Clubhouse Helps Andreessen Horowitz Advance Its Media Ambitions

Investment firm Andreessen Horowitz has supplied much of the capital that helped spark the sudden rise of Clubhouse, the audio-based social network that’s become one of the hottest things in Silicon Valley and has drawn in megacelebrities including Oprah and Drake. In a twist on the standard venture capital model, it also provides a good deal of the talent responsible for the content.

Clubhouse is an invite-only app, structured as a series of “rooms,” where speakers lead discussions in front of audiences who can also be called on to participate. Marc Andreessen and Ben Horowitz, the founders of ...