New Delhi: Breaking silence on controversy at fintech firm BharatPe, Sequoia Capital Said on Sunday that it has zero tolerance for proven wrongdoing and will continue to respond with intent misconduct either Danger, Sequoia, Joe. is the largest shareholder in Bharatpe where the co-founder Ashneer Grover Virtually sacked from his role, a blog said it would not hesitate to act to protect the interests of shareholders and employees, even if it had a financial cost.
Without directly mentioning BharatPe, she said, “We will take strong measures where necessary in the interest of doing the right thing.”
The US venture capital firm said it wants companies that are not only valuable, but also sustainable.
“Recently some portfolio founders have been under investigation for possible fraudulent practices or poor governance. These allegations are very disturbing,” it said. “We’ve always encouraged founders to play the long game. We focus on sustainable, and discourage focusing on vanity metrics.”
It added that the startup ecosystem needs to be railed so that a few wrong founders don’t create major setbacks.
Without directly mentioning BharatPe, she said, “We will take strong measures where necessary in the interest of doing the right thing.”
The US venture capital firm said it wants companies that are not only valuable, but also sustainable.
“Recently some portfolio founders have been under investigation for possible fraudulent practices or poor governance. These allegations are very disturbing,” it said. “We’ve always encouraged founders to play the long game. We focus on sustainable, and discourage focusing on vanity metrics.”
It added that the startup ecosystem needs to be railed so that a few wrong founders don’t create major setbacks.