“That’s particularly the case when you factor in Foursquare’s API which is also used by Path, Instagram, Uber, Evernote, Garmin, Vine, Magellan, and – you guessed it! – Waze.”
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Is Waze overvalued or is Foursquare undervalued? | PandoDaily (via fred-wilson)
It all comes down to perception and positioning of the application. The core location data in Foursquare might be more valuable, but it still gets unfairly tagged as a game or a lightweight Yelp.
Ah, 2009, when everybody and their VCs were jumping onto the gamification bandwagon. Good times.
If I recall correctly, Dennis has now gone on record saying that Foursquare spent too long pushing the “game” aspect of the service, but what a lot of us missed — and to Mark’s point, still miss — is that Foursquare’s gamification was always pretty clearly a means to an end.
I’m still long Foursquare.
