BharatPe co-founder Ashneer Grover expresses solidarity with recently ousted OpenAI CEO, Sam Altman, sharing his own experiences with boardroom politics in a tweet.
What Happened: In a post on social media platform X, Grover voiced his frustrations over the boardroom tactics prevalent among start-up boards and investors worldwide. He revealed the apparent pattern of first targeting an individual’s role and shares, followed by a personal attack. “It’s a long fight! Stick on!!” he encouraged Altman. Grover also criticised these tactics as being driven more by ego than intellect.
“I am going through the same things in India. First they come after your role / shares – then they come after you personally,” Grover said.
Why It Matters: The tweet comes at a time when Grover himself is under scrutiny from Delhi Police’s Economic Offences Wing, suspected of an alleged ₹ 81-crore fraud within his own fintech start-up, BharatPe. Firms linked to Grover have been accused of siphoning funds under the guise of recruitment services.
Grover had on Thursday claimed in a post on X that he had been stopped at the Delhi airport when he and his wife were travelling to New York for a vacation.
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On the other hand, Sam Altman was recently removed from his CEO position at OpenAI. As per reports, Altman was abruptly fired over a Google Meet call, leaving him and co-founder Greg Brockman “shocked and saddened”.
Both cases highlight the increasing instances of boardroom conflicts within start-ups, with founders often finding themselves at odds with investors and board members.
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