have revealed private emails showing investors in its fallen rival GoCatch were already giving up hope of it succeeding around the time UberX launched in Australia, and wanted to fire its founders.
However, messages revealed in court on Thursday show a breakdown in the working relationship of GoCatch’s co-founders, Andrew Campbell and Ned Moorfield, and fears by major investors like Square Peg Capital and Paradice Investment Management that GoCatch’s product was not up to scratch. “It’s still not impossible for GoCatch to turn into something decent, but they have really executed quite poorly, so it is hard to get much confidence,” Mr Khilnani wrote. “They still haven’t delivered one single part of the functionality they talked about a year ago.”
“Whilst I have been busy focusing on executing the capital raising, my co-CEO Ned Moorfield has been attempting to remove me from my role as co-CEO,” Mr Campbell wrote in a letter to investors, where he also suggested Mr Moorfield should leave. “It’s a bad situation but the fact we have to go down the path with Tank Stream is only because there is literally no one else willing to fund the business,” Mr Khilnani wrote in an August 2014 email, shown in court by Mr Sheahan.