The Malaysian startup scene is currently buzzing with the recent GrabGas controversy, when a former CTO named Julian Ee blogged about how he got screwed over by the startup that delivers cooking gas, which has also recently secured funding from Digi. Things got out of control as the blog post went viral.
To cut a long story short, Julian was under the impression that he was joining GrabGas as equals when the team invited him to be “one of the shareholders”. Julian claimed GrabGas was using a misleading term (‘shareholder’) to bait him into joining the startup.
Also Read: Why I did not cover the GrabGas controversy
He also questioned why GrabGas didn’t invite him as an early employee and offer him an incentive equity package, instead of saying ‘shareholders’ and being vague about everything.
Julian finally left after a negotiation which he thought was unfair for him.
e27 has reached out to Digi with regard to this matter. Praveen Rajan, Digi’s Chief Digital Officer, responded:
Digi Accelerate is intended to nurture and grow new businesses, and we saw the potential in and opportunity to help GrabGas develop their business.
Having said that, we have a strict zero tolerance policy on proper business conduct by our partners, vendors and all parties within our value chain, and expect them to uphold the integrity of their way of work and dealings with us. In this respect, we will perform a comprehensive review with regards to this matter to ensure these standards are met and adhered to.
The GrabGas team is currently in the middle of a discussion to reach an understanding with the former CTO.