A new PrivCo report says Foursquare will fail by the end of 2013. According to PrivCo's sources, Foursquare is missing venture capitalist's projections, and even its own projections, quarter after quarter. PrivCo thinks investors will get tired of this and sell their shares by year-end for less money than they initially invested.
If you're working with a device made by Microsoft (or running a Microsoft-made OS) right now, get ready to see a whole lot more of Foursquare. Microsoft has just invested a cool $15 million USD into the check-in app ecosystem, allowing them to agree to a "strategic partnership" which has Microsoft becoming Foursquare's number-one source of revenue.
One of the stranger mysteries of Facebook's $1 billion acquisition of Instagram is this: Why does Facebook allow Instagram to use Foursquare for photo-location services when Facebook has its own location app, Check In?Facebook and Foursquare are competitors.
It's a question all startups have to answer between giant fundraises and figuring out business models.Some growing companies, like Twitter and Facebook, handle adolescence well. For others it's awkward and takes serious soul searching to find a place in the business world. Klout is one of those companies.
For the longest time, people have said mobile phones would revolutionize local advertising. Specifically, they've described serendipitous moments where we'll walk by a Dunkin Donuts and BAM! Our phones buzz with the very ad for a Chocolate Coolata we were craving.
Foursquare is still making gains in users and check-ins, with the company reporting in December of last year that it had reached 45 million registered users and surpassed 5 billion check-ins. That's up from January 2013, when Foursquare had 30 million registered users, a 50% gain in just under one year. (Foursquare did not say how many of those registered users are active each month.
been traveling, riding around on a new Vespa, and figuring out what's next."Tristan and his team are tackling real worlFoursquare's first designer, Mari Sheibley, left the company in late 2012. She had been there four years. Since then, she's Now she's joining a startup run by another early Foursquare employee, Tristan Walker.
SoundCloud just raised a new round of funding, which values the music-sharing startup at roughly $700 million, according to The Wall Street Journal . SoundCloud reportedly raised over $60 million from IVP and the Chermin Group late last year. Kleiner Perkins Caufield & Byers, GGV Capital, Index Ventures, and Union Square Ventures also participated in the round.
Foursquare just raised a bunch of money, again. This time it’s a Series D round of $35M , back in April of this year it was $41M in debt financing . The company seems to keep being able to convince people there’s something of value in its global location service.
In this week’s episode of Ask A VC, Spark Capital founder and general partner Bijan Sabet joined us in the studio to talk about investment syndicates and much more.Sabet was one of the early backers of Twitter (which just filed its S-1 with the SEC for a public offering yesterday) in 2008 and served on the company’s board from 2008 to 2011.
It's easy to think of Foursquare as an app you use on the go: it's what you use to check in places, get a mayor's crown, let your friends know you're about to eat a taco. That sort of thing. Now, though, Foursquare is teaming up withGrubHub Seamless, allowing you to order delivery from local restaurants -- without ever actually setting foot there or checking in.
VC Charlie O’Donnell, who has worked at both First Round Capital and Union Square Ventures, is announcing the second raise, of $8.25 million, for his New York City-based, early-stage VC fund Brooklyn Bridge Ventures .
As soon as Twitter filed its paperwork to go public, reporters scrambled to make sense of it all. Two bits of news circulated about Twitter's investors that weren't true. The truth is buried here, in a deep dive about Twitter's history and founding.1. A man named Peter Fenton does not own 6.7% of Twitter. But his firm, Benchmark Capital, does.
Following the first of two days' worth of hearings on how state law might treat Bitcoin, Litecoin and their digital cousins, New York Department of Financial Services Superintendent Benjamin Lawsky admitted to reporters he'd initially been quite wary of them, but that he's since come around to their possible usefulness.
On March 26, 2012, a new media startup called Upworthy launched. Now it has 50 million monthly unique readers.Almost all of its readers come from Facebook. The headlines, which Upworthy's editors toil over, leave much to be desired and tug at heart strings.
“In healthcare there is a tech stack around genomics, digitization, biometrics, analytics, and actual cures; one of the things that ties that all together is insurance,” said Singerman.“Launching a new insurance company is not something that happens very often. While you could launch a new insurance company without the Affordable Care Act, the catalyst it gives you by being on the same page as the big incumbents is unprecedented.”“The thing to keep in mind… with the healthcare industry is that it is far bigger than tech.
Some companies have even graduated from the CircleUp round to go on to larger follow-on financings, Eakin said.CircleUp , a crowdfunding service for startup consumer goods companies,has landed Virgin America as a partner for the food and beverage companies it backs. It’s the latest example of how corporations increasingly are embracing the wisdom of crowdfunding. The U.S.
Foursquare's rolling out a new Android app, adding in new motion effects and integrating some of this month'siOS tweaks. That first feature, best known in the video community as the "Ken Burns effect," animates location header images with panning and zoom.
After all the VC deals that get done at Blue Bottle Coffee, it’s only fitting that Blue Bottle Coffee’s fundraising be one of them. The tony coffee brewery announced its $25.7 million investment, completed at its flagship store in Oakland, earlier today.