Burned $1.75B on shows nobody watched on phones
Not YC-backed but a spiritual sibling. Raised $1.75B for 'quick bites' of mobile video. Launched during COVID when everyone was home with TVs and nobody wanted to watch premium content on a phone they couldn't even screenshot . Shut down after 6 months. $1.75B for a 6-month experiment. At least they had Turnstile.
Satirical project. Not affiliated with Y Combinator. All information from public records.