Housing.com, Sequoia Capital lock horns on social media

Investors in the housing portal could move against the company’s CEO for his outburst over the email that was written by Yadav to Singh on March 6 and found its way on to a Quora thread.

By: ENS Economic Bureau | New Delhi | Published: March 13, 2015 1:35:19 am

The country’s technology startup community is abuzz with talk of a very public email spat, triggered by startup Housing.com CEO Rahul Yadav’s alleged e-mail to Sequoia Capital India chief Shailendra Singh and the latter’s subsequent rebuttal of Yadav’s accusations.

Indications are that investors in the housing portal could move against the company’s CEO for his outburst over the email that was written by Yadav to Singh on March 6 and found its way on to a Quora thread, only to be taken off later from the platform.

In response to the rumours, Yadav was quoted as saying that he wasn’t being moved out and investors didn’t have any say in any call in the running of the company. “I run it and take all the calls,” Yadav said in a statement.

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In the controversial leaked mail, Yadav had alleged that Sequoia was targeting Housing’s employees and “brainwashing” them to start an incubator. The Housing.com chief, in his email that was reportedly also sent to all the employees of the startup, said that if Singh didn’t stop ‘messing around’ with him, he would “vacate the best in the venture capital firm”.

Singh responded via Quora on Wednesday and, in a long response, said he was “deeply hurt” by the email which he had received while in Hong Kong over the past weekend. Singh said that he had been used to a sense of professionalism where competition wasn’t personalised and it meant not being vindictive or petty and that he was ‘deeply hurt’

“During this recruiting exercise, we evaluated over 100 candidates from multiple companies and geographies, and I personally met about a dozen of them, including two Housing employees, whom I spent an hour each with. We made an offer to one of them, and he decided to join us,” Singh is reported to have said in his reply.

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