Co-Founder Naveen Selvadurai Leaving Foursquare | Street Fight


Co-Founder Naveen Selvadurai Leaving Foursquare

0 Comments 05 March 2012 by

Just ahead of the third anniversary of Foursquare’s launch, co-founder Naveen Selvadurai has announced that he will be transitioning out of the company at the end of the month.

In a statement posted on his blog Sunday night, Selvadurai says: “After three years, I feel I’ve done all I can do and I’m moving on. [Co-founder] Dennis [Crowley] and I have been discussing timing for a while, and we decided that now, on this anniversary, it feels right to begin the transition.”

Selvadurai will remain on the company’s board, but did not elaborate on his plans for the future. “I’m not sure about my exact next steps, but I’ll probably get back to what I love most — being an entrepreneur, learning and building new things.”

The details of Selvadurai’s departure remain unclear though the announcement comes in the midst of shift for the company as it moves from startup to scaled business. “When you start, you are so focused on engagement,” Crowley told Techcrunch at the Mobile World Congress last week. “Then you hit this point when you are big enough and say there is something awesome going on anyway. At some point you look and say, oh wow, the consumption model is actually taking off.”

Nine months after raising a massive 50 million dollar venture round from a handful of top investors, Foursquare is said to be valued at over $700 million and has 100 plus employees in New-York City, San Francisco and, London. The company is making a big push in the loyalty space and Crowley has said that is considering creating a paid merchant service in the spring.

Selvadurai’s departure leaves Crowley, who has long been the public face of the company, alone at the helm. Though it is unclear whether Crowley will take on a new title, it would not be surprising if the company took the opportunity to streamline its structure.

Steven Jacobs is an associate editor at Street Fight.

Denver — March, 5th, 2015
Learn from the pros, network with partners and clients, and ski! Don't miss our second annual event on this important topic.
Register now and save!


Get hyperlocal industry headlines in your inbox every morning. Subscribe to the Street Fight Daily newsletter.

Free White Paper: Contextualization

Learn how to deliver better, revenue-driving consumer experiences. Download "Contextualization: Leveraging Location-Based Technology and Mobile to Drive Success for Brands."

Sponsored by Artisan Mobile.

Follow Us

Get the latest Street Fight news, information and analysis via Twitter and Facebook.

The Fight Hits Home (Services)

We spoke recently with the founders of some of the hottest startups looking to cash in on a massive opportunity in home services. Check out our recent interviews with:
-- CEO Matt Williams
-- Thumbtack CEO Marco Zappacosta
-- Serviz CEO Zorik Gordon

The Commerce Graph

The “Commerce Graph” is a new framework we have developed to think about the future of physical exchange. The model offers an alternative to the dominant narrative about the commerce landscape that frames digital networks as an adversary of physical exchange.


More people say Street Fight Daily is their only must-read newsletter. Subscribe now!

* indicates required
Email Format

© 2015 Street Fight.

Powered by WordPress. Hosting by