Foursquare Acquisition Leaves Equity Holders with No Returns

• Foursquare raised $411 million in funding, but equity holders received no returns from its acquisition.
• Foursquare co-founder Dennis Crowley expressed deep disappointment and heartbreak over the company's decline.
• The company decayed after a private equity investment, according to Crowley.
• Crowley apologized to employees for the disappointing outcome of the Foursquare story.
• PitchBook data confirms Foursquare's substantial funding, yet equity holders saw no financial benefit from the acquisition.