Foursquare Founders Take Home $4.6 Million From Series B Round

The SEC filing for Foursquare‘s $20 million Series B round, led by Andreessen Horowitz, just hit the wire.

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.

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