Foursquare - $20 M raised in VC funding
Foursquare, the location-based social networking site that we discussed in class in the beginning of the course, has just raised $20 Million in Venture Capital funding from the VC fund Andreessen Horowitz.
Not bad, eh?
Looks like there are good times ahead for the people behind FourSquare!! Marc Adreessen (the Netscape founder) is counting on a rapid growth in the smartphone market to justify his firm's investment in Foursquare. Facebook and Google (Google Latitude) are reportedly working on location-based social networking as well.
PS: This is what I had to say in an analysis on Foursquare's business model.
Not bad, eh?
Looks like there are good times ahead for the people behind FourSquare!! Marc Adreessen (the Netscape founder) is counting on a rapid growth in the smartphone market to justify his firm's investment in Foursquare. Facebook and Google (Google Latitude) are reportedly working on location-based social networking as well.
PS: This is what I had to say in an analysis on Foursquare's business model.
A perfect moment to bring back your analysis... ;-)
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