Foursquare, the fast growing location-based social media platform, which now has 1 million active users and is adding about 15,000 a day, is dealing with problems in scaling the service to keep up with demand.
To keep up with demand and stay ahead of the small and big players who are targeting the space, Dennis Crowley, founder is looking for additional capital, he told me at the TechCrunch Distrupt conference earlier this week in Manhattan.
We saw him huddled back stage at the event with VC Fred Wilson, an investor.
Andy Plesser, Executive Producer