Thursday, April 25, 2013

Foursquare’s Dennis Crowley To Join Us At Disrupt NY

Only three days left to scoop up TechCrunch Disrupt NY tickets! You can get them here. And view our amazing speaker lineup here.

Foursquare’s Dennis Crowley has had a helluva April. The company just closed a $41 million debt round from Silver Lake Partners and Spark Capital, Andreessen Horowitz, O’Reilly AlphaTech and Union Square Ventures, and released a revamped iOS app. Yahoo M&A has also reportedly been sniffing around.

In an effort to foster promising web growth, the company launched a browser-focused redesign yesterday: “Foursquare is quietly breaking through as a place for information about venues,” wrote Drew Olanoff, “its most prized asset.”

The company has 33 million registered users and 50 million unique monthly visitors and now has to come up with a plan to compel them to keep coming back. Is its value as a social company or as a massive location-data-review company? And though some, like Valley angel Keith Rabois, are skeptical of Foursquare’s future, existing investors have faith. “This will be a very important public company one day,” said Bijan Sabet, a general partner at Spark Capital. “And I am in no rush.”

Keep reading…

News Timeline



From Our Sponsor