Sources: VCs have approached Clubhouse about investing in its next round at ~$1B valuation, a 10X increase from the previous round; a16z is expected to lead (The Information)

Paul Davison, chief executive officer of Highlight, speaks during the Glimpse Social Discovery conference in San Francisco, California, U.S., on Wednesday, June 6, 2012. Glimpse Social Discovery conference aims to connect people with new places, people and products that they will enjoy based on their social interactions and existing interests. Photographer: David Paul Morris/Bloomberg *** Local Caption *** Paul Davison