“It’s difficult for us to communicate the strategy to cross-functional teams when it’s evolving by 1% each day, or to make quick changes when each surface is owned by a different product squad.”
Clubhouse raised more than $100 million and hit a $4 billion valuation on lockdown boredom. Now it cuts more than half of a staff of about 100 and blames remote work and people having lives again. The founders admit the strategy changes daily and still claim a clear vision for Clubhouse 2.0. Investors asked what the remaining team is building, and nobody could say.