Housing.com ex CEO shows what badass means

Well, if you have kept your eyes open while on road you couldn’t have missed ‘Look up’ promotional campaign by Housing.com. The engrossing campaign by the startup founded by 3 alumni from IIT, Mumbai have a record of being in news for all wrong reasons. Believe it or not, the company has spent around Rs 120 crore , much above it’s estimate just to promote its logo, which is apparently inspired from an iOs app. Adding to it this time is it’s CEO Rahul Yadav’s resignation from the board. A nasty email he wrote to his colleagues was accessed by the media and all the hell broke loose.

In his resignation, Rahul has written:

Dear board members and investors, I don't think you guys are intellectually capable enough to have any sensible discussion anymore. This is something which I not just believe but can prove on your faces also!

I had calculated long back (by taking avg life expectancy minus avg sleeping hrs) that I only have ~3L (hours) in my life. ~3L hrs are certainly not much to waste with you guys!

Hence resigning from the position of Directorship, Chairmanship and the CEO position of the company(sic). I'm available for the next 7 days to help in the transition. Won't give more time after that. So please be efficient in this duration.

Cheers,
Rahul

And as the letter became viral, social media exploded with sarcasm, criticism and of course choicest abuses against Yadav.

A twitteratti, @GabbarSingh known for mean tweets reacted steadily saying, “IIT brat Housing dot com CEO's resignation letter. And you ask why don't we have an Elon musk.”

This was followed by a series of reactions with someone replying, “The only 'innovation' I saw was to plaster the city with his ads. No patents. No Iron man suit. Pshaw!” Someone took this occasion to criticize the app saying, “To be fair, the app was disruptive in its micro-innovations. That it's run by juveniles is another story.” Keeping the fun alive, Gabbar himself replied, “his ego is writing cheques which his product cant encash. Build a fuckin suit.”

Yet, this isn’t the first time Yadav has proved how foul mouthed badass he is. Earlier when Sequoia, a venture capital fund declined to invest on Housing and instead pumped money in Grabhouse, a rival of Housing, Yadav had sent a nasty email to Shailendra, the MD of the venture capital firm, saying:

“You clearly know what shit you’ve done with multiple entrepreneuers and startups in India with your cheap and dirty tactics.”

The letter ends with Rahul signing off “Go die motherf*****”

And when the hurly-burly is done, the news report in the ET reads, the Housing board consisted of three directors " Yadav, Sharma and Arora. On Tuesday, sources told the ET that the first item on the board's agenda will be the appointment of two new directors "Ritesh Banglani of Helion and Sujan of Nexus " and formalising the appointment of Bullock in place of Arora.

Documents accessed by ET show that Yadav owns 4.57% stake in the company. Nexus Ventures owns 19%, SoftBank 32%, and Helion Ventures and Falcon Edge about 10% each..

According to the sources, the board will discuss reporting structure, recent marketing expenditure and acquisitions, the resignation of Arora as well the events involving the Times Group and Sequoia.

Housing competes with CommonFloor, 99Acres and MagicBricks, owned by the owner of this portal in India.