Selvadurai will still remain on Foursquare’s board as an advisor. He isn’t sure of his next steps, but he felt like it is time to do something new, he wrote in a personal blog post.
His departure comes just before the South By Southwest conference in Austin later this month, which put Foursquare on the map three years ago.
He made the formal announcement on his personal blog, though Om Malik of GigaOm first reported the news. Here’s Foursquare’s comment on the news:
When Naveen and Dennis launched foursquare at SXSW 2009, they had a few hundred beta testers. Now, as we approach our third birthday, we have a community of over 15 million that has checked in over 1.5 billion times. This wouldn’t have been possible without Naveen’s creativity, vision, and tireless work. We’re sad to see him go, but excited to see what he builds next. We can’t thank him enough for everything he’s done to make foursquare what it is today.