Clubhouse

The audio-based social media startup Clubhouse announced Sunday it had secured an undisclosed amount of funding in a  Series C round led by existing investor Andrew Chen, of Andressen Horowitz, as it looks to scale up in face of rising competition. What Happened: Clubhouse named DST Global, Tiger Global Management, and Elad Gil as investors who participated in the funding round, which according to a Reuters report, values the company at $4 billion.  Bloomberg News had earlier this month reported that the startup is looking to raise fresh money at a $4 billion valuation. The fresh funding comes just three months after its previous funding and amid a growing interest of rivals in launching a similar product.  See Also: Twitter Looked To Acquire Clubhouse In $4B Deal: Report Facebook Inc (NASDAQ: FB) will on Monday announce a suite of new audio products, including its own take on Clubhouse, as well as a push into podcasts aided by Spotify Technology S.A.  » Read More

Shanghai-based 5Y Capital holds shares in Trip.com, SenseTime, Xpeng and other heavyweights.   © Reuters EUDORA WANG, DealStreetAsiaApril 18, 2021 10:13 JST | ChinaHONG KONG -- 5Y Capital, a Chinese venture capital firm that has backed smartphone brand Xiaomi and short-video app Kuaishou, has closed an unspecified number of dollar- and yuan-denominated funds totaling more than 13 billion yuan ($2 billion).5Y Capital did not disclose details such as the number and names of its newly closed funds, nor their respective sizes. It did not immediately respond to DealStreetAsia's request for comments.This fundraising "significantly exceeded the firm's original target and hit the hard caps in a very short time after initial launch," the firm said Monday on LinkedIn. Investors include new and existing long-term limited partners from China and elsewhere, it said.The latest U.S. dollar funds alone, which include 5Y Capital's early-stage venture fund and its first-ever growth fund, brought in over $1.7 billion.Formerly known as Morningside Venture Capital,  » Read More

Clubhouse is the hottest social media start-up since Snapchat burst on to the scene a decade ago. Clubhouse is a flash in the pan whose mooted $4 billion valuation will, in retrospect, be seen as a moment of pandemic-induced madness.For the year-old company, both narratives are raging. Here are the facts. The audio chatroom app topped 10 million weekly active users in late February, even though it was invitation-only (it still is) and was not available on Android phones — 84 per cent of the market. It hit the headlines as a buzzy meeting space where Tesla founder Elon Musk would drop in to conversations, along with A-list Hollywood stars, comedians and tech bros.It is fair to say that Clubhouse, created by entrepreneur  » Read More

(Photo by Julio Aguilar/Getty Images) The WNBA is only 25 years old as of this year; many are trying to compare it to the NBA, which is 50 years ahead in terms of revenue. It is an unfair comparison the WNBA has not been as profitable as its counterpart, but the league is moving in the right direction. This past off-season, the players association, and the league agreed on a new collective bargaining agreement. The new deal includes an increase in player salary, benefits, and the top players’ compensation has tripled to $500k. The question is now how can the league continue to build on what they have already accomplished. On Friday afternoon, both Karen Russell and Sue Bird were on the Clubhouse App and discussed that exact topic. “The biggest loss was Kobe’s daughter Gianna Bryant and one of my transformative moments on this app was actually mourning the loss of Kobe Bryant and his daughter, said Russell. “It was the pivotal moment where I said I was going to go all-in on this social media app because I can connect with like-minded people.  » Read More

Season Bennett is a barbershop owner who uses the Clubhouse mobile app to earn tens of thousands of dollars a month. Last year she made six figures with it. CHARLOTTE, N.C. — Clubhouse, a relatively new mobile app, is paving the road to prosperity for Charlotte entrepreneurs like Season Bennett, who earned $60,000 on the platform in just one month. "The early people really win. They've already got their audience and they've got their foot in the door before everybody else," Bennett said describing her early entry into using the app. Clubhouse facilitates conference calls via virtual rooms and is somewhat exclusive. requiring an invite from a current user to join. There's no video and it will not let you record calls without permission, but if you get invited to a discussion with an influencer who has a huge following the exposure can be lucrative. Bennett remembers the first time she participated in a Clubhouse chat. When she booked a one-on-one consult she saw dollar signs. "I realized, oh my gosh… I know how to teach classes online.  » Read More

Hi, this is Amanda Perelli and welcome back to Insider Influencers, our weekly rundown on the business of influencers, creators, and social-media platforms. Sign up for the newsletter here. In this week's edition:A new startup is helping influencers create and sell productsThe exact media kit a TikTok influencer house uses to land brand dealsHow TikTok is shaping beauty and skincare brand trendsA look inside the influencer council of fintech giant KlarnaAnd more including influencer Tana Mongeau becoming a talent manager and accepting applicationsSend tips to aperelli@insider.com or DM me on Twitter at @arperelli. Screen shot of Pietra Studio A new startup is helping influencers design and manufacture their own productsA new startup called Pietra is launching a marketplace for influencers to create their own product lines.  » Read More

Steve is the Founder & CEO of MuteSix, a leading performance marketing agency that has scaled the world’s fastest-growing e-commerce brands. getty CEOs, business leaders and celebrities alike can’t seem to stop talking about Clubhouse, the buzzy, invite-only audio chat app that launched in April 2020. The new social media platform started to infiltrate the tech community late last year and is now valued at a reported $1 billion with millions of users. Industries spanning beauty, food and fashion are now flocking to the app, and Facebook is already rumored to be working on a competitor.  Clubhouse has given thought leaders and experts a space to connect in a setting that is arguably more casual and interactive than LinkedIn. Its format of "rooms" allows individuals to join, host and listen in on discussions. I like to think of it as a cross between a webinar and a podcast.   » Read More

The popular Clubhouse community app has recently become an event. It is only available on iOS, but its developer has announced the immediate arrival of the app on Android smartphones.Until now, Clubhouse has been an exclusive app for iOS users. This was also the case A boon to some sites Competitors who recently introduced the hotline and started offering clubhouse-like features like Facebook.For now, there is no Android version of the Clubhouse app, A lack that provided bad ideas for some misconceptions. In fact, hackers used the platform’s invitation system to spread a Trojan on a large scale, believing victims to be able to download the Android version of the app.Clubhouse is coming to Android soonClubhouse developer Mobeva Okundip recently announced on his Twitter account that the Android app will soon be available to end users. In his tweet, Mobeva’s profile can be found on the iPhone app and the Google Pixel phone. According to Morgan Evets, the Android version will be available by the end of May.According to the latest figures updated in February 2021,  » Read More

How does Clubhouse compare to other platforms? While there’s no doubt Clubhouse offers a unique, unparalleled social experience, this doesn’t necessarily mean it will replace the other big players any time soon.“We’re still using other platforms, and with the massive audiences these platforms have, it doesn’t seem like that will change,” says Shannon. “We think each app has a purpose and a place. Our challenge on behalf of the brands we represent is to provide the right information that the consumer is looking for in the right place and continue to develop authentic and engaged communities.”There are definitely things Clubhouse can’t compete with, says Marshall. For instance, it doesn’t offer recording, or the option to replay audio. You also can’t share directly, or share imagery or video. This, she believes, means Clubhouse won’t replace the platforms that offer these features.That being said, it is unique enough that other existing players won’t be able to easily compete. While platforms such as Instagram, Facebook and TikTok, for instance, offer competing features, Clubhouse is in a league of its own (for now anyway!)As a reputable influencer who works in beauty and is a woman,  » Read More

(Photo by Kevin C. Cox/Getty Images) When sports fans rank their top ten or twenty players to ever play in the NBA, They would mostly name Michael Jordan in the number one spot and LeBron James right behind him or in the top-five in today’s era. However, If you ask Nelson Dukes, his list goes as follows: Michael Jordan Wilt Chamberlain Magic Johnson Kareem Abdul Jabar Kobe Bryant Bill Russell Tim Duncan Larry Bird Hakeem OlajuwonOscar Robertson Shaquille O’Neal LeBron James Dukes has a room on the Clubhouse app called WALKLIKEUS, the list has been made fun of for months, but the list has been discussed on ESPN, FS1, and Clubhouse by current players, former players’ current analyst, and fans. They have all tried to change Dukes’ mind, but if you listen to him, he makes a compelling argument for why his list is the way it is.  » Read More