From the filing, we learn:
- The total offering is actually $19,999,996. (The other $4 must have gone to Starbucks.)
- Foursquare’s founders — Dennis Crowley and Naveen Selvadurai — took home $4.64 million in this round, the company confirms to us. (Nice!) Specifically, the filing says $4.64 million “has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters.”
- That leaves $15.4 million for the company to spend on growth.
- Foursquare’s official name is Foursquare Labs, Inc. It used to be called Foursquare All-Stars LLC.