Foursquare Co-Founder Stepping Down, Business Continues as Usual

Naveen Selvadurai, co-founder of Foursquare, announced in a blog post this weekend that he will be leaving the company, sticking around only as an adviser and on the company board.

Also this week, the company announced a partnership with TIME for the 2012 Republican and Democratic conventions. The company also has new partnerships with VH1 and Walgreens. And just today, the company said it will be launching a “new function” as this year’s SXSW conference and partnering with a number of concerts that are taking place.

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