The trouble with an app like this is that if it works and people become friends they'll probably just switch to the lowest common denominator/free platform, e.g. facebook/whatsapp to coordinate, so monetisation could be tricky. I.e. if your app is 100% efficient, people may use it once then not return.
You also have the added challenge of seeding this "two-sided" marketplace (people suggesting activities and those saying they'll attend) in every locality you want to operate in, so you'll need a compelling growth strategy. It also sinks or swims on people actually turn up for events.
Good luck - I do think Meetup sucks and could be far better, but I think you'd need a lucky break/very interesting twist to really gain traction.