Jeff Glueck

Absolutely, glad to be on your podcast.

Yeah, absolutely.

I joined Foursquare now three years ago.

And when I joined, the company was in an evolution.

The hot social network of 2011, 2012 had slowed, but we still had over 50 million people in over 160 countries using the apps.

But we had developed this incredible technology, which I think we'll talk about, called Pilgrim.

And we saw, when I joined, a way to turn that into a very powerful enterprise business.

So, you know, the company's early valuation was very much based on that kind of crazy question, would this be the next Facebook?

Would this be the next, you know, Twitter of the day?

And that was never a sort of realistic thing in the cards.

It was never Dennis Crowley, our founder's ambition.

And he really wanted to build a guide to the real world and understand when people were walking in and out and do what he calls contextual computing.

So all these expectations were put on the company and it had a valuation that was completely made up because it wasn't based on revenue.

When we did our new funding, when I came in as CEO, I approached it like, if let's set this company up, it's going to grow very fast, like a public company.

We'll value it rationally as a multiple revenue, and it'll grow as we're growing over 60% now three years in a row.

Our valuation just keeps going up now, but it's on a rational basis.

The way we'd be valued as a public company more as an enterprise and media company than a, you know, the next Instagram or Snapchat.

And I think that's real and it's authentic and sustainable.

Well, I think there's all kinds of companies in the space from Trade Desk to Yext and others, as well as companies that have hybrid models like us akin to LinkedIn, where you have this really powerful community

in our case, people mapping the world.