Ripping you off Stage 3
Meetup’s value is its members: people discover local groups there. Organizers pay for that, and since Bending Spoons bought the company (2024) they pay more: subscription prices rose in June 2024. On the Standard plan organizers can’t export their member list, so a group’s audience stays with Meetup. Extraction plus lock-in. Stage 3.
- Since
- 2002
- Category
- Events
- VC-backed
- Yes
- Public
- No
- Acquired by
- Bending Spoons (2024)
- Website
- meetup.com
- X
- @Meetup
The promise
Its first promise, and how much is kept · Scoring
80% kept
“We believe that everyone should have access to a Meetup Group about most anything.”
Why it’s rated 3
The criteria it meets, with sources · Method
- Alignment 0 of 3
- None
- Lock-in 1 of 4
-
- L1 Network or reputation
- Extraction 1 of 7
-
- E3 Squeezing the other side Jun 6, 2024
- Decline 0 of 3
- None
Result Two or more extraction criteria, or lock-in plus at least one, so stage 3.
News signals
Sourced reporting, tagged by strategy
Jun 6, 2024
Meetup raises prices for Standard and new PRO organizer subscriptions
Two-sided squeezeARPU growth
Jan 11, 2024
Bending Spoons acquires Meetup
Market consolidation