Situated between two prominent radiation events, the late Cambrian is understudied due to its lack of rock record, complex marine geochemical record, and low biodiversity. The study of reef evolution during this interval has also received less focus than surrounding intervals because of the lack of metazoan-based reefs, though microbial reefs are prevalent. However, the late Cambrian can provide valuable insights into the environmental controls on early reef development. Using fossil occurrences from the Paleobiology Database, Paleoreef Database, and a review of the primary literature, this study attempts to provide context for the conditions that may have influenced reef development in the Miaolingian and Furongian. Marine dissolved oxygen levels are the primary driver of reef diversity during this period, but ocean acidity, temperature, marine regression, nutrient load, and lack of supporting deep-water habitats may all have impacted metazoan reefs during the late Cambrian. A model is here proposed which suggests that metazoan reef abundances were low during the late Cambrian because of initial surface water anoxia that caused the extinction of metazoan reef builders in the late-early Cambrian, followed by exclusion of metazoans from reef environments due to deep water anoxia and marine regression. These inhibiting conditions were not necessarily concurrent but did collectively inhibit the growth of metazoan reefs until transgression in the Early Ordovician opened more shelf space for new reef development. This model provides a first step in exploration of these conditions during the late Cambrian and for reef development in general.