Housing’s Rahul Yadav did an AMA on Reddit and here are some of the interesting questions (and answers). For sure, he is on a roll !
What was the deal with Sequoia Capital? For science, Can you tell us what ‘other bad things’ were you referring to in your email to the VC?
We decided a slided deal between 10-15% (depending on performance)for 1mn$. After 2 months of due diligence, when they realised we were running out money, they said they want to do a flat equity deal. I said ‘Okay. Let’s do it at 12.5%. They said 14.75%. When I requested more, they said “Let’s not waste each others’ time.” We were left with no option.
I came to know they have done it with lots of other ventures (TFS, Ola, Dexetra, LetsBuy..)
So to cut it short, I think they’re culturally a very cutthroat VC and sometimes I think that’s why they’re more successful than others. But I still condemn their practises because I feel they’re inhuman and for me, people are the ‘why’ for everything I do.
Bhai pichle 11 saal se TV nahi dekha hai.
I have never read any book in my life
Our entire tech team (~100%) consists of freshers
I ‘want’ to buy and media made it ‘bought’. I use a rented car.
What made you ask Bhavish of Ola and Deepinder of Zomato to ask them to allot half of their shares to employees
Success of a venture is a team work. Although all startups give ESOPs to their employees but the problem is it’s not PROPORTIONAL to the value creation. Value is being created at x rate and is being given to the employees at y rate. x not being equal/proportional to y is the real issue. So these two names came up in my mind and I just nominated them.
What you would be doing, if you have left Housing.com ?
Never thought about it. But I love animation and visual effects and wanted to pursue it from Vancouver Film School but couldn’t afford their high fees at the time.
Would you ever be a VC? ;)
I don’t like money at rest. Putting money to work is very important. And I’ll keep doing so in whatever roles/formats are right at the moment.
Do you think investors your back your next startup after all the controversies?
I think they will but it really doesn’t matter.
– Link to AMA
Also see: Deepinder’s AMA