Govind almost got fired by the investor!

Govind nearly lost his job as the CEO due to issues in managing the company's cash flow and finances. The biggest reason investors fire founders and CEOs is negative surprises related to cash management.

In Govind's case, there were a few key problems that nearly led to his termination:

Excessive spending: Govind was spending the company's money far too quickly, depleting the cash reserves at an unsustainable rate. The founders were taking huge salaries. This spending discipline issue concerned the investors.

Inaccurate reporting to the board: Govind was not providing the board with reliable information about the true status of the company's cash runway. He was misinforming them about how long the existing funds would last.

Lack of financial oversight: Govind was so disorganized in his financial management that he himself was unsure of how much money the company was actually spending. This lack of visibility and control over the finances caught both Govind and the investors by surprise.

Effective cash flow management and transparent communication with the board are crucial for maintaining the trust of venture capital investors. Govind's struggles in these areas nearly cost him his role as CEO, as negative surprises in these areas are a leading reason investors choose to fire founders.

Govind and Zakir basically blamed piyush for all the oversight and fraudulent paperwork to get him fired and threatened legal action to get his equity back, To us we were told piyush is in absconding and we are in middle of fundraise so we will be getting in help to finish the deliverables, old employees were reached out to with promising esops and ontime salaries after the raise that never happened and they are still facing same mental abuse. the company since then to now is running on a skeleton team of 11 and all the work equalent to 40+ is given to them without weekends off there is no reduction in salaries of the founders since then.