By now you may have heard that foursquare co-founder, Naveen Selvadurai, is leaving the company on the eve of its three year anniversary.
The news came as a big shock to many, including myself. A lot of things have been going right for the startup recently. They landed a big sponsorship with American Express. The launch of city badges has been a huge success and continued staff increase has brought them to a brand new office.
This quote taken from a blog post on Naveen’s Tumblr explains his reason for leaving.
…after three years, i feel i’ve done all i can do and i’m moving on. dennis and i have been discussing timing for a while, and we decided that now, on this anniversary, it feels right to begin the transition. so this will be my last month working at foursquare. over the course of the next few weeks, i’m going to be taking a step back as my final projects near their release.
Although this leadership change will be noticed, it should not affect the company too drastically. With Dens as front man, foursquare will continue to make leaps and bounds in the Geo-social field.
Naveen said he will continue to serve on the foursquare board, so even though he is no longer directly associated with the company, he will still play a crucial roll in its decision making.
Foursquare is over 100 employees strong. There is a certain amount of security and strength in numbers. At this point in time foursquare is no longer dependent on the direction of any one individual.
Naveen will surly be missed. His brilliant programming and entrepreneurial talents helped lay the foundation for the company in its early stages. That very same vision and passion continues through the current employees and will be the reason foursquare continues to shine for untold years to come.