At the conservative end of current valuations (which put Facebook at $50 billion, Groupon at $15 billion and Zynga at $10 billion) that would suggest that Mail.ru — a company that made $77 million in profit last year — has minority investments in Silicon Valley worth about $2 billion. Sounds incredible, really.
Crowley said that he imagines the future of Foursquare to have a feel akin to Clippy, Microsoft’s once-famous office assistant. He envisions a Foursquare that is “listening for what’s going on around you … you’re walking down the street and normally you eat lunch, but you haven’t yet. And Foursquare will tell you that you’re close to a sandwich place you read about in the New York Times three weeks ago. And that’s what you want to try.”
“The power and the limitation of check-ins is that they’re after the fact. It’s powerful because you, the system and the local merchant know exactly where you are, in the moment. The downside is that check-ins don’t really help you decide anything - they simply recognize and broadcast a decision you’ve already made.”—2011: The Year the Check-in Died
“We are no longer living in a mass culture, built around mass production, mass education, mass entertainment, and weapons of mass destruction. Rather we are now living in a mesh world built around the mesh of networks, the mesh of relationships, the mesh of entertainment and education webs.”—Kevin Kelly (via protoslacker)