Invact Metaversity Angel Investor Gergely Orosz Says CEO Manish Maheshwari Holds Company Hostage
ET reported on the email sent by Maheshwari cofounder Tanay Pratap on May 23 describing in detail the rift between the two.
Responding to Maheshwari’s tweet, Orosz said, “I am an investor in @invactHQ. Contrary to what this thread says, the company is not going bankrupt. However, its CEO is.”
@manishm @invactHQ I am an investor in @invactHQ. Contrary to what this thread says, the company is not going bankrupt. I … https://t.co/PX6Ze7wdN5
– Gergely Orosz (@GergelyOrosz) 1653339646000
“The company has a product, it has a CTO, and it’s running. It also has a CEO who is holding the company hostage. As an investor, I see @invactHQ being successful – but without you,” he added.
Maheshwari had “irreconcilable differences” with Pratap, according to the latter’s email to investors last week detailing the crisis.
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Both founders of Invact Metaversity, who started the company in October last year, had differing views on the startup’s vision and execution and brought these issues before their investors.
“There was a break in the discussions between the two of us due to irreconcilable differences,” Pratap said in the aforementioned email.
interview with ETMaheshwari said the Invact Metaversity idea was also perhaps ahead of its time.