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	<title>Betabeat &#187; Zappos CEO Tony Hsieh Bought Out One of Meetup&#8217;s Shareholders</title>
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		<title>Betabeat &#187; Zappos CEO Tony Hsieh Bought Out One of Meetup&#8217;s Shareholders</title>
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		<title>Zappos CEO Tony Hsieh Bought Out One of Meetup&#8217;s Shareholders</title>

		<comments>http://betabeat.com/2012/05/zappos-founder-tony-hsieh-bought-out-one-of-meetups-shareholders/#comments</comments>
		<pubDate>Mon, 14 May 2012 09:30:38 -0400</pubDate>
					<link>http://betabeat.com/2012/05/zappos-founder-tony-hsieh-bought-out-one-of-meetups-shareholders/</link>
			<dc:creator>Nitasha Tiku</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=45308</guid>
		<description><![CDATA[<p><div id="attachment_45312" class="wp-caption alignleft" style="width: 237px"><a href="http://nyobetabeat.files.wordpress.com/2012/05/screen-shot-2012-05-14-at-8-56-58-am.png"><img class=" wp-image-45312 " title="Tony Hsieh" src="http://nyobetabeat.files.wordpress.com/2012/05/screen-shot-2012-05-14-at-8-56-58-am.png" alt="" width="227" height="223" /></a><p class="wp-caption-text">Mr. Hsieh/Mr. Wiggles</p></div></p>
<p>Earlier this month, Meetup CEO Scott Heiferman announced the newest member of the Meetup cap table: Zappos front man Tony Hsieh. "indeed, tony (zappos ceo) bought out one of our shareholders," Mr. Heiferman wrote in a company-wide email.</p>
<blockquote><p>"i'm thrilled--because tony is a true hero of great companies, cultures, customer experience, community and it can't hurt to have another hsieh around," he added, referring presumably to Richard Hsieh, Meetup's <a href="http://www.linkedin.com/pub/richard-hsieh/3/474/583">lead software engineer</a> here in New York.<!--more--></p></blockquote>
<p>Mr. Heiferman didn't specify which shareholder was bought out. <a href="http://www.crunchbase.com/company/meetup#src5">Previous investors include</a> Draper Fisher Jurvetson, Omidyar Network, eBay, and Union Square Ventures. In February, cofounder Matt Meeker left to launch BarkBox, <a href="http://www.businessinsider.com/meetup-cofounder-matt-meeker-raises-100000-from-gary-vaynerchuk-and-others-for-a-paw-some-new-startup-2012-2">a Birchbox for dogs</a>. Mr. Heiferman said that Mr. Hsieh's motivation was two-fold:</p>
<blockquote><p>tony bought a piece of meetup because he believes in our potential --both meme &amp; money: he wants us to revolutionize community for people-- and i think he wants a cut of the profit as we keep growing over the long-haul (or whatever way that all of our stock/options pay out)</p></blockquote>
<p>Based on the growth in new members, things are definitely looking <a href="http://www.betabeat.com/2012/02/06/woah-meetup-had-a-huge-spike-in-january/">up-and-to-the-right</a>, as they say.</p>
<p><a href="http://nyobetabeat.files.wordpress.com/2012/05/meetup-joins-e1328551735525.png"><img class="aligncenter size-full wp-image-45313" title="meetup-joins-e1328551735525" src="http://nyobetabeat.files.wordpress.com/2012/05/meetup-joins-e1328551735525.png" alt="" width="600" height="310" /></a></p>
<p>As for Mr. Hsieh, this isn't his first run-in with the company.  Back in 2009, he introduced staffers to a scooter-racing alter-ego known as Mr. Wiggles (at about 1.50):</p>
<p><center><iframe src="http://www.youtube.com/embed/Z4Bs8_E4C6Y" frameborder="0" width="600" height="437"></iframe></center></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_45312" class="wp-caption alignleft" style="width: 237px"><a href="http://nyobetabeat.files.wordpress.com/2012/05/screen-shot-2012-05-14-at-8-56-58-am.png"><img class=" wp-image-45312 " title="Tony Hsieh" src="http://nyobetabeat.files.wordpress.com/2012/05/screen-shot-2012-05-14-at-8-56-58-am.png" alt="" width="227" height="223" /></a><p class="wp-caption-text">Mr. Hsieh/Mr. Wiggles</p></div></p>
<p>Earlier this month, Meetup CEO Scott Heiferman announced the newest member of the Meetup cap table: Zappos front man Tony Hsieh. "indeed, tony (zappos ceo) bought out one of our shareholders," Mr. Heiferman wrote in a company-wide email.</p>
<blockquote><p>"i'm thrilled--because tony is a true hero of great companies, cultures, customer experience, community and it can't hurt to have another hsieh around," he added, referring presumably to Richard Hsieh, Meetup's <a href="http://www.linkedin.com/pub/richard-hsieh/3/474/583">lead software engineer</a> here in New York.<!--more--></p></blockquote>
<p>Mr. Heiferman didn't specify which shareholder was bought out. <a href="http://www.crunchbase.com/company/meetup#src5">Previous investors include</a> Draper Fisher Jurvetson, Omidyar Network, eBay, and Union Square Ventures. In February, cofounder Matt Meeker left to launch BarkBox, <a href="http://www.businessinsider.com/meetup-cofounder-matt-meeker-raises-100000-from-gary-vaynerchuk-and-others-for-a-paw-some-new-startup-2012-2">a Birchbox for dogs</a>. Mr. Heiferman said that Mr. Hsieh's motivation was two-fold:</p>
<blockquote><p>tony bought a piece of meetup because he believes in our potential --both meme &amp; money: he wants us to revolutionize community for people-- and i think he wants a cut of the profit as we keep growing over the long-haul (or whatever way that all of our stock/options pay out)</p></blockquote>
<p>Based on the growth in new members, things are definitely looking <a href="http://www.betabeat.com/2012/02/06/woah-meetup-had-a-huge-spike-in-january/">up-and-to-the-right</a>, as they say.</p>
<p><a href="http://nyobetabeat.files.wordpress.com/2012/05/meetup-joins-e1328551735525.png"><img class="aligncenter size-full wp-image-45313" title="meetup-joins-e1328551735525" src="http://nyobetabeat.files.wordpress.com/2012/05/meetup-joins-e1328551735525.png" alt="" width="600" height="310" /></a></p>
<p>As for Mr. Hsieh, this isn't his first run-in with the company.  Back in 2009, he introduced staffers to a scooter-racing alter-ego known as Mr. Wiggles (at about 1.50):</p>
<p><center><iframe src="http://www.youtube.com/embed/Z4Bs8_E4C6Y" frameborder="0" width="600" height="437"></iframe></center></p>
]]></content:encoded>
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