He was frank, intelligent and surprisingly respectful rather than brash. Housing.com CEO’s Rahul Yadav’s initial ever AMA ( Ask me Anything) on Reddit was conjunction argumentative nor a soap show distinct his prior gimmicks.
While he was vehement about his fight of difference with Sequoia Capital and given he asked Ola CEO Bhavesh Aggarwal and Zomato CEO Deepinder Goyal to distribute half their shares to employees, he refrained from responding questions associated to his resignation, solely for observant that quitting during a time was a ‘well distributed tactical move.’
He, however, did goblin Zomato CEO Deepinder Goyal while also holding a puncture during Ola Cabs and a media.
“Didn’t face any corporate thugs, usually crazy media,” says Yadav.
Here’s a image of Yadav’s best responses during a Redit AMA
On a whole quarrel with Sequoia Capital?
Rahul: We motionless a slided understanding between 10-15% (depending on performance)for 1mn$. After 2 months of due diligence, when they realised we were using out money, they pronounced they wish to do a prosaic equity deal. we pronounced ‘Okay. Let’s do it during 12.5%. They pronounced 14.75%. When we requested more, they pronounced “Let’s not rubbish any others’ time.” We were left with no option.
I came to know they have finished it with lots of other ventures (TFS, Ola, Dexetra, LetsBuy..)
So to cut it short, we consider they’re culturally a unequivocally cutthroat VC and infrequently we consider that’s given they’re some-more successful than others. But we still reject their practises given we feel they’re evil and for me, people are a ‘why’ for all we do.
On Zomato CEO Deepinder Goyal and a company
Rahul: we unequivocally don’t know him most though his clarity of humour sucks.
Zomato is a association scanning menus from final 7 years and doing no innovation. And a CEO says ‘Aww. So cute
On given he challenged Ola and Zomato CEOs to allott shares
Rahul: Success of a try is a group work. Although all startups give ESOPs to their employees though a problem is it’s not PROPORTIONAL to a value creation. Value is being combined during x rate and is being given to a employees during y rate. x not being equal/proportional to y is a genuine issue. So these dual names came adult in my mind and we usually nominated them.
On beating Common Floor and Magicbricks formed on ‘bullshit metric like site visits and app downloads? ‘
Rahul: Yes we have beaten them in jive metrics. But a marketplace (brokers, builders, investors, media) somehow cares about all these things. And notice matters. So unfortunately, we have to play by THIS (India) market’s rules.
On Housing providing a authorised standing of an unit detached from usually photos
Rahul: On it! We usually acquired a authorised and due-diligence company, they are operative on cranky checking all new projects that are on Housing’s platform.
On either one needs to be mean to make a startup successful?
Rahul: There are no rules! we play by a situation.
On what he would do if he left Housing
Rahul: Never suspicion about it. But we adore animation and visible effects and wanted to pursue it from Vancouver Film School though couldn’t means their high fees during a time.
What start-ups does he honour and why. And what startups does he privately follow and adore what they are doing?
Rahul: Flipkart, for progressing relations peculiarity (in product, use and culture)… They have warranted honour in terms of doing and execution and not given of a idea.
Yadav follows Uber and Twitter, says both are slick products elucidate large problems. “Will never do an Ola ‘because that problem was already solved by UBER and in a shining way’.
On How Housing.com recruits people
Rahul: All teams have their possess character of employing given they have full freedom. My personal employing character is : we sinecure intelligent people ( Smartness can be judged by their past lane annals or by seeking few wily questions ) and ask them to dedicate that they will deliver. we unequivocally make people dedicate given all is elementary and if you’re intelligent committed, it’s done.
On what is he doing about a high rubbing rate during Housing
Rahul: Our whole tech group (100%) consists of freshers, so people do go for MS/MBA etc. Other than that a one of a lowest in a industry.
New joinee asks if he will also get a apportionment of shares or was that usually for existent employees
Rahul:At Housing, we are augmenting ESOPs pool as good simultaneously. One thing we can guarantee that there will never be default of rewards during Housing. Welcome to Housing!
On Defining success
Rahul: Life’s purpose is to be happy! So if we are happy, we are successful in life.
Are his actions distracting employees?
Rahul: Yes, it is distracting. But it’s indeed fun if it’s there usually for a few weeks. Beyond that, it’s unequivocally distracting and does not help.
Are start-ups over-valued ?
Rahul: Indian marketplace is an elephant. It’s gonna run/grow slowly. People/companies with calm over a duration of 5-10 years will be means to precedence a opportunity. Companies that will tarry in this period, for them a stream valuations are nothing, given a event size.
What creates a good product?
Rahul: A good product solves a problem in a fun and enchanting manner. And all other answers can be subsequent from this. Other than elucidate problems in a fun and enchanting manner, there are no rules!
On tips for entrepreneurs
Rahul: Be Obsessed about elucidate a problem, Work tough and Be Optimistic. Surround yourself with good people, rest is usually a cake walk. VCs, PR etc will automatically follow if we are doing good.
On creating even 1% of Housing.com though appropriation from VC
Rahul: I can emanate 100% of housing though afterwards it will be a opposite form of housing. You can always emanate business though money, infrequently it can be slow, infrequently it can be unequivocally tough though it’s never impossible.
On violent language becoming a partial of corporate communication?
Rahul: The approach bounds between emails and chats are fading, we see veteran tact and straightforward conversations merging together. That’s a destiny of conversation: discerning and efficient.
On either he would ever be a VC
Rahul: we don’t like income during rest. Putting income to work is unequivocally important. And I’ll keep doing so in whatever roles/formats are right during a moment.
How do we clear your statement, “it’s too early in life to get critical about income etc.” When we possess a Porsche Cayenne ?
Rahul: I ‘want’ to buy and media done it ‘bought’. we use a rented car.
Why ‘Look Up’ ?
Rahul: Because when we Look Up we usually see people who are forward of we in terms of mass and achievements. No matter how most we have achieved in your life, a impulse we Look Up, all gets reset and we find yourself again during turn 0.
To Look Up means to always keep chasing a best! To Look Up means to always keep seeking ‘What’s next’. To Look Up means removing prepared for a action. To Look adult means to never settle.
On dropping out of IIT Bombay
Rahul: I consider we mentally forsaken out of IIT in 2nd year. Physically in my 4th year. And on papers, we consider I’m still an IITB student.
On Myntra going app only
Rahul: Key people’s concentration in a association is unequivocally important, so a good that they have motionless to go app only. Thumbs adult for their confidant decision.
Afraid of what others write?
Rahul: Perception matters and does have impact on your success though i consider i can hoop all these things smoothly. So not unequivocally afraid.
Post a AMA, here are some personal tidbits we usually got to know about Yadav
1. He does not possess a Porsche
2. He has no time for fun and wakes adult rather late between 8:30 am and 10 am
3. He loves butter milk
4. Has not watched radio given a past 11 years
5. Is no longer a crorepati
6. If we wish to get hired during Housing, usually send Yadav an email explaining to him in 3 lines given he should sinecure you
7. Has never review a book in his life
8. Will never do a me-too thing. Thinks it is a rubbish of time
9. Thinks success is about solving problems, origination and good teams and culture
10. Left coding 3 years ago
You can review a whole AMA here