Video: Foursquare's Naveen Selvadurai Gives "One Year Update" At SXSW 2011

At last year’s SXSW I caught a moment of Foursquare co-founder Naveen Selvadurai’s time to briefly chat about the company and their plans for the upcoming year. We were able to speak again this year and Naveen gave me the update on what has changed for the company since our last conversation.

The short answer is that both the company and user-base have grown significantly. When I last spoke with him there were around 300,000 people using Foursquare to check-in and now there are over 7 million users. That, coupled with their recent loyalty deal with American Express, means we should be on the lookout for expanded services and features in 2011. Check out the video below for the update.