Sequoia accused by Indian entrepreneurs “dig startup the corner”

(compile: rhubarb)

cloud network hunting note: with the continuous development of the Indian economy, India’s entrepreneurial environment also matures, again recently, however, India’s most active startup Housing in public communities on the vc firm sequoia launched intense criticism, India’s entrepreneurial environment will change as a result?

a few days ago, one of India’s most popular startup Housing, partnership, founder and CEO, Rahul Yadav of sequoia capital, an investment bank department general manager Shailendra J Singh, India mail, exposure in together the leaks. Housing, accused the sequoia capital in the email “moral decay, there is no human nature,” in the email threats to the same degree, as a means of revenge, at the end of the mail is filled with full of malice.

radical blamed part of the email already cannot find, but we found that some of the criticism of malicious headhunting, Rahul to Shailendra Singh said in an email: “until my employees to recognize you after I see your face. You are brainwashed them that they believe that some of your stupid incubation program. If you don’t stop the destruction, whether directly or in secret, I will do my best to take the same response, dig you, destroy your company. Don’t call it’s not.” This part in question and answer web site. This email at the same time mentioned canned, such as it, Ola, TaxiForSure and Dexetra startups do a similar “destruction”, but did not reveal details in the email.

this email the full version of the page in the site, site community in India group have great influence in the startups. Confused users have to both sides for the interpretation of the events, some anonymous users also attacks on both sides.

sequoia capital is not Housing, investors, Housing is a Helion Venture Partners, Qualcomm Ventures, Nexus Venture Partners and SoftBank investment.

foreign science and technology media interview the Housing, and sequoia capital in order to understand the real situation of the event. The authenticity of the Housing, do not deny that leak email content, but declined to comment further. Sequoia capital privately provides journalists with their understanding of the event, the VCS to such events would not comment on the general.

fear of public relations crisis response force investment Banks

maybe because of the need of crisis public relations, sequoia capital decision always break the silence. Sequoia released Shailendra Singh reply Rahul Gupta, email, mail one by one in response to charges of Rahul Shailendra Sigh said he was Rahul email deeply hurt, feel very surprised. “Most likely” as the email is “because we (sequoia) on a Housing, employee provides a caused analyst position.”

letter, Shailendra then pointed out that there are multiple companies more than 100 candidates have been audit, subsequently, sequoia decided to hire a young analyst at startup experience. Singh said: “I have met with a dozen or so candidates, including two employees of the Housing, I get along with them for more than an hour. I for one provides the position, he accepted our invitation and decided to join us.”

then, Shailendra talked about entrepreneurship in India as a growing number of potential investors and matures “big prospects”, “in my career, (silicon valley) in this is full of top entrepreneurs, the best employees and investors in the community, let a person feel an aura of professionalism. We all know that the competition is on facts, not the person, whether personal or company competing with each other, we are willing to work in the day after for a drink. For us, this means that instead of doing that kind of sad envy and the whole competitive environment be in harmony are an organic whole, focus on long-term rather than short-term gain.”

although sequoia responded, Yadav did not relax his charges, insisted that sequoia competition has made the unethical behavior: “you of Indian startups to use those three means of abuse, doing things that shit, you know. This time I learned is that you in this big black dirty deal the tip of the iceberg. No matter what we used to have a friendship, as long as you dare to move my people I will respond immediately. In addition, don’t like your hypocrisy, here, I will stick to my sincere, I hope you and your company all don’t.”

from the comment it seems, Housing, and redwood grievances more this time because of dispute arising out of search, but Yadav no more said to reporters.

Housing is a Housing accommodation business Internet start-ups. For all you can think of all about Housing Housing, accommodation services: youth hostel. Rental housing or Shared; Real estate transactions; To provide online trading legal documents; Even in more than 50 Indian cities to provide housing rental services. In all of these services, Housing, pioneered the use of mobile map based technology to determine and verify his property provided by the let him far ahead of other similar companies. Globally, India’s useful global rankings, the real estate market in 2012, including Housing, the real estate market financing as much as $3 billion.

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apparently, recent accident involving four senior members of the Housing, really let a person attitude toward their development prospects are slightly changed, but this did not affect his industry leader status. But the immature of sequoia capital attacks have no experience of company leader this flaw exposed in front of the market.

in this email leaks scandal recently, Housing, because of a tragic accident become the focus of the news. Four key members of his staff, including two partners Advitya Sharma and Kamlesh Mohpal became the victims of a traffic accident, Nilesh Wani and Siddarth Bhandari as death.

in order to let the incident have some contrast, please allow me to introduce us the controversy over the top engineers to hire. Even in silicon valley such a relative hardness is much more mature environment, Apple, Google, the two in the IT industry leading companies are still stuck in a lawsuit involving headhunters, they prosecuted not from headhunter to ensure the low growth of employee wages. The lawsuit and had to end up to a $415 million fine. A venture capital and technology between companies, however, because of the employment problem quarrel is relatively rare.

email trial

cloud network editor will view the landing page, hunting is about the events of reply mail original and both parties have been deleted. However, before we are from the foreign media reports, for you to restore the Rahul Yadav pasted on the email in full.

from: Rahul Yadav

date: on March 6, 2015 on Friday afternoon but

subject: an ultimatum

send to: Shailendra Singh (sequoia Capital in India)

you,

although you’ve to Housing, done all sorts of things inhuman moral failings, I am still maintained the necessary respect for you.

are you interested in any other Indian companies also do this kind of inhuman moral failings, including Ola, TFS, it by your evil, Dexetra and so on and so on.

until my employees to recognize you after I see your face. You are brainwashed them that they believe that some of your stupid incubation program.

if you don’t stop the destruction, whether directly or in secret, I will do my best to take the same response, I’ll dig you, destroy your company.

keep in mind that this means the end of sequoia capital in India.

don’t mind it’s not.

here is the site of the posted Shailendra Singh response

your email hurt me deeply. Receive this email every 10 o ‘clock in the afternoon, I’m Hong Kong meetings with our company’s other global partners, the arrival of this E-mail unexpected, and is very sorry. My understanding of the why would you send this E-mail is that we may provide employees of a Housing, an analyst at position makes you feel so angry. The whole story is this: according to our investment in India of the feedback of the enterprise, we have startup experience decided to attract young people to join our team of analysts. During the recruitment, we interviewed from multiple enterprise and the area of more than one hundred candidates, I personally met with nearly a dozen candidate, including two employees Housing, I spent an hour on them. We offer one of the job, he accepted and decided to join us.

this is a fact, but I hope to use this opportunity to talk about something which I think is more important, more is the topic of my heart, how can we work together to make India has a more suitable for startup environment? In my career in silicon valley, in this full of top entrepreneurs, the best employees and investors in the community, let a person feel an aura of professionalism. We all know that the competition is on facts, not the person, whether personal or company competing with each other, we are willing to work in the day after for a drink. For us, this means that instead of doing that kind of sad envy and the whole competitive environment be in harmony are an organic whole, focus on long-term rather than short-term gain. Personally, I don’t really know, Rahul, I also never meet alone with him, but when I read the recent Housing, become the most active during this time of the startup I still ten new separately. In the redwoods, we think that we do is a special kind of honor, was the best, the smartest entrepreneurs trust, not only for their shareholders, capital providers, but sit down and discuss with them, help them to find suitable for their company development direction. We attached great importance to everything we do, to assume responsibility, we firmly support our portfolio companies and their team. To tell the truth, they accused of things we have neither time nor intend to do, not to mention the company and we don’t have a relationship.

in the end, for all the chance to want to have a bite of the army, as long as you still like a coward, hidden behind the network anonymity, I won’t respond to your any comments. We’re proud because can work in redwood, we are proud of our portfolio entrepreneurs, we are proud of what we have done, and look forward to working with the contemporary and the next generation, next generations of outstanding entrepreneur. I wish to have any doubt or concern of organizations or individuals to me directly, or even better, to those we are very honored to become partners with them communicate outstanding entrepreneurs.

I hope you have a Housing team and Rahul myself good luck.

Source: will

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