Foursquare is
getting a new chief product officer in Alex Rainert, who -- along with
Foursquare founder and CEO Dennis Crowley -- co-founded Dodgeball back in 2000. Google bought Dodgeball -- which let users share their location with friends via text message -- in mid-2005, before
shutting it down in early 2009. “We’ve got a bunch (a ton?) of things we want to do, some of which you’ll see pretty soon,�
Rainert
blogged regarding his appointment. Top VC’s are reportedly scrapping for a piece of
Foursquare, which they’re now valuating at $100 million. Meanwhile, Kevin Rose, co-founder of content ranking site Digg and a Foursquare investor recently said:
“Foursquare felt very much like Twitter did a few years ago.�
