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He talks a lot about Austin and creating a company culture there. There's been a lot of talk about NYC vs. Silicon Valley, but great companies can happen in more than two cities (Living Social in D.C., Gowalla in Austin, Mahalo in L.A., etc.). Seems like many people are talking about the perks of starting outside of the Valley more and more as it becomes a little easier to do so over time.
That's a good thing to point out... first guest we've had from Austin and he make a ton of great points on why it's a great place to put your company.
Extra interesting interview since Gowalla just integrated Foursquare (!) Josh explains why he did that -- the 'turn around and hug the bear that's chasing you' move.
I give it 2-3 years before both of these companies start losing a massive amount of members, and people just stop checking in...about the same time when the global consciousness realizes social media was a fun game but that its time to grow up.