Clubhouse, which led an investment round in January to a reported valuation of about $ 1 billion, now he thinks it’s worth four times, Bloomberg reported Tuesday.
A new round of funding for the audio chat app that is negotiating with investors could value the company at about $ 4 billion, sources told the news agency, although it is unclear how much Clubhouse is looking to raise or which investors are participating.
Bloomberg noted that Clubhouse quadruples its own rating in just a few months would reflect investors’ “astronomical expectations”, which is a bit underestimated, given that the company was launched only a year ago and has yet to prove live audio conversations. can earn so much income. As the Observed information back when Clubhouse reached a valuation of $ 1 billion there it’s not really an Android version of the app yet, and the company as well don’t make money. RHe is now still draining the dollar of his operation, trying to lure buzzy influencers. with cash incentives to lay the groundwork for monetization. There is also a risk that Clubhouse’s public and live audio chat rooms will be primarily so popular at this time, as the ongoing coronavirus pandemic prevents users from getting close. something more interesting than participating in virtual seminars.
For Bloomberg, investment firm Andreessen Horowitz valued Clubhouse at about $ 100 million before January:
Andreessen Horowitz was a major boost for the app. Initially, the parent company valued $ 100 million before investment in January 10 times higher than the evaluation. (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 transactions tends to appear when one of the stakeholders wants to promote advertising in their favor. So we’ll see.
Clubhouse was primarily popular in Silicon Valley, where it attracted certain venture capitalists, tech workers, and industry-focused journalists — not to mention a mustache coterie. far right agitators attracted to them lose moderation policies. (It has also become a hub for rich VCs and various hooks-on to complain endlessly about “cancel the culture”.) Since then it turned out to have a wider appeal, boasting A particularly vibrant Black community responsible for much of the Clubhouse cultural character, and in accordance with New Yorker, had about 10 million users in February. The brands are now it’s crowded to the application and has an ecosystem of sister applications and audio tools designed specifically for use with Clubhouse it began 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 range of applications that have eagerly missed the chance to clone their features. Facebook, Parent company TikTok ByteDance, and Twitteras well as business applications LinkedIn and Slack, everyone is in a hurry to launch their own audio chat features.