Member-only story
How to Make Money From Clubhouse
A new era for venture capital and social media is emerging with this social app, and users could get rich from it if they act now.
It used to be that venture capital investors were the ‘behind-the-scenes’ money managers, quietly working their connections and influence to help startups grow their business.
Not anymore.
With the new social media app Clubhouse, they are moving from coaches on the bench to players on the field.
Money managers cum social media influencers
Beta launched in March 2020, Clubhouse had just 1,500 users in May 2020 but was valued at US$100 million after a US$10 million seed round led by one of the most respected venture capital firm in the world — Andreesen Horowitz (a16z). On January 24th, 2021, after amassing just two million users, a16z invested another US$100 million at a valuation of one billion, officially turning Clubhouse into a unicorn.
If you haven’t heard about Clubhouse, it’s a simple app that allows users to create what basically amounts to a virtual version of those panel discussions usually held onstage at big conferences.
