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Four VC Firms Battle For Foursquare, Valuation Goes Stratospheric

• faramarz 17y ago
  Surely this will help Gowalla in their future fundraising effort too.
• blippo 17y ago
  Yah! and 30% of that value comes from TC that is making 3 articles a day about foursquare, driving 30.000 users/visitors to them each day. ahahah
  • lenley 17y ago
    Foursquare, square, blippy, any other TC favorites?
    • sinzone 17y ago
      more than one year ago was twitter
      • lenley 17y ago
        twitter was a great pic, foursquare as well. square and blippy I don't get.
  • acgourley 17y ago
    Surely each post has diminishing real returns, and it just doesn't feel like that to you - who reads each one.
• samd 17y ago
  Someone should just make an app that gives you deals and coupons to local stores and take all the potential ad revenue away from these guys. Maybe Yelp should solicit the small business owners to offer discounts to people who are browsing Yelp listings on their phone.
• IsaacL 17y ago
  How big is Foursquare? I keep hearing about, almost always mentioned in the same breath as Gowalla, and one of only two friends who use it told me it's "massive in the states" (I'm UK based). To me it looks like a fad, but if Marc Andreesen thinks its worth investing in, there must be something to it. Is there?
  • wdewind 17y ago
    They are now around the 650,000 mark. I can't really imagine what is giving them such a valuation besides the veteran status of the people involved. $70 million for < $1million users seems completely 1999 (Mint.com was valued in the $3-4 million range when they had 1 million arguably far more monetizeable users). Plus with Facebook's own check in platform coming out soon my feeling is they are about to be crushed. Am I missing something?