Clubhouse

A Deep Dive into Our Strategic Early-Stage Investment in Clubhouse and Its Impact on the Social Media Landscape

We are proud to have been one of the first investors in Clubhouse, an innovative social audio app that has revolutionized the way people communicate and connect online. Our early investment in Clubhouse was made through a special purpose vehicle (SPV) alongside some of our limited partners (LPs) and notable angel investors, including Ryan Hoover (Product Hunt), Balaji Srinivasan (Coinbase), James Beshara (Tilt.com), and several venture capitalists, such as Andreessen Horowitz, who contributed a $12 million Series A investment.

Clubhouse is a social audio platform available on iOS and Android where users can participate in real-time audio chat rooms accommodating thousands of people. The app has been a pioneer in the social audio segment, which has led to the emergence of numerous competitors that have adapted Clubhouse's features into their own products.

Clubhouse was founded by Paul Davison and Rohan Seth in fall 2019, originally designed for podcasts under the name Talkshow. The app was rebranded as "Clubhouse" and officially released for iOS in March 2020. It quickly gained popularity in the early months of the COVID-19 pandemic and attracted millions of users worldwide.

Our early investment in Clubhouse has allowed us to support and witness its incredible growth and development. The app has continuously evolved and introduced new features, such as Clubhouse Payments, partnerships with notable organizations like TED and the National Football League, and the expansion to Android devices.

We are proud to have been part of Clubhouse's journey from the early days. Clubhouse's innovative platform and rapid growth demonstrate its potential to continue shaping the social media landscape and maintain its position as a leader in the social audio segment.

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