Clubhouse Mania

Clubhouse just raised their Series B at a $1b valuation a couple days ago led by a16z. The fundraise caught a lot of flak for many reasons but most notably that the company makes $0 in revenue.

My take is that Clubhouse very well could become the next big social media app if it isn’t already. People are quick to point to revenues as a reason for why the $1b valuation is not justified, but investors put money into companies for the prospect of future value, not current value.

Quite frankly, I believe Clubhouse gets a bad rap often for their rollout and the perceived exclusivity. In other ends, many are envious. I can’t help but to admit that I was one of them many months ago. Tech elites and celebrities were quick to get invites while the layman was left reading about what was happening on the app.

I have a hunch that many are sitting on the sidelines resisting because they think they are too cool for the app. That’s okay. I don’t hate the decision to not participate in the next fad. Just remember that things are always “weird and stupid” at first until everyone else catches on. See Myspace, Facebook and Snapchat.

I finally caved this past weekend and joined Clubhouse. I’ve used it sparingly but in the pockets of time that I’ve used it, I’ve come to realize the potential power of the app.

Creators will have another medium. Friends can decide to meet up and have a catch-up conversation quickly. You can meet people quickly and easily. It’s a live podcast.

There are so many uses of Clubhouse that nearly every niche of the internet may have their own way to use it. Not many platforms can say the same thing.

Yes, it may be overvalued at $1b, but no one will be complaining at that valuation when it hits $100b in the next few years. Just wait and watch.