Meetup

3 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Apr 10, 2024 by Kevin Ryan · said 4 times in 4 episodes since 2015 · across every show →

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brought up most by Kevin Ryan (1), Harry Stebbings (1), Carl Waldekranz (1), Andrew Wilkinson (1)

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Everything said about Meetup, oldest first

Apr 10, 2024
Disclosure
Kevin Ryan acquired Meetup from WeWork for $10M during early COVID
“Three years ago, I bought the company Meetup for ten million, because WeWork was getting rid of it, and had panicked, and COVID had just started.”
Kevin Ryan Apr 10, 2024 ▶ 45:31 Kevin Ryan: Are the Best CEOs the Best Fundraisers & Why Ownership Should Not Be a Focus in VC|E1138 · 20VC with Harry Stebbings
Apr 10, 2024 positive
Disclosure
Meetup Pivoted From $20M Loss to $6M Profit After WeWork Buyout
“We also went from a 130 people the day I bought it to 90 people a week later, which is the right amount. Today it has probably 80, or when we sold it had 82 people, and it went from a twenty million dollar loss on thirty-two million in revenue, the, when we wo…”
Kevin Ryan Apr 10, 2024 ▶ 46:49 Kevin Ryan: Are the Best CEOs the Best Fundraisers & Why Ownership Should Not Be a Focus in VC|E1138 · 20VC with Harry Stebbings
Apr 10, 2024 bullish
Disclosure
Kevin Ryan Sold Meetup for 7x to 8x His $10M Purchase Price
“And, you know, I just sold it was announced in January. So, sold it for seven or eight times that amount.”
Kevin Ryan Apr 10, 2024 ▶ 45:41 Kevin Ryan: Are the Best CEOs the Best Fundraisers & Why Ownership Should Not Be a Focus in VC|E1138 · 20VC with Harry Stebbings
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