Tuesday 12 July 2016

Weave shutting down professional matchmaking service, says wasn't 'financially viable'

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It can be hard to meet people professionally, but Weave sought to make a go at it by offering a concierge service that would pair you with someone of interest on a weekly basis. Unfortunately things didn't pan out so well and on Monday, the company will be shutting down its operations because it just wasn't “financially viable.”


In an email delivered to customers today, Weave cofounder and chief executive Brian Ma wrote that in the past three years, the service was able to “create hundreds of thousands of new professional connections,” some that eventually resulted in investors, mentors, coworkers, and cofounders being paired together.


Weave is informing users that they can download a list of their matches by emailing the company. Premium members will also receive a refund for the month.


Previously billed as “Tinder for LinkedIn,” Ma's team pivoted in January to being a talent-based concierge. At the time, he told VentureBeat: “Traditional networking takes work. Most people don't do it simply because they don't have time to hunt for the perfect connection or opportunity. Weave brings people to you. We make networking so easy, there's no excuse not to do it.”


We started Weave to make expanding your professional network easy, productive, and enjoyable. In the last 3 years we've created hundreds of thousands of new professional connections. Connections that became co-founders, investors, mentors, co-workers, and friends. Your stories were what made working on Weave so fun and fulfilling.


While Weave became the primary source of new professional connections for many people, we were unable to make it financially viable. As of next Monday, we will be shutting Weave down.


Thank you so much for being part of our community. You made time to meet and help complete strangers. You were what made Weave great.


The Weave Team


PS: If you'd like to download a list of your matches, respond to this email and let us know. Premium Members will receive a refund for this month.



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Weave shutting down professional matchmaking service, says wasn't 'financially viable'

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