--- title: "Party Startup Says It Has Zero Plans to Make Any Money With Investors’ Funds" description: "The Partiful event invite startup has admitted that it won't be turning a profit with investor money — but will be partying on regardless." date: "2023-02-01" modified: "2023-02-01" authors: - name: "Noor Al-Sibai" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/nooralsibai" url: "https://futurism.com/the-byte/partiful-startup-investors" categories: - "Future Society" tags: - "apps" - "finance" - "Startups" - "the digest" --- # Party Startup Says It Has Zero Plans to Make Any Money With Investors’ Funds ![The Partiful event invite startup has admitted that it won't be turning a profit with investor money — but will be partying on regardless.]() *\Image: Getty / Futurism\* ## Party Party An event invite startup that bills itself as "Facebook events for hot people" has admitted that it won't be turning a profit with the money investors put into it. In a very matter-of-fact post, the company [declared on Twitter]() that the venture "will not make money," that the app has "no pitch at scale" and a small target market with little opportunity for growth. "Investors gave us money to help u party and that is what we are here to do," the account tweeted. "Enjoy it babes." ## Interested Investors The hilarious pitch seems to have been spurred on by [some random guy]() who claims to be in "event tech" and who tweeted his predictions for Partiful's future as a for-profit venture given that it currently, in his words, has "too many competitors to charge or run ads." "My guess is it will be purchased by a large alcohol/party brand," the random tweeted. The joke appears to be on that guy, however, because the responses to the bold, [zillennial-minded]() avowal were overwhelmingly positive and even included [some investment interest](). "\[I don't care\] if this is a joke or not," [tweeted investor Ben Trinh](), "I now will only use \[P\]artiful for party planning going forward." "This is the marketing love language I speak," another user posted. "[Party on]() babes." Not everyone's as stoked by the admission, however. In another post, a user suggested that Partiful is the "Moviepass of fun," referencing the movie theater subscription service that went belly-up in 2018 and is currently trying to [make an attempt at a comeback](). It's no secret that in the post-COVID lockdown world, the [house party is back]() in a big way. Leave it to a youthful group of app creators who [just got their very first intern]() to capitalize upon the resurgent party culture while admitting, with sarcastic aplomb, that [money isn't everything](). **More on app culture:** [*Furious Customers Trash Bank of America and Zelle For Somehow Losing Their Money*]() ## Author At Futurism, I've often been drawn to unpacking the narratives that underlie technological, scientific and medical progress, with a special interest in areas of conflict and ambiguity that end up setting agendas and steering the fates of both elites and the hoi polloi. I'm a committed generalist, but I often find myself returning to work involving NASA and the private space sector, the effects of AI on media and society, and the mechanics of the pharmaceutical industry, with a specific focus on the spread of GLP-1 drugs like Ozempic and Wegovy. Prior to Futurism, I worked for publications ranging from Media Matters and Truthdig to Raw Story and Bustle. I'm also the author of "Myspace Scene Queens," a 2024 title in Instar Books' acclaimed "Remember the Internet" series. My work at Futurism has been cited by outlets including the New Yorker, Slate, Nieman Lab, the Verge, the MIT Technology Review, the Sunday Times, and the Daily Beast. I grew up in North Carolina, attended the University of North Carolina at Asheville, and now live in Brooklyn, New York. In my free time, I'm an avid reader and music fan; you can probably find me at a local poetry reading, concert, underground rave, or DJ set. I'm the proud parent of an ineffable orange cat named Mee-Mow. ### Author social links [Bluesky]()