Peter Kafka

Recent Posts by Peter Kafka

Foursquare Co-Founder Naveen Selvadurai Leaving

Foursquare co-founder Naveen Selvadurai is leaving the company, three years after launching the check-in service. Sevaldurai says he’s “not sure about my exact next steps” but will remain on the company’s board. Foursquare investor Spark Capital is reportedly buying employee stock, and Selvadurai and co-founder Dennis Crowley have previously sold shares in an earlier funding round. Gigaom’s Om Malik reported Selvadurai’s departure earlier.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work