Clubhouse, which led an investment round in January with a reported valuation of about $ 1 billionNow he thinks he’s worth four times as much Bloomberg reported on Tuesday.
A new round of funding that the audio chat app is negotiating with investors may value the company at around $ 4 billion, sources told the news agency, though “it’s unclear how much Clubhouse is looking to raise or what. investors are participating. “
Bloomberg noted that Clubhouse quadrupling its own valuation in the span of a few months would reflect “astronomical expectations” from investors, which is a bit of an understatement given that the company launched just a year ago and has yet to test audio conversations. broadcast live. it can generate so much income. As the Annotated information back when Clubhouse reached a billion dollar valuation, not even an android version of the app yet, and the company too you are not making money. Right is now still in the phase of its dollar drain operation, trying to attract animated influencers with cash incentives to lay the foundation for monetization. There is also a risk that Clubhouse’s live public audio chat rooms are primarily so popular right now because the ongoing coronavirus pandemic is preventing their users from doing nearly something more interesting than attending webinars.
According to Bloomberg, Investment firm Andreessen Horowitz valued Clubhouse at around $ 100 million before January.:
Andreessen Horowitz has been a huge driver of the app. It initially valued the parent company at $ 100 million before the investment in january to 10 times that rating. (Bloomberg LP, the parent company of Bloomberg News, has invested in Andreessen Horowitz.)
Nothing is certain yet and, of course, news of impending deals tends to appear when one of the stakeholders wants to push the publicity in their favor. Then we’ll see.
The clubhouse used to be mostly popular in Silicon Valley, where it attracted certain members of the venture capital pool, tech workers, and industry-focused journalists, not to mention a clique of fanatics and far-right agitators attracted by his loose restraint policies. (It has also become a hub for wealthy VCs and various hangers-on to complain incessantly about “cancel culture”.) Since then it has been tested have a broader appeal, boasting to particularly vibrant Black community responsible for much of the Clubhouse cultural prestige, and according to the New Yorker, had about 10 million users in February. The brands are now they come to the app, and an ecosystem of sister apps and audio tools designed specifically for use with Clubhouse started to bloom.
Even if Clubhouse doesn’t turn out to be a flash in the pan, it will have to compete with a huge and in some cases bewildering array of apps that have seized the opportunity to clone its features. Facebook, Parent company of TikTok ByteDance, and Twitter, as well as applications from the business world LinkedIn and Loose, are rushing to launch their own audio chat features.