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Maybe they hope for an acquisition, but given Facebook has Hotline, I'm not sure if they plan will materialize.

danielmarkbruce 6y ago
Is it that hard to believe that they think there is a reasonable chance this ends up a giant, profitable business? Many things (twitter, airbnb are classic examples) looked trivial and stupid to many people (including me) at the outset. Jack Dorsey is a billionaire. So are the AirBnb guys. Chase Coleman is too. Andreessen and Horowitz. Uri Milner. These aren't dumb guys, and they aren't desperate.
- nikolay 6y ago
  So, Jack Dorsey is an authority? Thanks to him Twitter is such a stinky pile! And the greed-obsessed Square is getting killed by Clover.
  - danielmarkbruce 6y ago
    He isn't - but Twitter is a $50 bill mkt cap company and Square is $100 bill. The point is, when smart investors invest in something which appears stupid, there is a decent chance it isn't stupid at all, that it just requires a different viewpoint. Or something. Anyone around long enough for the start of twitter and airbnb can tell you how stupid they seemed to a lot of people (myself included). They weren't stupid, we were.
    - nikolay 6y ago
      Being a billionaire is more luck than skills. Also, not all people care about money. For example, I'm never been attracted to money, power, and fame, so, am I a loser as I work on nonprofit stuff? It is very simple - yes, Clubhouse got some traction due to the pandemic and people lacking social interactions and given how many Zoom calls end up being audio only, made sense. But Clubhouse is not something that will be attractive after the end of the pandemic. Also, the idea is so simple, and it's not even fully flushed out to be meaningful, and there are better clones already. The inertia helps, true, but do you guys remember the fate of Path.com? Because I do. I think Clubhouse will follow its fate, too.
      - danielmarkbruce 6y ago
        Nothing wrong with having an opinion on how it will turn out. However I believe it's worth considering the following: people with a track record of creating or seeing a lot of value where others see stupidity are worth taking seriously. It doesn't mean they are right, but it probably means they shouldn't be dismissed out of hand.

Is it that hard to believe that they think there is a reasonable chance this ends up a giant, profitable business? Many things (twitter, airbnb are classic examples) looked trivial and stupid to many people (including me) at the outset. Jack Dorsey is a billionaire. So are the AirBnb guys. Chase Coleman is too. Andreessen and Horowitz. Uri Milner. These aren't dumb guys, and they aren't desperate.

nikolay 6y ago
So, Jack Dorsey is an authority? Thanks to him Twitter is such a stinky pile! And the greed-obsessed Square is getting killed by Clover.
- danielmarkbruce 6y ago
  He isn't - but Twitter is a $50 bill mkt cap company and Square is $100 bill. The point is, when smart investors invest in something which appears stupid, there is a decent chance it isn't stupid at all, that it just requires a different viewpoint. Or something. Anyone around long enough for the start of twitter and airbnb can tell you how stupid they seemed to a lot of people (myself included). They weren't stupid, we were.
  - nikolay 6y ago
    Being a billionaire is more luck than skills. Also, not all people care about money. For example, I'm never been attracted to money, power, and fame, so, am I a loser as I work on nonprofit stuff? It is very simple - yes, Clubhouse got some traction due to the pandemic and people lacking social interactions and given how many Zoom calls end up being audio only, made sense. But Clubhouse is not something that will be attractive after the end of the pandemic. Also, the idea is so simple, and it's not even fully flushed out to be meaningful, and there are better clones already. The inertia helps, true, but do you guys remember the fate of Path.com? Because I do. I think Clubhouse will follow its fate, too.
    - danielmarkbruce 6y ago
      Nothing wrong with having an opinion on how it will turn out. However I believe it's worth considering the following: people with a track record of creating or seeing a lot of value where others see stupidity are worth taking seriously. It doesn't mean they are right, but it probably means they shouldn't be dismissed out of hand.