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Foursquare Co-Founder Says Equity Holders Got Nothing From Infillion Deal

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Foursquare co-founder and former CEO Dennis Crowley said preferred and common stockholders received no returns from Infillion's acquisition of the location-data platform last month. Foursquare had raised more than $411 million and posted consecutive years of $100 million-plus revenue before shutting down its consumer app in 2024. Crowley attributed the outcome to management following the company's 2021 CEO transition. His account covers the returns to equity holders in the Infillion deal; it does not address what Infillion paid or the terms of the transaction.

AI-generated from reports · 2 hours agoUpdate

Latest updatesOct 21 22:03
Foursquare Co-Founder Says Equity Holders Got No Returns From Infillion Acquisition

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Oct 21
  1. TechCrunch Venture
    Foursquare Co-Founder Says Equity Holders Got No Returns From Infillion Acquisition

    Foursquare co-founder and former CEO Dennis Crowley said preferred and common stockholders saw no returns from Infillion's acquisition of the location-data platform last month. Foursquare had raised over $411 million and posted consecutive years of $100 million-plus revenue before shutting down its app in 2024. Crowley blamed the outcome on management after a 2021 CEO transition.

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