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Foursquare

What
The social, location-based app aiming to turn a fast-growing community into a revenue-generating business.

Disrupting
Advertising, retail, search markets.

Vital Stats

Source: Foursquare
  • Over 30 million users worldwide
  • Over 3 billion check-ins, with millions more every day
  • Over a million businesses using the Merchant Platform
  • Foursquare "mayors" are given special deals by merchants
  • In true Foursquare location-oriented form, founders note that they built the Foursquare prototype in two downtown NYC cafes: Cafe OST and Think Coffee
  • Clients include Starbucks, HIlton, Starwood Hotels, Best Buy, American Express, H&M, and eight of the top 10 U.S. quick service restaurant chains and eight of the top 10 U.S. retailers.

Headquarters: San Francisco
CEO: Dennis Crowley
Year Founded: 2009
Number of Employees: 150
Funding: $112 million
Key Investors: Andreessen Horowitz, O'Reilly AlphaTech Ventures, the Silver Lake Waterman Fund, Spark Capital, SV Angel, and Union Square Ventures

On Disruption

"Disruption comes from solving problems in unconventional ways and forcing people to re-imagine the world we live in . At Foursquare, we’re constantly thinking about re-inventing the ways we use technology to interact with the real world, often finding solutions that weren't possible even a few months ago." -Dennis Crowley, CEO

Technology

  • Tech a future job killer?

    Looking to the future, Matt Barrie, Freelancer.com CEO, Cynthia Breazeal, JIBO founder; and Eric Horvitz, Microsoft Research, discuss the impact technology will have in the workforce.

  • Audience members watch a movie through 3D glasse at an IMAX theatre in Wuhan of Hubei Province, China.

    U.S. tech firms have been encountering growing hurdles in China. Here's what Jim Oberweis would avoid and what he would buy.

  • Hewlett-Packard

    HP reported strong notebooks sales in its fiscal second quarter, adding that its planned split into two companies is on track.

Latest Special Reports

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