Housing.com's CEO Rahul Yadav quits, insults Board in resignation letter

http://wap.business-standard.com/article/technology/housing-com-s-ceo-rahul-yadav-quits-insults-board-in-resignation-letter-115050500121_1.html

by zengr • 11 years ago

2 1 11 years ago

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ignoramous• 11 years ago

Eccentric. To draw a parallel, Rahul reminds me of Evan S of SnapChat and Aaron L of Box, but only that Evan managed to correct his act and that's down to the mentors he had; and Aaron is very colourful as much as he is controversial, but knows his business inside-out and is driven to build world's greatest enterprise company (not sure if someone can say same about Yadav).

Either way, there much to learn from Yadav and his amazing team at Housing. They managed to create a great business in a short amount of time, sustained growth and managed to iterate rapidly. Now, I don't know for sure if all that growth happened inspite of Yadav, or because of him; but its hard to find fault with him, and he's achieved a lot in his short career already, and has to be credited for a lot of wealthy individuals he's now created in the process.

So much money has been poured into Housing at absolutely sky-high evaluations ($900m in a round led by Japan's SoftBank a few months back), and the writing was on the wall, really, the investors would never allow someone as outspoken as Yadav to remain at the top. In case Housing install a MBA at the helm, things can get worse as its competitor CommonFloor.com still has its founding team intact (that's much mature in terms of experience). And its an open secret that its hard to lead a company any better than the founders would.

Indian start-up scene is going through an unprecedented amount of growth propelled by all the talent that isn't leaving the country (most unicorns are founded by IITians that otherwise would have left the country for Silicon Valley) any more as VCs and Angles continue to pour a lot of money into the ecosystem.

Housing is a success story, but somewhere deep down I hoped it would have been a success story for their founders as well (much like how Ola Cabs is).

Housing.com's CEO Rahul Yadav quits, insults Board in resignation letter

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