“Mentally dropped out of IIT in 2nd year” : Housing’s Rahul Yadav On Sequoia, IIT And Porsche Cayenne

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.

Rahul Yadav

Rahul Yadav

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.

So Do you watch chota bheem ?

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.

If you are here to solve problem then why you wanted to quit before solving it.

It was just a well calculated tactical move.

I think I mentally dropped out of IIT in 2nd year. Physically in my 4th year. And on papers, I think I’m still an IITB student. :)

What is your opinion about Deepinder Goyal and Zomato?

A company scanning menus from last 7 years and doing no innovation. And the CEO says ‘Aww. So cute.’

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