I belong to a Guild that does limit membership to 50. Our meeting place can't hold many more than that, but the founders idea was to keep things small so everyone would have the chance to get to know the others. When I moved to this area, I had to wait 5 months to get in. I totally understood their rules, and didn't feel hurt or inferior! We have meetings once a month, on Saturday morning. We also have speakers, demos, challenges, sew-ins, etc. There is a much larger Guild in the area, but I really haven't been interested in joining.