WeWork sells Meetup

Re:WeWork sells Meetup by jacurtis on Monday March 30, 2020 @07:06PM (#22733094)

I wanted to jump on this bandwagon with my own experience. I worked for a software company about 4 years ago that had 6 people (including myself). Our company did $40M - $50M a year in revenue. No VC funding. We took thousands of transactions a month on Stripe and we basically never thought about payments. The software auto-handled collections or cut people off if they weren't paying (which in turn got them to pay-up). It automatically re-charged delinquent accounts, it automatically let people know that their card was about to expire, it automatically updated credit cards issued from banks (yes, really), and much more. We really never thought about payments at all. 90% of our transactions were USA, about 8% were Canada. And the other 2% was from Singapore. Never ran into any problem with these.

6 person crew generating $40M a year with no VC funding. It was all operated off the money that came in the door. It can be done.

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Re:WeWork sells Meetup by hey_ya_23 on Monday March 30, 2020 @09:59PM (#22734265)

>> 90% of our transactions were USA, about 8% were Canada. And the other 2% was from Singapore. Never ran into any problem with these.

And I once ran a python script on my local computer and had no scaling issues. I dont know what all these people are talking about nginx, load-blanancers, blah! heck, I just used python -m simpleserver and Viola! it worked! See -- everyone can run a global business right from their macbook with 0 FTEs! I did it! (Please dont mind I picked the easiest script and conveniently based my business in places where Stripe works!)

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Re:WeWork sells Meetup by mattmanser on Tuesday March 31, 2020 @01:51AM (#22735209)

So, people who ARE doing it are replying on this thread.

People who don't need 15 FTEs, or even one FTE to take pretty large volumes of payments from many countries in the world.

Another reply is talking about $40 million turnover without a FTE.

The latest revenue figures I can find for meetup is $15 million.

So it begs the question, are you the incompetent and inexperienced one for needing to overengineer, or are we, for doing it cheaply?

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Re:WeWork sells Meetup by hey_ya_23 on Tuesday March 31, 2020 @10:52AM (#22738069)

Its really not about scale. I can process 1 or 1million JSON messages with the same effort. Now also support 25 other message formats? Doesnt scale the same way.

I can support a trillion of US/Canadian/European transactions with mostly the same effort.

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