A16Z funds voice-only social media app with 5000 users at $100M valuation

It's a classical pull signal from a VC. While the valuation is on a 100 million they paid $10 million in primary capital and at least $2 million in secondary shares. But the amount of attention this generates is enormous. Everybody and their grandmother with a startup is going to apply to A16Z.

The opportunities generated from that is worth 10 million at least. It is just a better mouse trap in an economy bracing for the impact of a recession.

VC do not deploy marketing resources to normal channels they signal value through deal channels that do not make sense to other people. It is effective because even on the channel of a competing VC we are talking about A16Z.

Didn't we have call in party phone numbers like this in the 90s?

How is this worth 100m?

$20K per user is only 20x worse than Quibi with 1.3 million active users and $1.75 billion spend making it ~$1.3K per user, or even legendary Broadcast.com acquisition by Yahoo that made Mark Cuban a billionaire. Yahoo CEO Tim Koogle made a !brilliant! decision to pay $10K per user! $5.7 billion dollars written off in less than two years.