Clubhouse, which led an investment round in January with a valuation of about $ 1 billion, now thinks it’s worth four times that, Bloomberg reported on Tuesday.
A new round of financing that the audio chat app is negotiating with investors could value the company at about $ 4 billion, sources told the news agency, although “it’s unclear how much look for Clubhouse or which investors are involved ”.
Bloomberg noted that the Clubhouse quadrupling its own valuation within a few months would reflect investors’ “astronomical expectations”, which is a bit euphemistic since the company was launched just a year ago and has yet to show talks. Live Audio Can Accumulate So Much Revenue Like the Information indicated when Clubhouse achieved a valuation of $ 1 billion it is not even an Android version of the app yet, and the company as well he is not making money. RHowever, he is still in the exploitation phase of the dollar of his operation, trying to attract influential influencers. with cash incentives to lay the groundwork for monetization. There’s also the risk that Clubhouse’s public and live audio chat rooms are mostly so popular right now because the ongoing coronavirus pandemic is preventing its users from doing nearly as much. nothing more interesting than attending virtual seminars.
For Bloomberg, investment firm Andreessen Horowitz valued Clubhouse at around $ 100 million more or less before January:
Andreessen Horowitz has been a major boost to the app. Initially, it valued the parent company at $ 100 million before the investment in January in ten times this valuation. (Bloomberg LP, the parent company of Bloomberg News, has invested in Andreessen Horowitz).
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Nothing is certain yet, and of course, news of impending deals tends to pop up when one of the stakeholders wants to push advertising in their favor. This is how we will see it.
The clubhouse used to be popular mainly in Silicon Valley, where it attracted certain members of the venture capital group, technology workers, and industry-focused journalists, not to mention a fan base. far right agitators attracted by his loose moderation policies. (It has also become a hub for wealthy VCs and various hangers-from now on complain non-stop on “canceling culture.”) It has since been shown have a broader appeal, presuming a particularly vibrant Black community responsible for much of the Clubhouse cultural cache, and according to the New Yorker, had about 10 million users in February. Brands are now gathering to the app, and has an ecosystem of sister apps and audio tools designed specifically for use with Clubhouse it began to bloom.
Even if the Clubhouse doesn’t prove to be a flash, it will have to compete with a huge and, in some cases, baffling range of applications that have eagerly jumped at the chance to clone its features. Facebook, Parent company of TikTok ByteDance, i Twitter, as well as business applications LinkedIn i Flow, everyone is in a hurry to launch their own audio chat features.