Clubhouse has hit a new high, but Master P wants Black entrepreneurs to own a company that does the same.
When Clubhouse was first introduced to the music industry during the tail end of 2020, many were fascinated with the new social platform. Many artists, managers, and industry executives have taken advantage of the app by sharing information and by simply connecting with the initial thousands and now million users on the app.
Although the platform is still in beta mode, it has reached a value of $1 billion. Music executive and entrepreneur extraordinaire Master P recently shared his thoughts on Clubhouse’s latest value.
“I keep telling people, we go on Clubhouse, we making another one of them a billionaire,” said the No Limit founder. “We just did it. Just for Clubhouse. We need to create stuff like that where we control the narrative and we’re able to put the money back in our community and our culture.
“If one of us did that, we would be saying, ‘Nah, I don’t think that’s gonna work. Why would you call it Clubhouse? It’s not a club.’ We come up with all different types of excuses. Nobody cared. Everybody went on Clubhouse and blew this up. You know this guy went to the bank, got whatever he want. He’s gonna take that company public. We’re not thinking like that. The only way we’re gonna be successful is taking companies public. That’s the way you build wealth. We’re creating so much wealth for them.”
As one of the industry’s most legendary entrepreneurs, P continues to be an advocate for Black ownership.