Foursquare Won't Be Facebook and That's Just Fine, Crowley Says
- New valuation is more in line with business model, ex-CEO says
- Co sets goal for $100 million in sales `not too far out'
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Foursquare is not the next Facebook and that’s the way co-founder and Chairman Dennis Crowley likes it.
“A lot of the old valuation baggage that we were carrying was tied to this idea that we have to become Facebook someday,’’ Crowley said at a Cornell Tech event at Bloomberg’s headquarters in New York.