Geolocation mobile app company Foursquare has been around for a few years and is used by millions of users. Generating revenue from these users has been challenging for the company, but Foursquare’s revenues has been explosive over the past year.
Foursquare generated around $2 million as a whole last year, but this year Foursquare is expected to hit around $15-$20 million in 2013 revenues. These numbers were revealed by Foursquare investor Ben Horowitz.
Horowitz told Fast Company’s Austin Carr that the company has already generated four times last year’s revenue.
[Source: Fast Company]