I was just telling someone yesterday that there's no way this deal currently makes much money for them. More and more people bring their own access or just go without. They're better off making it free (or ad supported... click through two video ads to login or something) and getting more fannies in the seats. Now, every Starbucks can be an incubator. :)
I invest in seed and pre-seed NYC startups at Brooklyn Bridge Ventures. Native Brooklynite, 14x triathlete, 4x 70.3, 4x marathoner, softball player, hockey goalie. Check out my This Week in Startups interview or check out my bio here. Also, this is me SEOing myself by linking to Charlie O'Donnell, and Charlie O'Donnell and more Charlie O'Donnell. PR people, do not pitch me to cover your story, as this is my personal blog. I'm not a journalist.