Foursquare co-founder says equity holders saw no returns from the company's acquisition

Last month, advertising company Infillion acquired location-data platform Foursquare, a once popular social network, at an undisclosed value. Now, in a new blog post, Foursquare co-founder and former CEO Dennis Crowley said that investors didn’t see any returns from the sale. Crowley referenced a post by an angel investor, inferred that neither preferred nor common stockholders got any value out of the deal, and said he was disappointed by the outcome. “I was heartbroken by this ending.