Four VC Firms Battle For Foursquare, Valuation Goes Stratospheric

techcrunch.com

22 points·fnazeeri··9 comments

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?

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?

Surely this will help Gowalla in their future fundraising effort too.

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.

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

Foursquare, square, blippy, any other TC favorites?

more than one year ago was twitter

twitter was a great pic, foursquare as well.

square and blippy I don't get.

Surely each post has diminishing real returns, and it just doesn't feel like that to you - who reads each one.

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