/// Investors Cool on Foursquare

November 21, 2012  |  All Things Digital

Some social media start-ups are finding investors a lot less friendly in the wake of Facebook Inc.’s messy initial public offering. A few months before Facebook went public in May, venture capital firm Spark Capital Partners LLC bought $30 million of Foursquare Labs Inc. stock from the start-up’s employees in a deal that valued the four-year-old company at $760 million, people familiar with the matter said. Now, Foursquare is having a hard time convincing investors that it is worth that much money as it looks to raise around $50 million, people familiar with the discussions said. Read the rest of this post on the original site »

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Investors Cool on Foursquare

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