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Foursquare Raises $1.35 Million, Led By Union Square Ventures
- aditya 17y agoI wonder what the terms were, given this funding environment and the fact that most previously funded companies are doing down rounds...
- jeremymims 17y agoI'm sure the terms were relatively favorable. Dennis has a good track record, having sold dodgeball to Google a few years back. Foursquare is the only purely mobile social network I use and it's terrific. I suspect their growth rate looks like a hockey stick in the metropolitan areas the app works in.
- slpsys 17y agoRe: the hockey stick--m..maybe? This is entirely anecdotal evidence, but the "San Francisco" network spreads pretty far across the entire Bay Area (which is pretty quick to adopt services like this, obviously), and you can still find yourself within the top 1,000 checking in once or twice per week (e.g. using the service). Back of the napkin with those figures, I'd estimate regular usership between 10k-20k. Granted they're branching out to new areas and new devices all the time, but I'd still say they're just getting to the blade of that hockey stick.
- sachinag 17y agoI'm a bit surprised that they only have 40K users since SXSW. I mean, it's 1) a really great app and 2) "won" SXSW. There are certainly things I'd change about it if I were the PM, but only 40K users is a bit scary given how good the database, marketing, and use cases are.