I love in all of these posts they claim Foursquare has 10 million users. There is no way the amount of active users is anywhere close to that. So many people I know sign up, check in once or twice, and never use it again.
I honestly don't get why 4sq is worth 600M. As far as I know, their biggest asset is their user's location data; which is all in the past!!<p>At least Facebook has 'friendships' that can be leveraged as value creating entities for which users go visit the site. 4sq is not even that. I use the app to check in to places, rarely every visiting the site.<p>Someone please explain to me how is 4sq worth $600M?
"So a $50 million deal at any price wouldn’t lose money unless Foursquare winds up being worth less than $70 million."<p>I'm just in awe this was written.
The two best things about working at foursquare:<p>1) It's our job to invent the future. We copy no one; other folks copy us. Every single day we're try to build new tools that change the way folks relate and interact with the cities they live in. It's super hard, and we don't get it right all the time but we keep pushing forward and we feel like we're on to something good.<p>2) We have the best engineering team of our size at any startup in the country. Everyone on the team is just incredibly sharp, hard working, and passionate about what we're doing.<p>Want to find out more? Check out <a href="http://foursquare.jobs" rel="nofollow">http://foursquare.jobs</a> for open positions in both NY & SF or send me an e-mail (contact info is in my HN profile). I'm more than happy to answer questions here as well.<p>-harryh, engineering lead @ foursquare
I'm more interested in <a href="http://www.fivestarscard.com/" rel="nofollow">http://www.fivestarscard.com/</a>, which I think is a YC alum. Their customer retention model is much more intriguing to me.