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Maybe I'm too cynical but Clubhouse always felt like a weird pyramid scheme. It was huge solely because a core group of people said it was huge. VCs hyping a VC
by afavour 6y ago
Maybe I'm too cynical but Clubhouse always felt like a weird pyramid scheme. It was huge solely because a core group of people said it was huge. VCs hyping a VC investment to a sky-high valuation and bringing lots of VC-aspiration little people along with them as reinforcement.
And I guess it worked, they got a valuation of $4bn! But now what?
- whb07 6y agoYep, this is my exact feeling. Really felt like Ben Horowitz fell in love and maybe coaxed/cut-in his rapper friends to help push this real quick. Maybe one of his buddies kept saying “yo Ben, when can I make an investment just like Ashton Kutcher or Bieber?!” Heavy lies the crown
- rchaud 6y agoA16z has been doing this Substack for months. First it was the disingenuous blog post from one of their partners about how "100 True Fans"[0] can make you monetize your content Then they started paying journalists to post on Substack, while writing pieces about how media bureaucracy is chasing away top talent, who are "choosing" (aka being paid) to write on Substack. [0]: https://a16z.com/2020/02/06/100-true-fans/ https://a16z.com/2020/02/06/100-true-fans/