Eh. You win some, you lose some. [StockTwits]

This guy realizes he just lost $5million thanks to FourSquare. Read more below.

April 29, 2009:

Dr. Zhivago [name changed to preserve the innocent.]

I’m writing to introduce you to the team at Foursquare, Dennis and Naveen.  They’re a really interesting startup based here in NYC. It’s a location-based service for friend finding and venue finding, and is quickly becoming a competitive game amongst tech digerati in major cities around the country. Killer team, incredibly net-native approach, great game dynamics to increase engagement.

We (XYZ Ventures)  definitely want to continue to follow their progress, but given their current stage, we’d love to see these guys pick up some angel invesment in the near-term to see how their current success can scale over the next few months.  So, we thought of you as a good person for them to talk to. If you have any questions, please don’t hesitate to contact me. I’m sure a conversation with the team will be mutually beneficial.

Best,
Jeremiah

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One person on the cc-list wrote back to Dr. Zhivago and me:

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George Washington wrote: [Again, name changed]

I saw them present at ny tech. I thought it was fun but geared mostly towards college kids, but XYZ thought it was a disaster. Pass.