The decline is reportedly caused by a decrease in the number of Clubhouse users after its initial release. A year after the app's release, the number of weekly active users was greater than 10 million, but the user base declined 21% during three weeks from late February to early March. In that month, Clubhouse hired an Android Software Developer.

This significant growth in popularity occurred after celebrities such as Elon Musk and Mark Zuckerberg made appearances on the app. On February 1, 2021, Clubhouse had an estimated 3.5 million downloads globally and grew rapidly to 8.1 million downloads by February 15. Clubhouse also raised their Series B at a $1 billion valuation. In that month, the app became widely used in Germany when German podcast hosts Philipp Klöckner and Philipp Gloeckler started an invite-chain over a Telegram group, bringing German influencers, journalists, and politicians to the platform. The company announced that it would begin working on an Android version of the app. In January 2021, CEO Paul Davison announced that the app's active weekly user base consisted of approximately 2 million individuals. The app gained popularity in the early months of the COVID-19 pandemic and had 600,000 registered users by December 2020. Clubhouse was valued at $100 million after receiving funding from notable angel investors, including Ryan Hoover ( Product Hunt), Balaji Srinivasan ( Coinbase), James Beshara ( ), and several venture capitalists, including a $12 million Series A investment from the venture capital firm, Andreessen Horowitz, in May 2020. Originally designed for podcasts under the name Talkshow, the app was rebranded as 'Clubhouse' and officially released for the iOS operating system in March 2020.

History Ĭlubhouse began as a social media startup by founders Paul Davison and Rohan Seth in Fall 2019. Clubhouse being the pioneer in this segment, all competitors eventually adapted its features to their products. Soon realizing the potential of this segment, a handful of companies came out with their social audio solutions as standalone products or as an expansion to their current products. Ĭlubhouse led to the emergence of a new social media segment known as social audio or drop-in audio. Clubhouse is a social audio app for iOS and Android where users can communicate in audio chat rooms that accommodate groups of thousands of people.

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