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 wrote on blog regarding his appointment. Top VC firms 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."
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