A TikTok house lost ~$1M in 6 months...
Now it’s a publicly traded stock.
Thread 👇👇👇
Now it’s a publicly traded stock.
Thread 👇👇👇
1/ Last week, Clubhouse Media went public via a reserve merger:
• 4 TikTok Houses
• 90M combined followers
• 4 TikTok Houses
• 90M combined followers
2/ The pitch:
A new-age media brand, part talent mgmt, part content studio.
A new-age media brand, part talent mgmt, part content studio.
3/ Influencers get:
• Free rent
• Editor, videographer, etc
• Access to “cross pollination” opportunities
• Free rent
• Editor, videographer, etc
• Access to “cross pollination” opportunities
4/ Clubhouse Gets:
• Talent Deals: 10% - 50% cut*
• Account Deals: 100% cut
• Promotion: Regular tags & mentions of clubhouse
• Talent Deals: 10% - 50% cut*
• Account Deals: 100% cut
• Promotion: Regular tags & mentions of clubhouse
5/ The problem? ClubHouse is burning money.
Jan - July, 2020
Revenue: $95,000
Cost of Sales: $90,000
——————————————
Gross Profit: $5,000
Expenses: $974,000
——————————————
Operating Loss: -$969,000 😅
Jan - July, 2020
Revenue: $95,000
Cost of Sales: $90,000
——————————————
Gross Profit: $5,000
Expenses: $974,000
——————————————
Operating Loss: -$969,000 😅
Now Clubhouse is looking for money from the public markets
😬😬😬
Thoughts?
😬😬😬
Thoughts?
Inspiration & great article from @TaylorLorenz nytimes.com/2020/11/20/sty…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
