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hypothesis · 2022-01-09 18:58:52

So it says that ~6500 members are driving this by ponying up ~$511 annually. Interesting.

pkulak | karma 11176 | avg karma 3.68 · | 2021-04-09 15:54:40+00:00

Holy crap, the dues were really that high? No wonder no one voted for it.

EDIT: $500/year, apparently

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Mz | karma 25085 | avg karma 2.54 · | 2012-05-22 11:19:28+00:00

Last I heard, it had been raised to 500. However, I am not the most active member so that may not be current info.

Justin_K | karma 1410 | avg karma 2.9 · | 2021-03-24 05:18:33+00:00

Their profit is the membership fee.

Adrox | karma 108 | avg karma 1.89 · | 2022-06-25 08:12:14

Usually there is a membership fee for 10/100/1000$ a year, for people that want to regularly contribute.

HelloWorldClub | karma 5 | avg karma 0.62 · | 2013-03-11 02:49:27+00:00

Article says 30+. Currently have 42 members.

eecks | karma 657 | avg karma 1.06 · | 2015-10-15 19:32:14

Looks cool, good job. What do members pay for?

cascom | karma 1986 | avg karma 3.01 · | 2019-06-12 04:57:59+00:00

I’m a little skeptical of that number, while I don’t doubt the annual dues might have been $20k/year even clubs with mid six figure initiations are unlikely to have a $20k/year food and beverage minimum

shuckles | karma 2918 | avg karma 2.09 · | 2019-06-12 13:16:30+00:00

Interesting speculation, but wrong since the new Bay Wheels pricing page shows monthly and annual memberships are still available.

steego | karma 1776 | avg karma 3.46 · | 2021-10-12 17:22:51

There appears to be between 400-600 some members and from what I’ve read, it seems like all the members are receiving a nice share of revenue.

How many would like to claim membership?

I don’t know, you tell me. It seems like their membership grew, so I would guess people have claimed membership based on their heritage and that their membership was honored.

Do you have any specific information you can provide or is it all hand-waving and rhetorical questions?

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cantankerous | karma 1130 | avg karma 2.54 · | 2013-08-29 04:32:49+00:00

Is the $2 billion in membership figured into the net? It seemed like it was separate in the article's table.

sonnyblarney | karma 5644 | avg karma 2.21 · | 2019-06-12 07:01:26+00:00

Yeah, I don't think $20K in 'required spending'. More like $20K/year in dues, and $2K in 'required spending'.

Even then, that's a lot.

Maralago for example only has $14K in annual dues.

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eddtries | karma 535 | avg karma 2.86 · | 2023-10-30 12:03:03

How else will you drive people to pay memberships?

bombcar | karma 42761 | avg karma 2.58 · | 2022-06-02 12:36:40

True, only 120k members (out of a potential membership of 2.3 million).

However, it also isn't going to run out of funds, either.

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FullNameAndy | karma 93 | avg karma 1.07 · | 2021-01-26 18:03:29+00:00

Great point. I will add that RW600 does require a reoccurring membership for $468/yr after the first year.

ClayM | karma 189 | avg karma 2.95 · | 2019-11-16 01:20:20+00:00

we spent enough there that our rebate pays for the membership heh

gretj | karma 3 | avg karma 3.0 · | 2018-07-24 23:19:33+00:00

The in-group still actually has rights. Cutoff for membership seems to be around $100M.

mtmail | karma 10094 | avg karma 1.54 · | 2023-08-09 04:45:45

It's called corporate members https://wiki.osmfoundation.org/wiki/Corporate_Members Goes from 750 Euro per year up to 30.000 per year. Those prices were raised in 2023. (disclaimer: I work for a silver sponsor)

gambiting | karma 29451 | avg karma 3.2 · | 2016-10-20 10:23:57+00:00

There's loads of people who pay insane membership prices(sometimes a lot more than $1000/month!) just to be members of an exclusive country club where they know only similarly wealthy individuals are allowed. The only thing that is surprising about this social network to me is that it took this long for someone to get the idea.

bcx | karma 2389 | avg karma 7.03 · | 2024-01-18 00:32:33

Looks like total revenue in the 990 was 910K, so 910/membership is likely in the 10K/year range assume only 100 members.

"According to Villa Taverna’s most recent 990, which lists the club under a different name, it raked in more than $700,000 in membership dues and $130,000 in initiation fees in 2021, along with nearly $80,000 in contributions."

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