SAN FRANCISCO, May 24 — It’s a secret, almost. But Silicon Valley is buzzing over a new audio-chat social network which is struggling to keep people out even as it hits an eye-popping value. The invitation-only platform called Clubhouse lets people drop in on conversations ranging from weighty...
This handout photo taken on May 23, 2020 shows Sheel Mohnot, a fintech investor based in San Francisco, listening to a conversation on Clubhouse, an invitation-only app that has been the talk of the Silicon Valley for a few weeks. — AFP pic
Silicon Valley venture capital colossus Andreessen Horowitz reportedly invested US$12 million in Clubhouse at a valuation of US$100 million, edging out rivals eager to get into the hot startup. The startup has been helped by some celebrities such as actor Kevin Hart popping in to conversations which have been growing during the pandemic as people turn increasingly to social media.
Mohnot conceded that Clubhouse is benefitting from users having more time available due to the pandemic keeping them at home. He estimated he spends about 15 hours weekly on the service. But in the case of Clubhouse it’s not looking for the popular Silicon Valley term “eyeballs”, since it frees users from needing to be in front of screens.Some who haven’t been admitted to the Clubhouse, and even some who have been invited, have called the platform elitist.
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