Founders’ Email to Clubhouse Employees

#1

Post by davidbarker » Thu, Apr 27, 2023, 6:07 PM UTC

Founders’ Email to Clubhouse Employees
blog.clubhouse.com

Re: Founders’ Email to Clubhouse Employees

#2

Post by bkm » Thu, Apr 27, 2023, 7:06 PM UTC

Sad to hear. In an alternate timeline they would have accepted the $4B+ Twitter offer and had a nice exit along the way.

https://techcrunch.com/2021/04/07/twitter-said-to-have-held-...

The hard truth is software can't be patented and Twitter could copy the concept verbatim without paying them a penny.

Re: Founders’ Email to Clubhouse Employees

#3

Post by DANmode » Thu, Apr 27, 2023, 7:08 PM UTC

Suppose that's about as well as such a note can be done, with exception of not guaranteeing against future layoff(s), only alluding to it ("strength").

Re: Founders’ Email to Clubhouse Employees

#4

Post by Laaas » Thu, Apr 27, 2023, 7:09 PM UTC

I had completely forgotten Clubhouse even existed. Surprised it's not more than 50% laid off.

Re: Founders’ Email to Clubhouse Employees

#5

Post by gnicholas » Thu, Apr 27, 2023, 7:13 PM UTC

Laaas wrote: post #4

I had completely forgotten Clubhouse even existed. Surprised it's not more than 50% laid off.

We don't know the upper bound on how many were laid off, just that it was > we’re scaling back our org by over 50%

Re: Founders’ Email to Clubhouse Employees

#6

Post by sosodev » Thu, Apr 27, 2023, 7:14 PM UTC

bkm wrote: post #2

Sad to hear. In an alternate timeline they would have accepted the $4B+ Twitter offer and had a nice exit along the way. https://techcrunch.com/2021/04/07/twitter-said-to-have-held-... The hard truth is software can't be patented and Twitter could copy the concept verbatim without paying them a penny.

The owners would have gotten a nice exit. The employees would have probably ended up laid off anyway, right?

edit: actually looking at some posted salaries it seems some employees were given quite a lot of equity

Re: Founders’ Email to Clubhouse Employees

#7

Post by reducesuffering » Thu, Apr 27, 2023, 7:14 PM UTC

Anyone still unconvinced a16z is just throwing darts at the wall?

Re: Founders’ Email to Clubhouse Employees

#8

Post by dylan604 » Thu, Apr 27, 2023, 7:15 PM UTC

sosodev wrote: post #6

bkm wrote: post #2

Sad to hear. In an alternate timeline they would have accepted the $4B+ Twitter offer and had a nice exit along the way. https://techcrunch.com/2021/04/07/twitter-said-to-have-held-... The hard truth is software can't be patented and Twitter could copy the concept verbatim without paying them a penny.

The owners would have gotten a nice exit. The employees would have probably ended up laid off anyway, right? edit: actually looking at some posted salaries it seems some employees were given quite a lot of equity

Definitely under the new management team

Re: Founders’ Email to Clubhouse Employees

#9

Post by JumpCrisscross » Thu, Apr 27, 2023, 7:15 PM UTC

Are there reliable estimates of Clubhouse's runway?

Re: Founders’ Email to Clubhouse Employees

#10

Post by gkoberger » Thu, Apr 27, 2023, 7:17 PM UTC

sosodev wrote: post #6

bkm wrote: post #2

Sad to hear. In an alternate timeline they would have accepted the $4B+ Twitter offer and had a nice exit along the way. https://techcrunch.com/2021/04/07/twitter-said-to-have-held-... The hard truth is software can't be patented and Twitter could copy the concept verbatim without paying them a penny.

The owners would have gotten a nice exit. The employees would have probably ended up laid off anyway, right? edit: actually looking at some posted salaries it seems some employees were given quite a lot of equity

At that time, I don't think so. It was an incredibly small team back then, and the CEO of Twitter at the time was Jack. It likely would have remained (somewhat) independent, at least in the short term, similar to Vine and Instagram. And given equity, I assume almost all employees would have become millionaires.