Foursquare died at the hands of private equity. What happens next?

Link: Some final words on Foursquare, by Dennis CrowleyI freaking loved Foursquare. It was a wonderful way to explore cities with the help of my friends: in the same way that Upcoming was my best way of figuring out which events I should be going to, Foursquare let me know which restaurants, bars, parks, etc, were worth checking out. If Chris ranked a cocktail bar, you know it was amazing. Aaron always found the best coffee spots. And so on: my friends were better recommenders than any other source I had.My own map lists every state and country I’ve been to over the last few decades. If I’m back in Amsterdam, I can figure out which Indonesian food place I really loved, because there it is on my map. (It’s Paon Bali, by the way. You’re welcome.)So this was sad to see as an outcome. I think there are a bunch of important lessons here – not least the dangers of raising too much too soon without tethering the business to revenue. But at the same time, Foursquare launched during a startup…