Correction: We jumped the gun and can only apologise. According to Foursquare founder Dennis Crowley the company has yet to cross the 9.3 million mark.
In atweet, he says
“4SQ didn’t crack 10m yet… I was just rounding up / predicting future! #soontho #prob9.3m?”
Reaching 8 million at the end of March, and 9.3 million now – we can assume the location based startup
–
Foursquare CEO Dennis Crowley has justannouncedthat the location startup has surpassed the 10 million user mark.
The startup which was, inhis own words, “born around the kitchen table from the ashes of everything elsehe’s done“, reached the 8 million mark at theend of March, therefore growing by 2 million members in just a month a half!
It’s easy to forget the company only launched in March 2009, reaching 10 million members in just over two years. Direct competitors Gowalla however only surpassed 1 million members inFebruary of this year– no small feat in its own right.
It’s a major milestone for Foursquare that has seen it seemingly breeze through Facebook’srecent movesinto the location space. Its continued growth stems from a relentless effort by the company to remain a step ahead of competitorsGowallaand thebehemoth that is Facebook. With a flurry ofnew hires,new features(for users and developers alike) and a total of $21.4 million in funding from Ashton Kutcher, Andreessen Horowitz, Union Square Ventures and others, Foursquare is still very much one to watch out for.
The announcement came during Syracuse University’siSchool Convocationspeech. Crowley graduated from the university in ’98 with a bachelor’s degree in Advertising and was invited back as an honored guest and speaker.
Image Credit /Nan Palmero
Story byZee
Former CEO of The Next Web. A fan of startups, entrepreneurship, getting things done faster, penning the occasional blog post, taking photos(show all)Former CEO of The Next Web. A fan of startups, entrepreneurship, getting things done faster, penning the occasional blog post, taking photos, designing, listening to good music and making lurrrve.
Get the TNW newsletter
Get the most important tech news in your inbox each week.
