Business Insider: Inside the rise and fall of Clubhouse, a pandemic poster child of VC-backed hype now hobbled by ‘drama rooms,’ unhappy creators, dwindling users, and dubious advertisers

Business Insider: Inside the rise and fall of Clubhouse, a pandemic poster child of VC-backed hype now hobbled by ‘drama rooms,’ unhappy creators, dwindling users, and dubious advertisers. “More than any other startup, Clubhouse epitomizes the venture-capital-backed euphoria that swept the tech industry since lockdowns shut millions of people inside and pushed them online for connection, entertainment, and information. Marc Andreessen has called the app ‘the Athenian agora come to life,’ referring to the hub of democracy in ancient Greece. It has raised more than $100 million from his firm and other top VCs, garnering a $4 billion valuation. But with vaccinations rising and more people returning to normal life, Clubhouse has been hit particularly hard.”

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