Milestone: Foursquare hits 10 million users - Apps. In January of this year, Foursquare published this fantastic infographic, visualising its 3,400% growth in 2010.
In May of this year, Foursquare hit 9.3 million users and boasted 600 million checkins total, averaging 3 million per day from its nearly 10 million users. It’s been an exciting 2 years for New York City’s darling location-based startup. And today, it officially announces 10 million Foursquare users. Over 400,000 businesses use Foursquare to connect with customers, and 10,000 developers build their own location-based apps using Foursquare’s API.
It’s easy to forget the company only launched just over two years ago around a kitchen table in the East Village. We’ve been waiting for the official word since we were first tipped off in early June when co-founder and CEO Dennis Crowley tweeted the following: Love the Foursquare team?
Fourquare vs Facebook. Foursquare Marketing. Foursquare product evolutions. Foursquare biz dev deals. One Year Of Foursquare. Our portfolio company Foursquare turned one year old yesterday.
They posted about their birthday on the company blog. It is stuff like this that makes startups so fun to be around: It was exactly a year ago when Naveen and I flipped the switch on foursquare. It was the day before we headed down to SXSW – back when we were still feeling 50/50 on whether people would think the “let’s turn real life into a game!” Idea was really interesting or whether they’d laugh us out of Austin. We took separate flights. One year later, Dennis and Naveen head back to SXSW with a company of 16 people supporting them and 500,000 users checking in almost 300,000 times daily. Foursquare's Dennis Crowley Talks Revenue, API, Brands, and "Bey. I just sat in on a fascinating panel here at SXSW in which Dennis Crowley gave us quite a glimpse of how he views his surging company, Foursquare, and where he would like to lead it.
In particular I was struck by Crowley’s emphasis on Foursquare as a social experiment – he seems determined to use the game dynamics as tools, first and foremost, to improve the quality of people’s lives. He wants people to go out and explore – try new restaurants, explore new bars, and travel to new cities. In Crowley’s vision, the aggregate of all of these individuals being pushed to get out there and explore will be a “smarter city guide.” Here are some other tidbits:On Revenue Foursquare spent a lot of time exploring mobile ad networks and traditional display ads, but it “just didn’t feel right.” On the big brand side, Crowley spoke quite a bit about Foursquare’s deals with big brands like The New York Times and Bravo where branded badges and content are tied to specific, relevant check in achievements. Foursquare’s Next Move: A Big Funding Round. Start-up-of-the-moment Foursquare has lots of buzz, a rapidly growing user base and a triumphant tour of South by Southwest under its belt.
Next task: Raising a pile of money. Sources tell me that the mobile social network, which lets you tell your friends where you are, is lining up a new round of financing to bolster the $1.35 million it raised last August. CEO Dennis Crowley declined to comment. I don’t know how much the year-old company intends to raise or the valuation it’s looking for. But speculating about both is a fun pastime for venture capitalists, who agree on one thing: The company won’t have any problem attracting suitors. “Everybody and their mother is humping their leg,” says a VC who readily admits to Foursquare infatuation.
A more reasonable guess: New York-based Foursquare will wind up bringing in a West Coast-based VC, who will lead a round in the $10 million range that will value the company at something like $40 million. So what’s the appeal? Foursquare Growing Like Crazy: Up To 600,000 Check-Ins Per Day. Four VC Firms Battle For Foursquare, Valuation Goes Stratospheri. What do Accel Partners, Andreessen Horowitz, Khosla Ventures and Redpoint Ventures have in common?
Besides being tier one venture capitalists, at least one thing: They are all fighting furiously to be the lead investor in Foursquare’s next venture round. All that competition is driving the valuation massively upwards, too. A couple of weeks ago we’d heard that the deal would likely be closed at around a $50 million valuation. Today we’ve confirmed that the final price will likely be $60 million – $70 million. They’re raising around $10 million, which means when it’s all over Foursquare will be worth up to $80 million on paper. The front runner in the deal is Gideon Yu from Khosla, we’ve heard from multiple sources. What a choice, though. Dennis Crowley: Here's How Foursquare Will Fight Off Facebook, T.
Facebook buying foursquare? Foursquare’s Yelp problem (they just got time to figure it all o. This week I downloaded a new Yelp app onto my iPhone.
In it Yelp included a copy of Foursquare’s badges, which reward people for checking in frequently. Sometimes you might get a swarm badge for checking into someplace that has a lot of other users checked in too. Sometimes you might win a mayor badge for checking in more often than anyone else at your favorite restaurant or park. Well, Yelp (CrunchBase info on Yelp) has now copied the checkin gesture that Foursquare (Crunchbase info on Foursquare) introduced to us all and also they added badges of their own. I already am the baron of my favorite Mexican restaurant in Half Moon Bay. This copying behavior demonstrates to me that Yelp is definitely jealous of the attention Foursquare is getting and isn’t able to innovate on its own. This seems to be a problem for Foursquare. Yes. Here’s why. Back when I first met Steve Wozniak I asked him how an entrepreneur can build a new company that gets radically big like Apple. 1. 1. 1.
Blog Archive » Mayor of the North Pole. [NOTE: I've posted some recent developments at the bottom. ] I’ve been blatantly cheating at foursquare for the past week.
I didn’t mean to start the week this way. Most of my friends know me as a responsible father who occasionally plays piano at local open mics, and makes puzzles. Last Sunday, while checking into the Hill Street Cafe in Burbank using the foursquare iPhone app, I idly wondered, “Can I become the mayor of the North Pole?” So I tried checking into a nearby 7-Eleven. When I got home, I looked to see if foursquare had an api. This can be done on the command line using the curl program, like so: curl -u EMAIL:PASSWORD -d “vid=993842″ Try it!
This venue wasn’t actually in foursquare’s database, so I added it, using the ‘addvenue’ call. . [ Edit: Some folks have rightly pointed out that you can easily do the same thing with the mobile website (mobile.foursquare.com). Here’s the North Pole venue I made: Ultimately, I ended up adding a lot of venues. What can I say? Um, not exactly.