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.
In IT Blogwatch, bloggers check out the checkins. Your humble blogwatcher curated these bloggy bits for your entertainment.