
Today at the F.ounders 2013 event at NASDAQ MarketSite in NYC, Foursquare’s Dennis Crowley joined Wired’s David Rowan
Crowley spoke on the current state of Foursquare and what exact kind of business it now is as it enters a stage of life where it is now attempting to generate revenue.
“We build apps for mobile phones that help them find the best stuff nearby, said Crowley, noting that it had moved away from the early badges and gamification elements. “it was a gateway drug,” he says. It allowed Foursquare to collect the data that it’s now using to provide the recommendation engine service that it has recently become.
“Four years later, there’s fewer of those competitors. Our sole focus is building mobile tools to figure out what’s nearbythat’s the only thing that we do,” said Crowley. “Our users know us for local searchthat gives us a unique, defensible position.”
Read also:
Foursquare Dishes on the Future of Location (PC Magazine)
At #SXSW2013 Foursquare CEO Says App No Longer Requires Check in (NY Convergence)
Explore: 3 additional articles.