Clubhouse, like many high-growth companies, started a bug bounty program before it had in place the necessary infrastructure or expertise to make it work, says one researcher. (Marco Verch Professional Photographer/CCC BY 2.0) Clubhouse has gone from not existing to a $4 billion valuation in just about a year. But, as bug bounty guru and Luta Security CEO Katie Moussouris describes in a new blog, that rapid growth primed them for a common security pitfall. Interesting, that security issue is not tied to vulnerabilities â though Moussouris describes two she disclosed to the burgeoning social media app, which have now been patched. Rather Clubhouse, like many high-growth companies, started a bug bounty program before it had in place the necessary infrastructure or expertise to make it work.