Foursquare funding
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As we alluded to two days ago , the location-based social network Foursquare has just raised its first round of funding.
Foursquare Gets $1.35 Million To Play With From Union
NYC-based mobile social networking service Foursquare has raised a $1.35 million round led by Union Square Ventures, according to a SEC filing . With almost 40,000 registered users since launching in March, Foursquare is currently mostly used to see which bars or restaurants your friends are at , based on where they "check in" from their iPhone (or other mobile device). But there's plenty of location- and social-based directions the company can take its service.
Foursquare Raises $1.35 Million, Led By Union Square Ventures
Foursquare's Valuation More Like $6 Million
Earlier this week, we estimated -- based on a semi-educated guess -- that Foursquare's recent financing valued it between $7 million and $14 million.
Yahoo Considers Buying Foursquare For ~$100 Million
Update: The Real Reason VCs Think Foursquare Is Worth $100 Million Earlier: Yahoo's M&A deal-makers are deciding right now whether or not to buy super-hot location-based startup Foursquare for ~$100 million, says a source close to bankers involved in Foursquare's current fundraising efforts. A source close to Yahoo told us a Foursquare-owned Yahoo "would be nice."For most people, this $100 million valuation probably seems…crazy. After all, Foursquare is only a year old, doesn't even have a million users yet, and revenues are still a distant dream.
Foursquare Is Worth $100 Million
Foursquare Will Take Funding From Khosla Ventures -- We Bet
If only just to get it over with, we're prepared to stick our necks out on what's going to happen next in the great Will-Foursquare-Take-Funding-Or-Sell-To-Yahoo saga . We think Foursquare will turn down Yahoo's $100 million offer and take about $10 million to $20 million from Khosla Ventures at an $80 million to $100 million valuation. Here's why we're convinced:
In an unusual move for a venture firm chasing a hot start-up, Andreessen Horowitz said it has dropped out of the race to be an investor in social location company Foursquare.
Exclusive: Andreessen Horowitz Drops Out of Funding Race for Fou
According to numerous sources close to the situation, Foursquare is in the final stages of striking a funding deal with the very venture firm–Andreessen Horowitz–that had publicly dissed the hot social location site and walked away from earlier talks.