Who is Rahul Yadav? – When I asked this to one of my close friend who have great interest in startups, he replied “IITian who founded housing with his friends and is now working on his next startup Intelligent Interfaces”.
I surprisingly asked – Aren’t you aware about controversies happening around him. “Yes I know, but that is only one side of the story,” he stated.
Before going further I just want to tell you that I am a simple entrepreneur who is just trying to explain to fellow entrepreneurs (not to “so called Intellectuals” ), that there is another side of the story.
“Is he the guy what media presenting him? or he is totally different guy?”
Before we move on to Rahul Yadav story, Let me ask you a simple question?
Whats the colour of this Truck? No, it’s not a trick question. Go ahead and say it. The truck is yellow.
You believed it’s yellow, even though you are only able to see the single side of it while other the three sides are invisible.
“If you notice a rise in reports about Rahul Yadav on the news, you start to believe Rahul Yadav is controversial, when the only thing you know for sure is the news is delivering more stories about Rahul Yadav than usual. . . you think, ‘Gosh, Rahul is out of control.’ What you should think is ‘Gosh, the news loves to cover Rahul Yadav.”
The mental shortcut we use by making this assumption is an example of a heuristic. (specifically, Availability heuristic) Since our brains are used to working with only partial data at best, they have become quite adept at using limited information to construct a bigger picture.
It’s very helpful much of the time, but not all of the time, because heuristics are limited in how accurate a picture is provided to us. ( Read the whole post on Understanding Bias here )
Just for now if we may flush every negative story you might have heard about Rahul Yadav and go through this post.
Where Rahul Yadav came from?
Yadav was born to middle-class parents from Alwar, Rajasthan. He enrolled at Indian Institute of Technology, Bombay in 2007, specialising in metallurgy.
Started Early: Entrepreneurship was always challenging & It’s more harder to start something while in college. He started Exambaba.com, an online question bank of old exam papers that IIT Bombay asked Yadav to close.
Taking risk Early: How hard it is to drop out form college and make something you believe in and have trust in it. That shows Rahul Yadav’s passion for his vision.
Started Housing: In 2012, he along with 11 other classmates, co-founded Housing.com, after they had a difficult time finding accommodation.
Everyone knows about it, so what’s new?
He is a guy who managed to bring 11 other similar minded and talented guys from IIT to work on startup that can solve the accommodation issue in society.
At that young age he was able to lead the team and made them work together to make something big. ( which was later recognised by everyone). Don’t you think that it was big thing to do?
Here is the point:
He created housing with his team, which later was able to raise multiple rounds of funds and was Valued at 1500 Crores in 2014 ( Source ).
– Is it not inspirational to young entrepreneurs?
– Should we not try to learn from him about how he made multi million firm from scratch ( Skills, process, mindset etc.)?
– Should we not try to find out what mistakes he made in his journey which resulted in leaving his own company?
I think yes, we should & hope you will think the same.
What’s Wrong when he fails? – Everyone fails
Is this the end of a journey? Before making your point of view read this:
Did you know the average millionaire goes bankrupt at least 3.5 times or that 3 out of 4 start-ups funded by Venture Capital fail? If you were to generalize, by the 5th year, regardless of the industry, over half of all startups shut their doors. These are just facts.
“It doesn’t matter how many times you fail. You only have to be right once and then everyone can tell you that you are an overnight success.”
Take the following example of Max Levchin, Co-founder of PayPal:
Don’t realize failure as an end, but rather think it is a beginning. There are so many opportunities out there, so move on and achieve your goal.
Here are the points to look again:
– When he started with Intelligent Interfaces, he raised money from Sachin and Binny Bansal of Flipkart, Yuvraj Singh’s seed fund venture, and reportedly Vijay Shekhar Sharma from Paytm.
– Do’nt you think that these guys must have saw something in him?
– Is there anything wrong with making things public about your new venture? It need a hell lots of courage in telling that your startup is not working good.
– There is nothing wrong in moving to the next venture if something not working well. Atleast it is inspiring to many young entrepreneurs who loose hope after failure.
– Isn’t it motivating when someone stands stronger even after failures?
“If all the answers are yes, then being an entrepreneur why can’t we support such a guy. Just put yourself in his shoes & you will realise how it is to be standing again after failure.”
It’s really difficult to pick yourself up after a mistake or a failure. People struggle for success, but sometimes after these terrible failures and heartbreaking tragedies comes great motivation to succeed.
There are many business leaders who can be a perfect example of who overcame huge obstacles and why failure should never stop you from following your vision.
This is what I think the so called bad boy is trying to do by not giving up his vision.
We must accept failures along with success stories. But simply criticizing failure founders will not help ecosystem at all. We must learn from their mistakes and appreciate and advise them so that they can come again stronger.
We raised up by listening “chaar Log kya kehenge”, every single time when we tried to do something out of the league. That thing stopped us doing something new and challenging.
As per Suraj Agarwal – Lets not put him and other entrepreneurs in radar, that from ‘log kya kahenge’ to ‘media kya kahegi’. It becomes the biggest fear of the people walking down the entrepreneurship lane.
Entrepreneurship in India is diverse and thriving; it is transforming industries, communities and culture.
Its time for us to push, guide & support our entrepreneurs so that they can rule the world, they can create global corporations.
Negative & inaccurate portrayal of entrepreneurs like Rahul Yadav will not help in progress of other young entrepreneurs who have big dreams and it could also result in a negative impact on the uptake of entrepreneurship in India.