The king of location based services, Foursquare, raised $20 million in financing, according to a blog post by the company and various media reports.

The once small start-up that was an acquisition rumor of Facebook and Yahoo, is now valued at $95 million, according to reports.

The fusion of cash proves that Foursquare is leading the location-based services pack by a big margin. However, now that it appears that an acquisition is out of the question, where does Foursquare go from here?

Here are 20 million thoughts (well, maybe just a few) as to the current state of the service and its future.