Equity Clubhouse will create billions in value and capture none of it
Apr 2, 2021
The hosts dive into Substack's intriguing funding strategies and its impact on writers. Cameo's rise in personalized celebrity messaging is explored, showcasing the unique value it brings to the gift economy. A lively discussion unfolds around the challenges facing audio platforms like Clubhouse in retaining market value amidst fierce competition. The innovative trend of trading annual recurring revenue in the SaaS industry is examined, alongside Harlem Capital’s efforts to boost diverse founder representation in venture funding.
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Substack's Controversial Growth
- Substack's success hinges on controversy, but this creates platform instability.
- Balancing free speech with editorial control is key, as demonstrated by the Substack Pro debate.
Cameo's Brilliant Content Play
- Cameo's success stems from its effective monetization of personalized celebrity interactions and business applications.
- Unlike Substack, Cameo has strong network effects, with personalized video messages holding greater appeal than other gift options.
Clubhouse's Value Capture Problem
- Clubhouse's innovation may benefit larger companies that integrate similar features, not Clubhouse itself.
- The trend of every platform adding live audio mirrors the stories feature, diluting Clubhouse's unique value proposition.