Today, the Board of Directors of Foursquare announced the appointment of David Shim as Chief Executive Officer and Member of the Board, effective immediately. David, previously the Founder and CEO of Placed, joined the company as President in June of this year, after the closing of Foursquare’s acquisition of Placed from Snap a deal led by TMT-focused global merchant bank The Raine Group. David succeeds Jeff Glueck, who will be leaving at the end of this year to explore new opportunities.
Under David’s leadership, Foursquare will continue to build upon its momentum as the leading independent location technology platform, which drove over $100 million in record revenue this year. This will include further investments into core product offerings—Placed powered by Foursquare, Developer Tools, Data Solutions and Pinpoint—for its 1,000+ advertisers and brands (including more than half of the Fortune 100) and the 150,000+ developers who rely on Foursquare technology.
“This has been a monumental year for Foursquare. I’ve described it as building the 100 Club: a record $100 million+ in revenue, $100 million+ in new investments, reaching a 100 million+ points of interest and 100 million+ devices measured on a monthly basis. In 2020 and beyond, Foursquare is set to further accelerate growth on the foundation set in the past year, and expand its leadership position in location technology. Foursquare’s future is as bright as it’s ever been, and I am thrilled to be appointed as CEO,” said David Shim, CEO, Foursquare.
The company will also expand its commitment into Foursquare Labs, Foursquare’s R&D arm focused on inventing next-generation location technology, led by Executive Chairman and Co-Founder Dennis Crowley.
“It’s been an honor and privilege to work with Jeff,” said Dennis Crowley, Co-Founder and Executive Chairman, Foursquare. “We’ve come incredibly far in the past five years since he joined Foursquare. I am incredibly thankful for the progress we made under his leadership, and I wish him the best.”
Crowley continued, “As a fellow founder, I have enormous respect for David Shim and his accomplishments. He has passion and vision, and he brings a great energy to the company. I am excited about having him as a partner as we continue to ‘invent the future’ here at Foursquare.”
“We are tremendously excited to partner with such innovative founders in David and Dennis as they accelerate the next chapter of the company’s growth and continue the legacy of industry leadership in enterprise location software. We have gotten to know David well over the course of the past year and look forward to the tremendous leadership skills and track record of achievement he brings to the role. We would also like to thank Jeff for his dedication to Foursquare over the past several years and wish him well in his new endeavors,” said Gary Little, Managing Director of The Raine Group and member of the Foursquare board.
About David Shim
Prior to joining Foursquare, David was the Founder and CEO of Placed, the leader in ad to in-store attribution. Founded in 2011, Placed worked with 430+ partners enabling over 500 advertisers to measure media's impact on store visits. Placed was acquired by Snapchat in 2017 and Foursquare in 2019.
David has also held leadership roles across product and operations at Farecast (acquired by Microsoft), WebTrends, Quantcast, and Snapchat.