...The clubs, which operate primarily in America's biggest cities, say they aim to recruit diverse members at the top of their respective fields. Magnises has about 30,000 members, Select more than 10,000 and Founders Card around 20,000; those who want in can find themselves on a lengthy wait list. The clubs say their ultimate goal is building relationships, and while they have no age restrictions, millennials make up the bulk of their membership—spurred by their values and their habit of moving frequently to new cities.
Unlike the country clubs and university clubs beloved of older generations, these new clubs eschew the brick-and-mortar clubhouse completely, relying instead on relationships with local businesses to host events....
...Select's secret sauce has resulted in a membership base with an average income of $280,000 a year—considerably more than the average American earns, and especially impressive for the notoriously debt-ridden millennial demographic....
..."Country clubs aren't catering to millennials," he said. "I tried golf; I hated golfing. I can't see myself spending the rest of my days building relationships while walking with a stick, hitting a ball."
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