makes sex outside marriage illegal even in Bali while Thailand gets more progressive 𝕏
25 Nov My biggest idea people aren't ready for is 2 dishwashers 𝕏
11 Nov My GitHub contribution graph from 2014 to 2022 𝕏
7 Nov Sold $100,000 in AI-generated avatars with AvatarAI.me in 10 days 𝕏
28 Oct Create your own AI avatars with my new mini project avatarAI.me 𝕏
18 Oct People asked me about my ergonomic desk set up 𝕏
10 Oct Asking successful people about their tech stack is focusing on the wrong thing 𝕏
4 Oct How I built Interiorai.com from scratch in 5 days 𝕏
26 Sep Don't make the goddamn app build a functional mobile site instead 𝕏
18 Sep This House Does Not Exist
9 Sep The best jobs are 100% remote 100% async with no scheduled meetings no whiteboard interviews and no monitoring systems 𝕏
5 Sep My new project thishousedoesnotexist.org lets you generate AI ArchDaily style houses 𝕏
3 Sep Ordered custom tailored 100% cotton shirts from son of a tailor 𝕏
2 Sep How to generate AI images with Stable Diffusion on MacBook M1/M2 for free 𝕏
19 Aug Non-alcohol socializing will be a big industry as people drink less alcohol now and in the future 𝕏
17 Aug Craigslist has the most usable UX ever made 𝕏
31 Jul Edgy opinions that will be mainstream within 10 years 𝕏
28 Jul Todo.txt users sit at both ends of the IQ bell curve 𝕏
14 Jul My First Million Podcast: Sam Parr + Shaan Puri asked me about bootstrapping, open startups and lifestyle inflation
5 Jul The secret of Portugal is to leave Lisbon as fast as possible 𝕏
11 Jun Why offices suck 𝕏
6 Jun European sign calls remote workers a plague and tells them to leave 𝕏
16 May Life Done Differently Podcast: Thinking and doing for yourself
15 May Top rising and falling destinations for remote workers in 2022 𝕏
10 May Building Remotely Podcast: Relocation of remote workers
16 Apr Flying is so stressful it's not a luxury product anymore 𝕏
28 Mar How to avoid microplastics 𝕏
24 Feb I just became a supporter of Ukraine's army for $1,000/mo 𝕏
22 Feb The endless loop of getting ideas starting projects and telling everyone 𝕏
21 Feb EU will require all job postings to show a salary range from August 𝕏
7 Feb A crazy thing I realized about people more and less successful than you 𝕏
26 Jan Indie Hackers Podcast: Money, happiness and productivity as a solo founder
25 Jan A corner office in 2002 vs 2022 𝕏
20 Jan Wannabe Entrepreneur Podcast: Bootstrapping, moving to Portugal and setting up Rebase
11 Jan What advertising wants you to think makes you happy 𝕏

2021

15 Dec If you have $100,000 in savings you're losing $2,000 per month from inflation 𝕏
12 Dec If I didn't travel in my early 20s I'd be working an office job instead of a $10m+ business 𝕏
23 Nov Web4 will be finally closing our computer and going outside 𝕏
7 Nov Only 4 out of 70+ projects I ever did made money and grew 𝕏
31 Oct Me when I deploy to production without testing 𝕏
30 Oct Pov building an immigration-as-a-service startup 𝕏
13 Oct Building a product in the dark without letting people use it early on is the best way to make something nobody wants 𝕏
9 Oct The more I learn the less advice I want to give 𝕏
6 Oct Rich and anonymous is the new rich and famous 𝕏
13 Sep Lisbon is now the most visited city on Nomad List 𝕏
9 Sep Made a fully functional fake VS Code to browse remote jobs without your boss finding out 𝕏
6 Sep Chinese companies are silently ending US tech dominance 𝕏
20 Jul You only need 26 customers paying you $99/mo to make an average U.S. income 𝕏
26 Jun 3 of my close friends were hacked this month because they didn't have 2FA 𝕏
6 Jun I just bought my first billboard in front of Apple's headquarters 𝕏
6 Jun Fastest growing remote work hubs Mexico Canary Islands Dubai Miami Medellin 𝕏
12 Apr Photopea makes almost $1M/y built by Ukrainian indie maker with vanilla JS 𝕏
12 Apr Remote OK is a single PHP file generating $101,101 this month 𝕏
25 Mar The next frontier after remote work is async
25 Mar Why I'm unreachable and maybe you should be too
19 Mar List of all my projects ever
13 Mar This is why I don't do calls 𝕏
8 Mar Why coliving economics still don't make sense
14 Feb Inflation Chart: the stock market adjusted for the US-dollar money supply
3 Feb Delete your day trading app, hit the gym, buy ETFs and thank me in 20 years 𝕏
10 Jan I did a live 4+ hour AMA on Twitch w/ @roxkstar74
9 Jan Rest in peace Hubud Bali where I wrote the first lines of Nomad List 𝕏

2020

20 Dec No one should ever work
19 Dec This is the most exciting time in history to start a company online 𝕏
10 Dec Normalization of non-deviance
5 Dec Copywriting for entrepreneurs: explain your product how you'd explain it to a friend
30 Nov Entrepreneurs are the heroes, not the villains
12 Nov The future of remote work: how the greatest human migration in history will happen in the next ten years
5 Nov Building Remotely Podcast: Will millions of remote workers become location independent in 2021?
2 Nov Overengineering everything is the disease of modern day developers 𝕏
28 Oct The floor is profit 𝕏
21 Oct I'm building a new mini startup this week after finding an idea road tripping in Portugal 𝕏
21 Oct Quibi burned 2 billion dollars of VC funding in 6 months 𝕏
2 Oct 2020 sucked so I'm giving away another MacBook Pro 16" to cheer people up 𝕏
21 Sep RemoteOK.io is a single PHP file generating $65,651 this month 𝕏
28 Aug This week I built a startup idea generator with GPT-3 𝕏
24 Aug Perfection paralysis stops you from getting things done 𝕏
12 May Twitter will allow employees to work from home permanently 𝕏
2 May I added a fake Japanese city called Dorobō to Nomad List to catch data thieves 𝕏
11 Apr Product Hunt Podcast: 5 years in startups with Abadesi
20 Mar Asia had SARS so they test and isolate but the west tries its own thing 𝕏
1 Mar Air pollution before and after Corona 𝕏
11 Jan Twitter giveaways can be hacked to win every time

2019

2018

27 Dec Overnight success is the biggest myth: 10 years and 98% failed projects to make $100k/mo 𝕏
15 Dec Odds of launching something successfully 𝕏
5 Dec Photopea is a 100% free browser version of Photoshop and it's better 𝕏
5 Dec Why is our entire society built around the idea that sleep literally doesn't matter? 𝕏
24 Nov In Beijing you can add your public transit card to Apple Wallet 𝕏
23 Nov Beijing air turned into hell on earth this weekend from weekend driving 𝕏
23 Nov Every receipt in Beijing gives you a QR code for digital bookkeeping 𝕏
19 Nov Beijing today 𝕏
18 Nov The foundations of geopolitics by Aleksandr Dugin describes our current world with scary accuracy 𝕏
14 Nov How to get an idea for your startup from Craigslist 𝕏
8 Oct Map of every European city 𝕏
1 Oct Visited my favorite fintech Revolut's office in London and met the co-founder 𝕏
26 Sep Launched no more Google on product hunt 𝕏
3 Sep Walmart vs Google revenue and profit per employee 𝕏
2 Sep The more religious a country, the less productive it is 𝕏
18 Aug Why Europe can't do tech: low risk tolerance chart 𝕏
11 Aug Top 5 regrets before death 𝕏
29 Jul Internet speed vs murder rate 𝕏
27 Jul Barriers of entry to building a startup have never been so low 𝕏
18 Jul The internet complains about facebook selling data but wants indie apps for free 𝕏
14 Jul The first trillion dollar company is Norway's oil fund 𝕏
4 Jul EU is making it impossible for startups to operate 𝕏
8 Jun You learn a lot about someone when you share a meal together 𝕏
27 May Went to a robot hotel with self check-in and no humans 𝕏
23 May Blocked by a member of the European Parliament 𝕏
7 Apr Sitting in traffic each morning to stare at a screen for 40 years is capitalism's greatest con 𝕏
1 Apr People forget how much advantage you have in 2018 as an indie business 𝕏
21 Mar Building a startup: what people think vs reality 𝕏
20 Mar Don't quit your job until side project revenue surpasses it for 6 months 𝕏
12 Mar My book MAKE on bootstrapping startups is now live on Product Hunt 𝕏
6 Mar Brazil hackers built an AI bot that finds anomalies in public spending 𝕏
26 Feb I just passed $52,843 in monthly revenue 𝕏
29 Jan I'm Product Hunt's Maker of the Year again!
28 Jan Why Korean Jimjilbangs and Japanese Onsens are great
26 Jan Using osx’s screenshot tool as a screen ruler 𝕏
24 Jan Turning side projects into profitable startups
17 Jan Indie Hackers Podcast: Confronting fears and taking a leap
3 Jan What I learnt from 100 days of shipping
2 Jan Money should buy freedom from employment not Bentley cars and Rolex watches 𝕏

2017

2016

2015

2014

2013

2012

30 Dec Unless the job itself is your dream, stay the fuck away from salaried jobs
30 Nov Success is One Big Hoax
26 Oct FML - OCTOPU$$Y
18 Oct The death of the corporate drone
13 Oct The West's unemployment problem is permanent
12 Oct UPSKRT - Brynn's Theme
4 Oct New Panda Mix Show branding and website
29 Aug Headhunterz - Power of Music
21 Aug Essendle interview on my music and my YouTube show
7 Aug The XX - Angels
2 Aug Anna Lunoe & Diamond Lights - Stronger (Willy Joy Remix)
2 Aug Spenzo - Ova
10 Jul Herve feat. Ronika - How Can I Live Without You (Make it Right) (Death Rose Cult Remix)
9 Jul Pheo - Nyquil
5 Jul Why buying YouTube views is bad
5 Jul Citizen - Deep End
5 Jul I love minimalist living
3 Jul D!RTY AUD!O intro
1 Jul Anybody can monetize their passion (now)
28 Jun Diplo - No Problem
27 Jun Skream - Thoughts of You
21 Jun TEED - Blood Pressure
19 Jun Today is the first day of the rest of your life
17 Jun Happiness maximization vs. profit maximization
16 Jun Music genres are dead
15 Jun Make a great product
8 May Redlight - Get Out My Head (UPSKRT Remix)
15 Jan Rasa - Noem 't Wat Je Wilt
2 Jan Tyga - Coconut Juice (Crave x UPSKRT Remix)

2011

2010

27 Jun My Drum & Bass and Dubstep merch line on Spreadshirt

2009

2008

2004

1998

2 Jan I made the Internet Huis where you can walk around in my house online

1997

24 Feb I made a homepage for my brother Jeroen in 1997

1996

14 Mar I made my first homepage in 1996