Foursquare CEO Dennis Crowley boots himself upstairs. In a probably related development, the company gets a new funding round, that’s said to peg Foursquare at far less than its previous valuation.
It’s a Series E round of $45 million from Union Square, Morgan Stanley, DFJ, Andreessen Horowitz, and Spark. Presumably the VCs weren’t too keen on Crowley’s handling of the location-based app company.
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Source: COMPUTER WORLD