Foursquare Investor: It Doesn't Have A Ton Of Revenue Yet

fred wilson techcrunch

Photo: Business Insider / Matthew Lynley

Fred Wilson, speaking on stage at TechCrunch’s TechCrunch Disrupt conference in New York, said Foursquare “doesn’t have a ton of revenue yet.”Foursquare is considered one of New York’s hottest startups — but it doesn’t appear to be in the top echelon of revenue-generating companies in Union Square Ventures’ portfolio.

Wilson said Union Square Ventures has a company in its portfolio that generates $75 million annually in revenue and $150 million annually in revenue.

Mike Arrington, former TechCrunch editor and now venture capitalist, suggested that online marketplace Etsy, another New York startup, was one of those companies.

Wilson didn’t confirm or deny that it was Etsy.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at