Clubhouse, which led an investment round in January at a reported valuation of about $ 1 billionnow believes it is worth four times as much, Bloomberg reported on Tuesday.
A new round of funding the audio chat app is negotiating with investors could value the company at around $ 4 billion, sources told the news agency, although it is “unclear how much Clubhouse is trying to raise or which investors are participating.”
Bloomberg noted that quadrupling its own valuation in the space of just a few months would reflect investors’ ‘astronomical expectations’, which is a bit of an understatement given that the company was founded only a year ago and not yet it has been shown that live stream audio calls can be made. can bring in so much income. Like the Information noted then Clubhouse there reached a valuation of $ 1 billion disagrees an Android version of the app, and the company too does not make money. R.At this point, it is still in the dollar-depletion stage of its operation, trying to lure buzzy influencers with financial incentives to lay the foundation for monetizationThere’s also the risk that Clubhouse’s live, public audio chat rooms are especially popular right now, as the ongoing coronavirus pandemic is keeping its users from just about something more interesting than attending virtual seminars.
Per Bloomberg, investment firm Andreessen Horowitz valued Clubhouse at about $ 100 million or so before January
Andreessen Horowitz is an important driver of the app. It initially valued the parent company at $ 100 million before the investment in January at 10 times that rating. (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 upcoming deals often comes up when one of the interested parties wants to push the publicity in their favor. So we’ll see.
Clubhouse used to be especially popular in Silicon Valley, where it attracted certain members of the venture capital group, tech workers and industry-focused journalists – not to mention a group of bigoted people and far-right agitators attracted by loose moderation policy(It has also become a hub for rich VCs and various pendants-On to complain endlessly about ‘cancel culture’.It has since been proven to have a greater appeal, to show off a particularly lively Black community responsible for much of the clubhouses cultural cachet, and according to the New Yorker, had about 10 million users in February. Brands are now en masse to the app, and an ecosystem of sister apps and audio tools designed specifically for use with Clubhouse began to bloom
Even if Clubhouse turns out to be no flash in the pan, it will have to compete with a huge and in some cases baffling array of apps that have eagerly seized the opportunity to clone its features. Facebook, TikTok parent company ByteDance, and Twitter, as well as business apps LinkedIn and Slack, are all rushing to launch their own audio chat features.