"(Ashok) Arora, a B-Tech from IIT-Bombay (a colleague said he walked into the entrance exam unprepared and came out with flying colours), who wrote most of the critical programs for the company those days, didn’t have the patience and sold his shares in the then unlisted company to the other co-founders for just Rs 25 lakh." - from a Business Standard article Clearly, this was among the better managed and (in hindsight) most expensive co-founder exits that India has seen. Given that it had happened as far as back in 1989 - when forget templates for startup related processes existed, even startups were few and far between - the sum of Rs.25 Lakh for a struggling startup must have been a challenge for the other founders to generate. According to Paul Graham, Founder of famed Silicon Valley-based accelerator Y Combinator, fights between founders are one of The 18 mistakes that KILL Startups . He further states that about 20% of the startups YC ha...