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Audio-Only Platforms: Listen and Learn

Audio-Only Platforms: Listen and Learn

The lockdowns have certainly had a huge impact on the online world. First, Zoom mushroomed from out of nowhere, and when Zoom fatigue seemed to be setting in, there was Clubhouse, taking over the zeitgeist and becoming, as the Daily Caller noted (in Here’s What We Know About Clubhouse, The New App That’s Dominating Social Media), the fifth most popular social media app on the Apple store, trailing behind only Facebook, Messenger, Discord, and WhatsApp.

 

Not to be outdone, Facebook is launching several new audio-only features, including “Soundbites…and an audio-only version of Rooms (called Audio Rooms – think Clubhouse).” as The Sun reports. Read More...

Think Small

Think Small

Companies are easy to start, right? People do it all the time. Seeing it through to it becoming a thriving business and/or having a successful exit, well, that’s quite a different story. Stated another way, we had a professor in a fiction writing class in college who started the semester with: “I met a fellow at a party and asked, ‘So, what do you do?’ To which he replied, ‘I write the beginnings of novels.’”

Which, for the record, doesn’t make you a novelist. You’ve got to see it through to that last page. And publish!

Igor Jablokov, who is a founder rather than investor, spoke at one of our investor breakfasts a while back, and it’s amazing what you can learn from someone who has been there, done that – and who has had a successful exit. Igor had a company, and as he was building, he would go to various conferences and expos to network, and to see what he might learn. At one conference, he spoke to a group who had had a very successful exit and he asked how it had happened. Read More...

Build Back Different

Build Back Different

We’ve mentioned Clubhouse before and attention must be paid: it proved to be a game-changer – big time – the likes of which we haven’t seen in a while. Clubhouse has taken social media into a different direction. While Twitter and even Facebook have been something of town squares, CH is not that: it’s the corner pub or sort of unconference  or coffee klatch, where people can wander in and out of ‘rooms,’ at will, and participate, or simply listen and learn.

Although, CH members, take note: Clubhouse Users’ Raw Audio May Be Exposed to Chinese Partner.

So, what’s next? Well, the Twitter and Facebook knock offs, of course. Considering that both platforms are losing users and revenue (Twitter reports $1.14B net loss for 2020 – and that was before CH hit the zeitgeist in a significant way, and Facebook has been hemorrhaging users in its most valuable markets for some time now, what to speak of the face that Apple Privacy Change May Cost Facebook, Google $25 Billion Over Next 12 Months), they still believe that they will forever hold sway as the Masters of the Universe, so why innovate when you can appropriate? Read More...

Will the Real Silicon Valley Please Stand Up…

Will the Real Silicon Valley Please Stand Up…

And thank you, Slim Shady

There’s no doubt that the technology sector has become less tethered to the big cities and major tech hubs – Silicon Valley, New York City and Boston spring to mind – as a result of now long-standing Draconian lockdowns. The exodus from the Bay Area in particular has been well documented. According to The New York Times, They Can’t Leave the Bay Area Fast Enough. After all, The Times noted, “Rent was astronomical. Taxes were high. Your neighbors didn’t like you. If you lived in San Francisco, you might have commuted an hour south to your job at Apple or Google or Facebook. Or if your office was in the city, maybe it was in a neighborhood with too much street crime, open drug use and $5 coffees…But it was worth it. Living in the epicenter of a boom that was changing the world was what mattered. The city gave its workers a choice of interesting jobs and a chance at the brass ring.”

That was then. This is now and precisely to where has the sector gravitated?  “They fled to states without income taxes like Texas and Florida,” said The Times. Read More...

Meet the New Club. Not the Same as the Old Club

Meet the New Club. Not the Same as the Old Club

 

It isn’t often that a newco launches that fairly quickly captures unicorn-level attention the way that Clubhouse has. The audio-only social network, which has amassed 2M+ users and $100M in funding in just under a year after launch, seems to have raised the bar by lowering the barrier to participation, meaning, that in most rooms, anyone can raise their hand and, in most cases (depending on the moderator), participate in the discussion. It’s still in beta, so it’s currently iPhone only and invitation only: patience.

“If you could plug into a live conversation about a topic, you’re passionate about, on demand, anywhere in the world, and have an opportunity to not only listen to some of the smartest people on the subject, but also participate with them, would you?” asked Brian Solis in Forbes (The Latest Silicon Valley Unicorn, Clubhouse Raises $100 Million And Also Raises Attention To The Importance Of Audio-Based Social Networking). “…it represents an unquenchable thirst for meaningful community and engagement, especially in light of the chaos and devastation that played out in the forms of disinformation, political theater, and divisiveness across other social networks.” Read More...