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Dennis Crowley

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2016-10-31
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2016-10-31
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  1. Yeah, I mean, every company has different personalities, reflective of the people that help build those companies. Right.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  2. Think whenever I go wrong, when you have a vision of how things should be and you don't take the time to get the buy-in from folks, it's just like, go do this instead of really letting your teams feel ownership and why you're doing it and they get to shape it. So those are lessons I've learned the hard way.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  3. You know, I'm much better now at knowing what I'm good at and knowing what I'm not good at. And I think in my journey of trying to figure out how to go from Johnny startup CEO with two people to, hey, there's 200 people at this company. There's a bunch of things I got wrong about delegating things that I was good at or maybe holding on to things that I was bad at. And so whenever I give advice to entrepreneurs now, it's like, you know, you got to know what you're good at and you got to own those things at the business. Like I feel like I'm good at product stuff. I feel like I'm good at some of the vision and strategy stuff. But hands in operational stuff. It's not the thing that I'm passionate about. And I think, you know, now I'm in a good spot where I have a great team in place that does those things and it frees me up to do some of the things that I feel as if I'm good at.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  4. We forget that. It was a lot of pain, but ultimately, you know, new jobs are created. But the inequality effects of change are real. And I think the political ramifications, absolutely. Yeah, absolutely. And I don't think that's easy to. There's that book from your old professor Throwing Rocks at the Google Bus.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  5. What happens in employment? I'm optimistic, ultimately. Will there be jobs in the future? And I mean, I always say you go back to the mid-1800s and 80% of the population was in agriculture. And now 2% is in agriculture or less.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  6. I'm not worried that technology will keep innovating in a way that's exciting. I do think there's sort of the political implications of technology I do think about. This is a day where Uber launched the self-driving car and there's several hundred thousand Uber drivers. Yep, we talked about that earlier.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  7. What, the stuff that scares us? People on the internet joke about. If these are the problems that we're solving, like how hard our lives must be But, like, are there things in the world that will bring all of the world's big problems into perspective and then make the hard problems that we're solving every day about geolocation and finding stuff make those things seem trivial?

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  8. You know, I mean, we go through periods of being overheated or impractical. I think what's nice about coming into Force Core now is we've built all this technology and this data, but we had to go through this growing up period where we are a real business and that earns us the right to keep investing and inventing the future. And so there were periods of baloney delivery, 50 pound bags and just this like craziness.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  9. We talked about, I actually was. There's only a few periods in history where you go through this fervent that young people, and I still consider myself relatively young, can build new things. I mean, for most of human history, whether it's like the 1840s and the revolution in America, there's just like these periods of this fervent and we're in one. And I think it's kind of exciting. I mean, the 1950s life of working your way up the corporate ladder would have been stultifying. And to be 20 something and have gotten, if someone hands you $16 million, go build this idea about making travel great for procrastinators or make a game that you can play on your mobile phone that tells you where your friends are and where the best places are around you. That's cool. And I'm still excited by that.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  10. I don't know. I think that's part of the problem, right? This is the thing that I want to do. I want to make that thing Scarlett Johansson that whispers in your ear, but it's all about local places and local discovery. I want to replicate the experience of walking through a city with a friend that knows the city inside and out. And I want to make that for millions of people. And if we're not going to make it with Foursquare app isn't that thing, then we will make the technology and the data that powers it for someone else. And like, you know, that will be the legacy of what we've built, not just with Fourscore, but what we started with Dodgeball. It's like, we had these ideas. Oh, it's the same bright line. Well, we saw them all the way through completion. We didn't give up in the middle. Like when it got really hard, like when Google shot the first one down, when Foursquare got super hard, we just powered through. And eventually the stuff will exist and we'll sit back and be like, we played a hand in making that vision of the future. You're very persistent.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  11. No, I mean, this is like science fiction come to life. Like, everything's moving faster than I think people expected it to. I remember when Uber came out in 2010 and you're thinking, is this service even going to work in New York? I can hail a cab, no problem. And now this is like five years, six years later, and they're self-driving cars in Pittsburgh. That's crazy. You know, we can talk here and be like, oh, no one will ever make this augmented reality thing. Like, who's ever going to make it? It's impossible. No, but it might be February that Magic Leap shows something or someone else comes out with another version of glasses that you're like, holy cow, that's not crazy. I would wear that.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  12. Know Foursquare, we are inventing the tools that people use to make this magical stuff that will exist in the future, is that it's always changing. We had a vision for what we wanted to do with Dodgeball, and we just couldn't get it done. And instead of being like, oh, well, someone else will do it, like we waited a couple years and said, let's go build this thing again. There's iPhones, there's GPS, there's apps people know how to use it, people aren't afraid of it, let's go do it. And the things that we wanted to work or expected to work two years into Foursquare, they didn't exist. And we said. If we want to make this world, that changes based upon where you walk around, we have to build this stuff. Apple and Google will not build the geofencing tools we need. We need to build them ourselves. And then from a...

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  13. It feels like all the other ages, to be honest. When I say ages, it makes me feel super old, but there's like, we are 18 months away from being able to do the thing that we've been thinking about doing forever. And if we talk, we did this interview 18 months ago, there was another thing that was just 18 months away. And that's what's so awesome about doing stuff in this space. And what's so awesome about like.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  14. I have an echo It's fine. I mean, the only thing I do is hey, Alexa plays Spotify Discover Weekly. You got it really good. Hey, Alexa. I don't do the recipes thing.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  15. Yeah, so once someone comes out with one, it's like, actually, I can see myself wearing that for a couple hours a day, then all those ideas, I think, really start to Amazon

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  16. Two weeks ago, if we were talking about the audio cues, it's like, well, who's going to be the first to make that? And then Apple goes out and says, hey, we're going to sell this for 150 bucks and we're going to do it two weeks from now. So you can actually start playing with that stuff. When you talk about augmented reality, the only thing we have to go off of is Google Glass. Right, which was a disaster.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  17. You're describing AR stuff. I'm just imagining that scenario, and I'm thinking, how do you do that? And you could do it with.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  18. You're not allowed to touch that. This is this many calories. Starts to really shame you and horrify you. This is 599 calories in one bite, that kind of thing. That's where it gets useful. That's where I find a lot of these. I think a lot of this information that we have, even from Foursquare, from everywhere, is nearly useless because it's a flood of information that really is, you have to pick through. Which is it's sort of like all these library books on the floor.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  19. You promise not to. Actually, you want it to say put that down right now. He wants to know. Step away. To me, you'll have something in your body and it knows what you're doing. And it says stop. Put that down and pick up an orange

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  20. We think air is more at least not as nauseous inducing. But yeah, when you look at a block that you haven't been at, could you just overlay? This is an amazing place that serves short ribs and you love short ribs as you're walking by. Remember it and then you tell it to save it. Or just as you look around, just augmenting information. I think that's interesting. I think for us, a lot of what we want to do is pass. Power this and there's going to be millions of developers and some of them are going to have more creative ideas that we never imagined, but we want to be this location platform that allows developers to build contextually smart things.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  21. Of course, or Yelp, or someone else. Well, we could. We have the data and we can make it personalized. Like, oh, I saw that yesterday. Yesterday we got tacos and two days before that we're into a steakhouse. Why don't we go try this new sandwich spot? We could make something that would talk to you like that because we understand the way that people move through the world.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  22. Yeah. Well, then you could also think about things like the moment that you leave your house and you start walking east instead of west. And it's like, oh, where are you going? Imagine a friend is walking alongside of you. Like, can we make a personality like that that talks to you in that sense? And it's not crazy to think that we could do some of this stuff with audio. And it's not 30 years out. I mean, we might be playing with this stuff a year from now. Where are you going? Do you need some help finding a place? No, I don't. Okay, I won't bother you. Or yes, I do. Well, what do you want to find? You want to get some place to eat. I know of a great place to go eat. We could write the coffee.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  23. It's interesting though that in the home it's a better device. They ask for recipe number, ask for lots of lots of things. And I don't ask Siri anything because it never gives me the right answer. It just doesn't seem to know who I call a lot. And I always, you know, it should know like when I call my son and I do it all the time and they're like, which Louie? I'm like, there's one that I call all the time. Can you just pick that one? It just like, it's really fascinating that it doesn't get that way. And it's the same thing with going out. And this is where a four square app.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  24. Echo. I don't know why. Huh? What? I didn't mean to say that. But all the other pieces are there. Like, you got the phone in your pocket. If people adopt the wireless earrings thing, then that might be in your ear of six hours a day. And then those things are there. And then you basically have like the

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  25. It is, but it's pulling a way that makes sense. Like, I know the skills I put in there and the things I ask for. And so it's pulling away that's, I know what I want. It doesn't know what I want. But then it can then start suggesting things to me. Yeah.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  26. I'll tell you my relationship, what I talk about a lot with my Amazon Echo. That's how I see it. Like, I love my Amazon Echo. And I request things from it and it gives me suggestions and it's not interruptive. I do pull, but I pull in an audio fashion. It's getting close to a great relationship. It's one of the best relationships I've had with a device.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  27. How many push notifications do you get on your phone? Yeah, and you're going to get them all in your ear? That's going to be crazy.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  28. We were talking today about how whether it's in your glasses or in your earpods or your watch, there'll be some kind of filtering that will have to happen because all these apps are pushing notifications at you and we're going to enable people to be smart about where you're moving around the world, but certain devices are more personal and you'll have to have a really high standard of whether you want to be interrupted with things.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  29. Right, okay. So the idea is that these are audio or visual cues. Where do you each see it going? I want you to sort of think out further. I mean, you do have these new earpods where they do eventually the unlock be that big. It'll be like the movie Her where it talks to you, where it has a relationship with you. Where do you see it going in the near-term future versus 10 years out?

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  30. It's personalized based on it learns about you from the places you go. You don't have to tell it. So it knows, hey, you really like taquerias because I've seen you go to Tacombi and this other place. So you need to try this other taqueria that's even higher rated that you haven't been to. And so it's learning about you and sort of intelligently suggesting things. I think in general, Mars bought is sort of a research project for what context can do to improve technology.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  31. This is just this thing is learning and trying to encourage you to do something that you normally wouldn't have done and do it before you kind of have that moment of, hold on, I got to go find a place. Let me pull it out of my pocket.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  32. And the idea is that it learns about where you live and where you work and the types of places you go to and what your habits are and where you like to eat and where you like to drink. And then it will wake up after a couple days of having it and it will send you a text message. And it's like, hey, I'm ourspot. I get an idea for you. Let's go here for lunch. Or let's go here for dinner. Or hey, I noticed a new place in your

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  33. Yeah, yeah. I mean, it's in Foursquare, but I'm like, listen, there's so much stuff in Foursquare. Let's try this little thing on the side. Make it super simple and see what people think about it.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  34. And let me open the app of my choice and let me go through all the UX and figure out where we should go. Really, these things are going to be smart enough. You could argue they're smart enough now to, hey, I need some place to go. Where should I go? And just give me the recommendation. That will be the thing that you end up, the verbal cue that you ask these pieces of software for. We have a project internally at Foursquare called Marsbot. And it's another app that we launched. The idea is you install it on your phone and then you never use the app. But it just runs in the background.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  35. Apple earrings that says, hey, Dennis, look left and go inside this coffee shop because it's the best one in this neighborhood and you've never been inside this neighborhood before. Right, that is the goal.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  36. The Apple earrings, and at some point will we have a version of Foursquare that enables us to push an audio cue into someone's earpod, earpod.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  37. Well, Foursquare will send you push notifications now. And that's, you know, it's not talking like a robot would talk to you. Do robots talk to you? I don't know.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  38. The point of force code was not to make a check-in button. The point of Fourscore was to build this engine that can tell you amazing things about the real world. And the best way to do that is to just have the phones understand where they are as they move in and out of places. I entered a Starbucks. I left at Starbucks. I was there for 14 minutes. I'm now inside of a butcher. I've never been in this butcher shop before. What should I do? Once you get that stream of data from all of these devices, that's when really magical things happen.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  39. Know, I think what's been fortunate about the check-in is it just contains so much structure, it contains the place name, it contains the date stamp. And from that we can derive a history. Have you been here before? Do you know a lot about this place? Should we tell you somewhere to go afterwards? Is it interesting that you were at a place before this? And our whole infrastructure, everything we've done is based off of people just give us these little breadcrumbs about where they go in the real world and we piece that puzzle together to kind of make this amazing map of, all right, what's happening, where should people go. So I think it's alive and well. The thing that's super interesting, and this is what we've been chasing since like 2011, is like, what does a check-in look like that doesn't require you to do anything

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  40. Yeah, before it was the thing to do on the internet for a while, as was you filter your photos, you put a puppy dog face on yourself with Snapchat. We kind of go through these phases where things are. But the check-in is still alive and well, and it exists, the thing is it exists in a whole bunch of different aspects. That's what I mean. Yeah. People like to state, hey, this is what I'm doing right now. You used to just do that with the check-in. People do it with the tweet. People might do it on Facebook. People do it with the Snapchat post, an Instagram post. But the explicit statement of this is what I'm doing.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  41. Yeah, the developer tools, the mapping technology that folks like Apple and Twitter and Uber and Samsung and Microsoft are using, the media products that help advertisers understand if their ads are working and with what kinds of consumers and who likes their business and how you can find more of them. And then the analytics tools to understand what businesses are surging and which are falling in the real world.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  42. Well, you know, but I spent seven years building up Building up those businesses too, even after we joined. The thing about it is our goal right now. We've set an internal goal, that we want to be $100 million profitable business in revenue, and we want to make as big an independent company after that that we can. And we've got a plan. It's working. So that's the plan to stick with it.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  43. Well, it's come up, we've been around eight years, so we've had our share of people that have been interested in acquiring the business at one time or another. We did around, what was it, this year, earlier this year? Yeah, it feels like forever ago. You know, we have the strongest leadership team that we've in place now than we've ever had in the past. We have these products that are working. And so we have our sites set on making that work. And you want to talk about the what the goals are?

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  44. With these enterprise and media and developer tools businesses, which are growing over 100% year over year. And now they're over 80% of the revenue of the business. We're building a real business. And that's why raising $45 million was a real testament to this is working. It was a question when I joined, we have 100,000 apps powered by the technology, but we didn't charge anyone. And I remember having an argument with Dennis, like, hey, you know, they're calling us billions of times a year. Maybe they could contribute something to our server bills. And there was a lot of weight. We can't charge for this. And we went out and started signing up. Oh, you can charge.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  45. Well, because Steve Jobs wouldn't allow Flash. We converted it to Apple native formats on the fly and the cloud. And then we started making the Verizon network more efficient for video and things like that. And then that company became part of Opera and sold that. And I met this guy named Ben Horowitz after...

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  46. I went out to moved out to Palo Alto and became CEO of a company called Skyfire that did mobile technology, made mobile video work on phones around the world. And grew that up. We had tens of millions of users, we made flash work on the iPhone and the iPad and things like that.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  47. Well, you know, it's funny because we built our own brand, but what we really did was we made it possible to get up in the morning on Friday and for 200 bucks go off to Miami, flight hotel car rental, because there were empty seats and empty hotel rooms. And so it became about $125 million business in two years. Because we figured out that we could power AOL travel and orbits and travel velocity and American Airlines last minute deals and all of that stuff. And we built it up again, the technology that we built for our own Safety Design brand had. A bigger impact when we put it on the homepage of Yahoo! We ran Yahoo Travel deals and things. And so we built it up and then travel also acquired it. I ran marketing for a bunch of years for.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  48. Do you hate that word pivot? I don't think it applies to us, to be honest, because when we started the company, we knew, hey, we can make these apps. They will generate a ton of data. We can do magical things with the data. And we found magical things to do with the data. It's not like we're selling socks on the internet now. That's a pivot. We are really doing amazing stuff with data. That's the thing I want to talk about next. All right, Jeff.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  49. And we'll talk about that in a little bit. Well, the name of the game is like survival. You know, like you got to be around long enough to figure out what works for you. And so people like to throw the terms like, oh, you're pivoting. It's like, well, you know, like you find a way to make things work.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT

  50. When you look at the alternative, the alternative for a lot of companies is you just don't get to fight another day. Right. You don't get finance. The investors don't believe in you. There's no business, there's no market for your product. And those companies go away and then no one ever hears about them again. And we are so fortunate that we have an amazing team. We have amazing people. We have amazing investors. And we're actually, we're clever and we're smart and we're scrappy. And we keep finding ways to take the assets that we have and to build on top of them. And so it is difficult to figure out how to put those puzzle pieces together in the moment. And it's like, it really drives you nuts as when I was a CEO, I was at my wit's end. Like, man, this is driving me kind of bananas. But, you know, we're able to get it done. And the company is in a much stronger position now than it has been in the past. And I'm really excited and proud of it.

    2016-10-31 · Decoder with Nilay Patel · Recode Decode: Dennis Crowley and Jeff Glueck, co-founder and CEO, Foursquare · IDENTIFIED FROM THE TRANSCRIPT