Clubhouse

“Yeah, Clubhouse is probably the most recently announced one. I did a small check into that company.”

“I am exceptionally bullish on Clubhouse, more so than I've been about any company I've seen in a long time”

“Does it survive? Yeah, I think it does.”

“I think in the past year, there's probably been like Three really interesting consumer companies. It's been Clubhouse, OpenSea, and us.”

“Two out of three founders, OpenSea founder and Clubhouse founder all came from Pinterest, and a huge chunk of our team is actually now from Pinterest.”

“I see a lot of criticism on, of Clubhouse online that I don't fundamentally agree with, which is, oh, they didn't focus, focus enough on the community. They didn't nurture the community enough. I actually don't think that's the case. I think the format was fla…”

“And then we had a couple months where we just grew like 10 X every month.”

“Twitter is doing what they've done in the past, which is helping people broadcast to other people. And I think that, you know, the they've done a fine job at that, and it's pretty different from what I think we target at Clubhouse. And I can talk more about th…”

“We went from nine people to 95 people over the course of a year”

“So when we did our series A, the company was two of us. Rohan was doing all the engineering. I was doing all the pixels and we would collaborate a lot on product. It was just us.”

“Our average person, if you join a room on Clubhouse on, on average, you're there about 70 or 80 minutes a day. 30 to 40% of people are talking, depending if you look on a weekly or daily basis.”

“I don't want to be fully distributed.”

“Six months after the series A, the company was still probably like seven of us, eight of us.”

“When we launched Clubhouse, it was quite simple. It was a single room. The whole app was a single room. There was no audience. Everyone was a speaker. There was no follow up. Everyone followed everyone and you couldn't change that.”

“Live for content is really hard. From my perspective, Clubhouse is not about content. Clubhouse is about talking. Right. And like I was saying, 70 to 80 minutes a day, people are in these rooms and 30 to 40% of them are talking. They're hanging out with people…”

“So I believe that the company who wins is going to be company that is fully focused on that medium.”

“Right now, one of the things that we're doing is actually splitting the network up into many different networks. So anyone, any person, any group, any community can create their own private section within Clubhouse called a house.”

“I think Bubba Maraca has probably been the most helpful.”

“We had this app called Talkshow, which was like a more formal precursor to Clubhouse. It was a bit more broadcast-y and you know, we built it in a few weeks. There were hints of magic to it, but we didn't believe that it was going to be durable. It didn't seem…”

“We have actively seen more and more rooms going private and semi-private over time. So you actually only see a fraction of what's happening on the Clubhouse network when you open the app, and that's increasingly true over time.”

“We have years of runway right now.”

“As an investor in Clubhouse and Hopin, I have felt momentum go the other way, my friend.”

“I don't think so. I think it had COVID market fit. I think it had a bunch of people staying home, bored out of their minds, trying to figure out what to do, and it became, it was kind of this meme-worthy thing”

“If I had done reserves, I would have put money into Hopin, Clubhouse, and be real. That would not have been a good set of events.”

“And let's just pick on Clubhouse since you raised it. If you had taken a deep breath, looked at an offer, said, huh, from an IPO readiness perspective, where is this company? The objective answer to that question is no fucking where light years away.”

“My biggest mistakes in the last few years, honestly, Kevin, were be real, hop in, a clubhouse. I could have sold in all of them, and I didn't.”

“Oh, Clubhouse. That's when I should have sold. Should have sold Clubhouse. I had like the series A and I remember when that multi-billion dollar round came up, I actually put more money in because I'm an idiot.”

“Truth be told, honestly, Nick, I've been in some rockets that then turned out to not be rockets. Your clubhouse to your hop in to your be real. And they are portfolios with assets in, whether you like it or not in terms of naming. And I should have been much m…”

“I do not do reserves, and I don't because I was in Hopin, I was in Clubhouse, I was in Be Real, all lost money, and then I've got a load of companies which were much slower In enterprise and a phenomenal investments.”

“I don't think they have product market fit.”

“I think it's Clubhouse of our era, and so they have brilliant channel market fit, which is they crush it on Twitter for very specific clips. When you look at any of their view rates, very little. When you look at their retention on engagement rates, fuck all.”

“With my first fund, after 18 months, I predicted my top five fund returners, and you had your hop-ins, you had your B-reels, you had your clubhouse, and none of the five outperformers ended up being the outperformers, and the five outperformers I always had in…”

“I think it's Clubhouse of our era. And so they have brilliant channel market fit, which is they crush it on Twitter for very specific clips. When you look at any of their view rates, very little. When you look at their retention on engagement rates, fuck all.”

“My fun one could have been, which you're an Alpean, and I'm very grateful to you for supporting me when I was 1819 but it could have been at one point the Hopin Fund, it could have been the Clubhouse Fund and it turns out that it will most likely be the Linear…”