“After having raised more than $121 million in two years, in five rounds of funding, the controversies surrounding online real estate company Housing.com refuse to die down. In a fresh turn of events, The Economic Times reported on Tuesday that the e-commerce company’s co-founder and CEO, Rahul Yadav, has resigned from the company.
26-year-old Rahul Yadav, who has been in the news for all the wrong reasons lately, is believed to have written a sarcastic resignation letter, saying Housing.com board members and investors were not “intellectually capable enough to have any sensible discussion anymore.”
Commenting on this issue N Chandramouli, CEO, TRA (formerly Trust Research Advisory) said that, “In the corporate world, it is essential to build your reputation and manage it with the utmost delicacy especially while dealing with your stakeholders. This not only is key in building a professional environment but also how the brand itself is perceived. Being embroiled in such controversy is not going to reflect well on the brand Housing.com. The tenor and tone of the alleged email that has become public as well as the sarcastic resignation letter suggests a rough, uncontrolled aggression and a lack of humility towards stakeholders. The blurring lines between personal, professional and public communication have made it essential for entrepreneurs to have a sense of maturity and professionalism while communicating, regardless of the platform they choose or else this lack of humility will lead to a decimation of trust that will be impossible to regain. The investors today do realise that they are dealing with a whole new world of enthusiastic mavericks that may not have had the experience to round of the rough edges but to expect a certain level of professionalism to build sucessful business relationships.”