Just a couple of months back this logo of an upward pointing arrow was on jacket pages of some of the leading dailies of the country.
The logo is of Housing.com, a start-up helping people find houses. It was founded by Rahul Yadav.
If the logo didn’t grab your attention, the way Yadav – a graduate of IIT-B – resigned from his position of chairman and CEO will definitely keep the name ringing in your ears.
In his resignation letter he wrote:
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. 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.
His decision came after a bitter squabble with the company’s investors, especially with Shailendra Singh – MD of venture capital firm Sequoia Capital.
But he is not the only one Yadav was at war with. According to the Economic Times, problems between Yadav and Masayoshi Son’s SoftBank – a major investor in Housing.com – had come to a head recently.
That’s not all. The Times Group filed a defamation suit against him, asked for an unconditional apology and Rs.100 crore in damages.
Firstpost reports that the lawsuit came after Yadav accused the Times Group of spreading rumours that the Housing.com Board was looking to replace him as CEO, and suggested that it was doing so because of business rivalry (Times Internet Ltd owns magicbricks.com, which is a direct competitor to Housing.com).
‘Your Story’ described him as “brash and arrogant” in an interview.
— YourStory (@YourStoryCo) May 5, 2015
Yadav’s resignation letter has generated a lot of excitement on Twitter:
Want to check who all hate their jobs and bosses? Check their praise for Rahul Yadav ‘ resignation letter 😉
— Insanely Sane (@Sanity_3) May 5, 2015
i chuckled when i read Rahul Yadav’s mail. ‘F*** off, i am gone while u are running around in circles figuring life’, is a great way to exit
— Harini Calamur (@calamur) May 5, 2015
Just now read up on Rahul Yadav. For a second I thought this was some nightmare portmanteau of Rahul Gandhi and Akhilesh Yadav.
— Arnab Ray (@greatbong) May 5, 2015
How to stick it in someone’s face. The brash new language – good or bad- of the new startup culture. http://t.co/xc7Q2ONoOQ
— Aparna Jain (@aparna_jain) May 5, 2015
Although not all voices on social media are praising Yadav’s method of resigning, one cannot deny that he has paved a new way to say goodbye to everyone’s faces.