Foursquare Co-Founder Announces His Departure, Will Oversee A Few “Final Projects”

Naveen Foursquare Leaves

Naveen Foursquare LeavesThree years ago Naveen Selvadurai and Dennis Crowley launched the location based service Foursquare with 100 beta testers in New York City and now with more than 15 million users and over 1.5 billion check-ins Naveen has announced his plans to leave the company.

With more than 100 employees now helping build out the Foursquare service along with 750,000 businesses being served on the merchant program it might surprise you to learn that Naveen is stepping down, however after Spark Capital purchase $50 million in employee stock last month some experts believed it wasn’t a matter of “if” but “when” Selvadurai would depart.

Confirming his department Selvadurai confirmed in a blog post on Monday that he would leave at the end of the month but stay with the company as a member on its board of advisers.  [Read more…]