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March 5, 2012 04:16 am GMT
Spark Capital isn't the only existing investor buying up Foursquare employee stock in an up round, I've learned. Legendary investor SV Angel is, too. That's an unusual move considering that the firm typically focuses on early-stage deals. Why?Yes, there's the promise of Foursquare becoming the way that you find interesting people and locations around you, the source of data for deals, discovery and yield management. But there's a more human reason why these investors are going out of their way to get more stock at a higher price, too. And its name is Dennis Crowley, chief executive officer.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rj5q7v-CaGk/
SV Angel Also Buying Up Foursquare Stock. Dennis Crowley Emerges As Big-Company CEO
Spark Capital isn't the only existing investor buying up Foursquare employee stock in an up round, I've learned. Legendary investor SV Angel is, too. That's an unusual move considering that the firm typically focuses on early-stage deals. Why?Yes, there's the promise of Foursquare becoming the way that you find interesting people and locations around you, the source of data for deals, discovery and yield management. But there's a more human reason why these investors are going out of their way to get more stock at a higher price, too. And its name is Dennis Crowley, chief executive officer.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rj5q7v-CaGk/
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