{"id":39101,"date":"2015-07-24T22:58:55","date_gmt":"2015-07-24T17:28:55","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=39101"},"modified":"2024-04-03T13:19:22","modified_gmt":"2024-04-03T07:49:22","slug":"why-you-should-never-call-your-investors-dumb","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/why-you-should-never-call-your-investors-dumb\/","title":{"rendered":"Why you should never call your investors dumb?"},"content":{"rendered":"<p style=\"text-align: center\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/07\/Why-you-should-never-call-your-investors-dumb.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-39144\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/07\/Why-you-should-never-call-your-investors-dumb.jpg\" alt=\"Why you should never call your investors dumb\" width=\"270\" height=\"186\" \/><\/a><\/p>\n<p>Just 3 months ago, a young 26 year-old co-founder and CEO of Housing.com was heralded as a<strong> role model for India\u2019s startup<\/strong> space after giving away his entire shareholding (almost 200 crores) to his staff.Just a month ago, he was shunned off by the board, firing him from the company he co-founded.Just a day ago, he gave a <strong>comic crazy interview<\/strong> where a sleep-deprived Rahul discussed his infamous 5 minute long board meeting (where he was fired!) and his new <strong>startup<\/strong> claiming to come back with 100x&#8230;[10x of last formula] within 30 days.<\/p>\n<p><em>Housing.com, founded in 2012 and headquartered in Mumbai, was a brainchild of 12 IITians to offer solutions to finding, selling and renting homes across the nation and today it has quickly raised around 90 million dollars.<\/em><\/p>\n<p>Rahul Yadav\u2019s highly entertaining stint as a CEO included him accusing prominent investors of vague misdeeds, publicly berating his directors, taunting other entrepreneurs and resigning and then not\u00a0resigning and finally being fired!<\/p>\n<p><strong>HOW DID THIS HAPPEN?\u00a0<\/strong>When Sequoia Capital (a Silicon Valley venture firm) fired a Rahul\u2019s staffer, Yadav accused Sequoia\u2019s MD of \u2018brainwashing\u2019 employees. In his own words he was quoted as saying,&#8221;<em><strong>If you don&#8217;t stop messing around with me directly or even indirectly, I&#8217;ll vacate the best of your firm&#8221;.<\/strong><\/em><\/p>\n<p>By the end of April, Yadav openly derided his board committee, clashed with investors over personnel appointments and wrote that he didn&#8217;t consider his directors <em><strong>\u201cintellectually capable enough to have any sensible discussion\u201d<\/strong><\/em> and thereby resigned. But he withdrew his resignation after a few days. Then followed an angel donation of gifting his entire stake (worth around 200 crores) to the company staff, which meant a year\u2019s pay\u2026.all at once!<\/p>\n<p><em>His statement:<strong> \u201cI\u2019m just 26 and it\u2019s too early in life to get serious about money.\u201d<\/strong> <\/em>At the same time, he challenged founders of other big e-commerce start-ups to do the same.<\/p>\n<p>Also, in order to have some fun, he played a prank on media amid talks of Quikr taking over Housing.com, he later sent an email to his employees revealing that he answered positively to 50% journalists and negatively to other 50% about the possibility of takeover.<\/p>\n<p><strong>WHAT FOLLOWED?\u00a0<\/strong>Rahul and board directors of Housing.com had a tumultuous relationship. When they have had enough, they simply fired him because<em><strong> \u201chis behaviour towards investors, eco-system and the media was not befitting for a CEO and detrimental to the company\u201d.<\/strong><\/em><\/p>\n<p><em>After being fired publicly on July 1, Rahul moved on and at some point of time updated his Facebook page<strong> \u201cLooking for a girlfriend. Interested people please drop me a message\u201d<\/strong>, which was obviously deleted later! Rahul\u2019s flamboyant ways of dissing people he didn\u2019t like, cost his CEO Job and plush apartment, which he no longer can afford!<\/em><\/p>\n<p><strong>Currently,he&#8217;s working single handedly on a big project,to be out in 30 days.<\/strong><\/p>\n<p><strong>There\u2019s a reason why a CEO should never call his investors dumb!<\/strong><\/p>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/certifications\">Click here for government certifications<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just 3 months ago, a young 26 year-old co-founder and CEO of Housing.com was heralded as a role model for India\u2019s startup space after giving away his entire shareholding (almost 200 crores) to his staff.Just a month ago, he was shunned off by the board, firing him from the company he co-founded.Just a day ago,&#8230;<\/p>\n","protected":false},"author":1318,"featured_media":39144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1560],"tags":[736,2247,5464,805],"class_list":["post-39101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arbit","tag-ethics","tag-investors","tag-rahul-yadav","tag-startup"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why you should never call your investors dumb? - Vskills Blog<\/title>\n<meta name=\"description\" content=\"Learn and know Work ethics are important, if not paid attention it can cost your job! 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