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tell if he can tag in and rejuvenate the long-surviving social network. Tseng tells me the products still have a great team of over 100 people and 2015 will be our 8th consecutive profitable year. In a blog post, Tseng explained his emotions about the change saying if(we) is and will always be my baby so making this transition is not easy for me, but I am comforted knowing that Im leaving the company in good shape and in good. It seems like a responsible move for the founder to hand the reins to someone else who might be a better match for managing a decade-old company. Over the years, Tseng has become a smiling staple of the Silicon Valley social scene, and is known for his love of a good DJ set. Hell remain a board member.

Greg Tseng is stepping down from the CEO role of if(we) after 11 years running its dating social network Tagged and game studio hi5. Over the past few years the company refocused on trying to start something new on mobile, and changed its name to if(we). But the shift to mobile was rough for the company and. It acquired social game company hi5 in 2011, bringing the company to 20 million active users and 330 million registered. Now the company will look for a second wind with Gopinath at the helm.

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