Clubhouse, which led an investment round in January at a reported valuation of about $ 1 billion, now believe it’s worth it four times over, Bloomberg reported on Tuesday.
A new round of funding that the audio app is negotiating with investors could cost the company about $ 4 billion, sources told the news agency, although it’s unclear how much Clubhouse wants to raise or which investors are participating. ‘
Bloomberg noted that Clubhouse would quadruple its own valuation within a few months, reflecting the “astronomical expectations” of investors, which is a bit of an understatement, as the company was only launched a year ago and has yet to have live audio talks. proof can not earn as much income. Like the Information noted back to clubhouse reaches a valuation of $ 1 billion, there is not even An Android version of the app, and the company too earn no money. RAt the moment it is still in the dollar-draining phase of its operation, trying to attract lazy influencers with cash incentives to lay the foundation for monetization. There is also the risk that Clubhouse’s live, public sound space is primarily so popular, as the ongoing coronavirus pandemic prevents users from anything interesting than attending virtual seminars.
By Bloomberg, Investment firm Andreessen Horowitz valued Clubhouse at about $ 100 million before January:
Andreessen Horowitz is a major impact on the app. It initially valued the parent company at $ 100 million for the year investment in January at ten times the valuation. (Bloomberg MP, the parent company of Bloomberg News, has invested in Andreessen Horowitz.)
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Nothing is certain yet, and of course the news of impending deals tends to appear if one of the interested parties wants to place publicity in their favor. So we’ll see.
Clubhouse used to be mainly popular in Silicon Valley, where it attracted certain members of the venture capital range, technology workers and industry-focused journalists – not to mention a large group far-right agitators attracted by his loose moderation policy. (It also became a hub for rich VCs and various hangers-on-on to complain endlessly about “cancel culture.”This has since been proven to have a wider profession, boast a particularly lively Black community responsible for many of the clubhouses cultural cachet, and according to the New York resident, had about 10 million users in February. Brand is stream now to the app, and has an ecosystem of sister programs and audio instruments specifically designed to work with Clubhouse begin to flourish.
While it does not appear that Clubhouse is a flash in the pan, it will have to compete with a large and in some cases staggering range of applications that have eagerly jumped at the chance to clone its features. Facebook, Parent Company TikTok ByteDance, en Twitter, as well as applications from the business world LinkedIn and Slap, are all starting their own audio features.