Was Twitter Sale Set By Vineeta Agarwala?

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Parag Agarwal’s wife Vineeta Agarwala seems to have been caught in the wrong spot when it comes to Elon Musk’s buyout of Twitter. It was Andreessen Horowitz (a16z) – that had agreed to pay $400 million as part of Musk's new $7.1 billion financing commitments. One of America’s top US VC firms apparently, has Vineeta Agarwala as its general partner.

Rumour goes that the whole deal is now going to pose a conflict of interest owing to Ms. Agarwala’s association with Twitter and the funding itself. With the possibility of Musk becoming a partial CEO of the newly acquired microblogging platform, Parag’s position now become insecure as CEO.

If asked to leave, he would receive nearly $39 million due to a clause in his contract on sudden termination of services. His total compensation for 2021 was $30.4 million, largely in stocks.

However, if the deal has come through an ‘under-the-table’ understanding, his exit could mean a huge kickback later, economists feel. All this has come to surface only after Ms. Agarwala’s association has been established with the Twitter sale.

Vineeta serves on a number of portfolio company boards, including BigHat Biosciences, GC Therapeutics, Memora Health, Thyme Care, Pearl Health, and Waymark.

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