Mark Cuban says he's 'involved' with an upcoming competitor to Clubhouse, the $1 billion invite-only conversation app Silicon Valley can't get enough of

Mark Cuban says he's 'involved' with an upcoming competitor to Clubhouse, the $1 billion invite-only conversation app Silicon Valley can't get enough of
Billionaire "Shark Tank" star Mark Cuban will reportedly launch a competitor to Clubhouse later this year.AP Photo/Evan Vucci
  • Mark Cuban will launch a competitor app to the buzzy startup Clubhouse, The Verge reported.
  • "All I can tell you is that I'm involved and love the project," Cuban told Insider.
  • Clubhouse is an invite-only audio chatting platform worth $1 billion.

Mark Cuban is involved in an upcoming competitor to the hot invite-only audio startup Clubhouse.

Cuban and co-founder Falon Fatemi will launch Fireside, a live-conversation app that allows users to record conversations, The Verge reported Monday.

Cuban confirmed to Insider he was involved with Fireside, but declined to answered when the company would launch.
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"All I can tell you is that I'm involved and love the project," he said in an email.

Fatemi, once the youngest-ever Google employee, previously got Cuban to invest in her startup Node, a AI-as-a-service platform. The co-founder said Fireside would allow for better conversations and prevent social-media echo chambers, she said in an email to creators obtained by The Verge.

Read more: The unofficial story of how Clubhouse founders Paul Davison and Rohan Seth failed their way to a $1 billion app
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Fireside will "level the playing field by empowering creators based on what they have to say (not how loud they yell) and we give their ideas the reach to turn a single conversation into the seed of the next media empire," Fatemi wrote, according to The Verge.

Conversation-based apps are having a moment

Clubhouse attracted attention recently after high-profile users Elon Musk and Marc Andreessen hosted talks. The 11-month old startup allows users to enter "rooms" to discuss topics like sports, entertainment, and business with like-minded people. Clubhouse, founded by social entrepreneurs Paul Davison and Rohan Seth, already has 2 million users and a $1 billion valuation, and its popularity may have inspired a black market selling invitations to the app on Twitter, Ebay, and Craigslist.
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Cuban has been on Clubhouse since last year, per The Wall Street Journal. He has invested in other social-media apps like Mercury Protocol, a messaging app built on blockchain, and Dust, a messaging app where conversations self-destruct after 30 seconds.

The "Shark Tank" star and Dallas Mavericks owner frequently shares his opinions on politics and business on Twitter, and has said individualism and having a social conscious make for good business.

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