| We tried our best to not cover Clubhouse earlier in our newsletter. It was too easy — VCs, startup owners, and Elon Musk talking about GME and Bitcoin cover what seems to be a grown-up version of Party Line (dating ourselves here)… or like Zoom without the Video… or a live Podcast… or IRC with sound… or Discord… They needed to pay their dues, couldn’t any of the FAANG companies build this technology in a hackathon? But Clubhouse has shown that if you build a user base, the funding will come. Let’s take a quick look at their extensive history: April 2020 – Clubhouse launched on iOS. May 2020 – The social networking app was valued at nearly $100 million with only 1,500 users in beta. January 2021 – Clubhouse’s valuation reached $1 billion. April 2021 – Twitter is Rumored to acquire Clubhouse for $4 billion. We can’t say that we understand it, but we respect it. |
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