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I ran Flextronics, one of the largest manufacturers in the world. I knew how to build things at scale. Construction seemed like the obvious next frontier. It wasn't obvious at all.
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I ran Disney Studios. I co-founded DreamWorks. I know entertainment. I raised $1.75 billion for Quibi and it lasted six months. Turns out I didn't know mobile.
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Sequoia backed us. Temasek backed us. Every name-brand investor in Asia wrote us a check. When that much money comes in that fast, it can make you believe you are infallible. You are not.
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Tiger Global gave us 768 million dollars in a single round. That kind of money makes you think you can conquer the world. You cannot.