Re:WeWork sells Meetup
by jariel on Monday March 30, 2020 @06:12PM
(#22732749)
Things like Meetup actually probably have a lot of underlying feature evolution which might be expensive. Also, it might require a lot of manual labour marketing reach-out and hand-holding. Especially when the revenue model is not crystal clear.
Meetup may, therefore, have more strategic value than cash-flow value to a lot of companies.
I can definitely see how a 'big cash-flush WeWork' would want to glob onto Meetup.
But a cash-strapped meetup?
And now, if there's no 'big hit upside' and no big win future, they probably don't have a lot of momentum, and not a lot of hot devs who really care a lot.
It becomes in a way a lifestyle company for someone else's lifestyle vision. Which requires the right kind of team and mindset, comfortable with that situation.
Meetup may, therefore, have more strategic value than cash-flow value to a lot of companies.
I can definitely see how a 'big cash-flush WeWork' would want to glob onto Meetup.
But a cash-strapped meetup?
And now, if there's no 'big hit upside' and no big win future, they probably don't have a lot of momentum, and not a lot of hot devs who really care a lot.
It becomes in a way a lifestyle company for someone else's lifestyle vision. Which requires the right kind of team and mindset, comfortable with that situation.