Posted 12/19/2013 at 4:58 PM
Posted 3 years ago
New York-based Foursquare have shown resilience, forbearance and resourcefulness. Resourceful, in that they netted the energetic Barry Schuler of DFJ Growth, who led the Series D round whereby Foursquare netted $35 million.
Foursquare are confident that the new passive awareness technologies point the way towards taking their company to a new level. Foursquare’s CEO Dennis Crowley, who is the co-founder, incidentally of the firm, can breathe a confident sigh of relief that the company didn’t cave in and become an acquisition of Apple or Yahoo. It was a fate for Foursquare that didn’t seem unlikely not too far back in time.
Foursquare’s social locale app can boast a community of 40 million people throughout the world.
Resilience, forbearance and resourcefulness are perhaps the top three attributes a successful business must have, as is my humble opinion, to endure and grow.
And New York is one heckuva place to be to do business. Just ask Donald Trump.