$1bn Clubhouse is about to join the social media giants

Facebook. Instagram. Snapchat. Is a nine-month-old audio chat app called Clubhouse about to join those mighty social media giants?That is the bet placed by Andreessen Horowitz, the blue-chip venture capital firm that last week invested a reported $100 million (£73 million) in the nascent company at an eye-watering $1 billion valuation. The injection, led by Uber executive-turned-investor Andrew Chen, is a doubling down for Andreessen.Chen led an initial funding round in May that valued Clubhouse at $100 million even though it was a mere weeks old with just two employees: co-founders and former Google engineers Paul Davison and Rohan Seth.Why all the excitement? Clubhouse allows people to drop into “rooms” where chat topics range from spivvy cryptocurrency schemes to art, media, politics
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