Before Clubhouse, Substack, and Elon Musk’s Twitter 2.0 began floundering, they were supposed to revolutionize media. They also have something else in common: they were all backed by venture capital firm Andreessen Horowitz (sometimes stylized as a16z) and represented a Silicon Valley attempt to circumvent the so-called mainstream media.
But despite the initial promise of each of these companies, they’ve turned out to be pandemic fads (Clubhouse), to be pulling in negative revenue…
