1) Did anyone read Nate's original response?
He pretty much laid out where all the money goes.
I know for a fact that many of meetup spaces for this and other
groups have charged between $3,000 and $6,000 to hold events there for
an evening. I think the Cooper Union was charging something crazy
like $5,000 for the space for 3 hours, and their security guards would
angrily evict people at closing because they weren't getting paid if
things ran late.
2) The $72k a year was a number someone pulled up by assuming that
there are 12 meetups every year filled to capacity. That's not always
the case. Many people say "i'm going!" then don't. Hence the concept
of door wait-lists. It's also a number that people assume to be pure
'profit' -- and don't take into account the cost of renting event space.
On Mar 2, 2009, at 2:34 PM, Michael Stearne wrote:
> That is the point I guess you haven't checked http://nytm.org/
> "The NY Tech Meetup is a community-led organization, and is not for
3) Not for profit is really a funny concept...
The larger non-profits pay executives 250k++ a year.
It has nothing to do with executive, admin, marketing, or other