Hacker News new | ask | show | jobs
by fxtentacle 1980 days ago
To me, that looks like yet another "entrepreneur" actually making his / her money by selling a paid membership club. I first saw that technique with the Tropical MBA and Dynamite Circle crowds, and this uses very similar language on their sign up page.

"Mastermind Member (€75/m)" "Weekly check-in to hold you accountable for your business goals"

For paid forums or paid Slack like this, I always wonder how it benefits more experienced entrepreneurs to join. The 100€ monthly fee kind of suggests that the value I receive from being in that community is going to be larger than the value I add by mentoring others and giving advice.

But in the past, my experience was more that I'd get pitched a lot by online marketer types and people offering services for startups. Plus these groups tend to attract "idea predators" who check out what works for the bigger companies and then try to launch their own clone.

For these reasons, I believe this kind of paid networking groups always end up being almost exclusively filled with amateur marketers.

Please explain to me why I'm wrong. I'd really love to find a good networking group after so many false starts...

1 comments

Thanks for sharing your thoughts; I actually have heard of those 2 companies/communities before, though never really looked into them (and didn't purposefully use similar language).

It's true that it really depends on where you are as an entrepreneur. We currently have 2 such mastermind groups running with more experienced founders, and assuming you're on the same 'level', if you join one of these, you're definitely able to both give and receive plenty of value (in terms of advice, ideas, etc.)

With regards to amateur marketers and idea predators, I do not share that experience. Almost everyone in our community is already working on an idea or company, and while some do offer B2B services, they are not actively pitching those to others. Rather, they try to help each other by giving feedback and often simply help others for free.

I'm happy to talk to you about it some more if you're interested. And thanks for the feedback, those are clear pitfalls that I have to look out for when we grow this community further.