Meetup Had Its First Profitable Month In July

Meetup cofounder and CEO Scott Heiferman has a nice column in today’s New York Times, as part of its “The Boss” feature.

It describes how he got his start in New York — first, working for Sony in New Jersey, then as founder of i-traffic, an online ad agency. And it has two bits of news that may be interesting to the New York tech community:

  • Meetup had its first profitable month in July. (Most of the company’s revenue comes from monthly fees that meetup organisers pay.)
  • Scott, who got married last year, hopes to move away from New York in a few years to a developing country, perhaps in Africa. There, he says, his wife can “continue her human-rights work while I will help expand Meetup’s operations around the world.”

Read the whole thing at the New York Times >

Photo: Marco Arment via Flickr

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.