Total funding: $110 million, according to Crunchbase.
What it does: Clubhouse is an audio-only social app where users meet up in chat rooms to listen to talks, hear comedy stand-up routines, and partake in a slew of other audio-focused activities.
Why VCs like it: Clubhouse launched about a year ago, joining a crop of fast-growing startups that have boomed during the pandemic. Its app offers another way for at-home consumers to socialize in groups while in-person gatherings are on hold.
Clubhouse remains invite-only, but the company already has millions of users. It s raised over $100 million from investors like Andreeson Horowitz.
The company has faced some growing pains as it wrestles with content-moderation issues that arise from live audio content. Its app was recently banned in China after it became a hub for political dissent. It also faces new competition as big tech platforms like Twitter and Facebook are working on their own Clubhouse-copycat products.
Triller, Universal Music Group Trade Shade as Licensing Battle Escalates Publicly
Todd Spangler, provided by
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The war of words between Ryan Kavanaugh’s Triller and Universal Music Group escalated Friday, after UMG pulled its catalog from the video-sharing app citing Triller’s failure to pay licensing fees for songs used on its service.
Early Friday, Universal Music said it was removing its music from Triller which positions itself as a rival to popular social-video app TikTok because, “Triller has shamefully withheld payments owed to our artists and refuses to negotiate a license going forward.”
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“We will not work with platforms that do not value artists,” the music giant said.
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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Anis Uzzaman, CEO and general partner Pegasus Tech Ventures. Pegasus Tech Ventures
Anis Uzzaman launched his venture capital firm about 8 years ago.
He expected to operate it like other firms: raise money from many sources, invest.
Then one of his investors asked for a specific focus and it snowballed into a new business model.
About 8 years ago, Anis Uzzaman was pursuing his dream of running his own venture fund the way most VCs go about it: calling up potential investors with deep pockets and pitching them.
Israeli finalist to vie for $1m at Startup World Cup
Regenerative medicine company Matricelf will compete in San Francisco as part of a global competition sponsored by Pegasus Tech Ventures.
January 27, 2021, 9:35 am
Asaf Toker, CEO of Matricelf, which is developing a regenerative medicine cure for spinal cord injury. Photo courtesy of Matricelf
Personalized regenerative medicine startup Matricelf will compete for the $1 million grand prize in the Startup World Cup in November, a global competition sponsored by Pegasus Tech Ventures of Silicon Valley.
The Startup World Cup includes finalists from more than 70 countries, yet Israel was never part of it before.
10 Israeli Startups To Compete In Local Event For Startup World Cup
By NoCamels Team
January 06, 2021 2 minutes
Ten Israeli startups are set to compete next week in a virtual contest as part of the Startup World Cup 2021, an annual competition created by Silicon Valley-based venture capital firm Pegasus Tech Ventures. The competition made its debut in Israel recently with Tech It Forward, a boutique consulting and tech events agency, and launched a call for applications in December.
The competition began in 2020 with over 50 local regional contests on six continents. Pandemic restrictions permitting, 10 finalists selected from among all regional winners are expected to head to San Francisco in May 2021 for the finale with a chance to win a $1 million investment prize.