San Francisco - BitTorrent Co-Founder Ashwin Navin is stepping down as President to focus on a new tech incubator he is launching along with a few other high-profile tech entrepreneurs. According to a note Ashwin sent out yesterday, he has partnered with YouTube's Steve Chen, MySpace's Aber Whitcomb and HotOrNot's Jim Young and purchased a small building in the Mission District of San Francisco where they intend to build "a physical environment conducive to innovation, collaboration and company formation."