41–50 of 119 posts
I had completely forgotten Clubhouse even existed. Surprised it's not more than 50% laid off.
wouldn't suppose you could tell me what it's for? I see someone saying that Twitter recreated it.. but that doesn't mean anything to me.. their website is so arrogant as to basically only offer a link to download the app.. because I should just.. "know" what they do?
Is it unusually nice that such an early start-up is giving 4 months, acceleration, and more? Yea! A lot of A- and B-stage layoffs have paid far less.
But with so much funding, it’s very very hard to see this move as anything other than massive C-level incompetence. Good job trying to make it look like accountability though.
> Laptops. We will allow everyone who is impacted to keep their company-issued laptops, to help them research and apply for new roles. Is this common?
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Every time I hear of another founder passing on a multi-billion dollar offer, I think back to Tom from MySpace and how he sold MySpace off for a lot of money and went on to live happily ever after. Smartest guy in the social media game.
Wait till you hear about Jan Koum, who took over $10 billion from selling WhatsApp to Facebook and has become a prominent collector of mansions, superyachts, and rare Porsches [3]. 1- https://www.dirt.com/gallery/moguls/tech/jan-koum-house-beve... 2- https://www.superyachtfan.com/yacht/moonrise/owner/ 3- https://www.thedrive.com/news/26322/these-are-the-10-drool-w...
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It's essentially a conference call app. You create a room or space or whatever and you can participate or listen in on audio. Some have called it live podcasting. But it's a conference call in the most basic sense. Twitter copied it with Spaces, which feels like a more natural fit. The reason Clubhouse is so popular, or was so popular is that a16z funded it at the peak of zero interest rates. Clubhouse is a ZIP and w…
What’s a zip? (Aside from being a pretty hard thing to search for…)
Earlier quoted context omitted.
It's essentially a conference call app. You create a room or space or whatever and you can participate or listen in on audio. Some have called it live podcasting. But it's a conference call in the most basic sense. Twitter copied it with Spaces, which feels like a more natural fit. The reason Clubhouse is so popular, or was so popular is that a16z funded it at the peak of zero interest rates. Clubhouse is a ZIP and w…
What’s a zip? (Aside from being a pretty hard thing to search for…)
Earlier quoted context omitted.
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.
And then get shut down a few years later in the medium-term, similar to Vine.
I had completely forgotten Clubhouse even existed. Surprised it's not more than 50% laid off.
Very generous severance. The writing was on the wall and if I am an investor this is the right call to make. The company needs to pivot, you need a lean focused team to have a chance at surviving the pivot. Probably the expensive lesson learned here is don't bet your company on short-term trends (like COVID lock downs) that can be disrupted by a twitter hackathon. One minor nit: don't use phrases like "people who are…
hindsight is 20/20. you shouldn't necessarily be deterred by building something that a large company can also build. there have been plenty of examples that contradict this point.
BUT there's nuance here. i think in this case, the venn diagram of the userbase at Twitter & the users on clubhouse is basically a circle: the type that love to ingest information, stay on top of bleeding edge trends, be on top of what "thought leaders" have to say, information influencers, brand builders, etc. This demographic of people that would immediately get a lot of use out of a clubhouse clone built directly into Twitter. Clubhouse messed up royally here by not selling