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Small startups likely to be first M&A for Foursquare

Published October 19, 2011 at 4:00 AM


"When we think about acquisitions, the first potential area we would focus on is talent acquisitions -- buying small startups that might have two or four or 10 brilliant engineers and product folks who, for whatever reason, have not quite gotten traction in the market and are looking to join a slightly bigger ship with more momentum," says Foursquare Labs Inc. general manager Evan Cohen in this video interview with The Deal Pipeline shot at the company's New York headquarters. Acquisitions may play a role in Foursquare's expansion abroad, for which it raised a $50 million round in June from Andreessen Horowitz, O'Reilly AlphaTech Ventures LLC, Union Square Ventures and Spark Capital Partners LLC. "Our first strategic focus is to try to build teams, first in Europe and then potentially in Asia, but if we have too much trouble competing and growing quick enough, we'll be very open to making acquisitions," Cohen says. Further down the road, Foursquare may consider buying product sets or technologies to integrate with its service, but "I don't think we're at the stage where we're seriously considering those kind of buy-ins," Cohen says. - Mary Kathleen Flynn






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