Is Foursquare Really Worth Half A Billion Dollars?
Will the company's next check-in be worth $40 million? It might not be as easy as it was last time ...
Guess which social media company is about to check in on Sand Hill Road? Okay, the question is a dead giveaway. Foursquare, which is still a bit thin on its business model, is on the prowl for a new round of financing. The company, based near Union Square in Manhattan, is looking for somewhere between $20 million and $40 million, according to the Wall Street Journal. If it scores, the company could be valued as high as half a billion dollars.
Seriously.
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