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Audio Social App Clubhouse Valued at $100 Million in Andreessen Horowitz Deal

Clubhouse is raising money from Andreessen Horowitz in a deal that values the buzzy app at $100 million, according to people familiar with the matter. Alpha Exploration, the company responsible for the audio social network, is raising roughly $12 million in the Series A round, the people said. Andreessen Horowitz partner Andrew Chen is leading the financing after competing with Benchmark for the...

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Susanne Daniels. Photo by Bloomberg. Art by Mike Sullivan
Tuesday’s letter from YouTube Chief Business Officer Robert Kyncl to its 2 million–strong creator community—announcing that original content chief Susanne Daniels had resigned—read like the final salvo in YouTube’s recent PR campaign touting its creator economy successes. Consider: When Daniels started in her role in 2016, she was commissioning original scripted...
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