Correlation doesn't imply causation
If you are wondering what I am saying it's simple- “Many of the funded startups are from top institutes/colleges but not imply that - to get funded the startup must be from these top colleges/institutes”
Let's see why this happens, then let's see the logic behind funding and finally what you can do if you are not from these top institutes.
Why this happens:
Culture - events, exposure causing activities
Alums - network, startup opportunities, experience, mentorship
Access to initial capital and resources
Management and rules: If there's a final year credit given to you running your startup if you run one
Great peer networks - you can find great people to work with
Here’s what you can do if you are not from top institutes
Establish connections with students at top institutes: LinkedIn & other social media, attending summits/conferences - create a personal connection - learn and engage with what they are doing (ex. How I do it)
Learn from YC startup school, IIMA How to start a startup series on Youtube - both of these are free resources and other online content taught at top institutes
YC Startup school (Free curriculum): https://bit.ly/startupschool-balajirao
How to start a startup by IIMA: https://bit.ly/iima-balajirao
Work on your skills extensively, learn proper communication
Create content to build your brand, your storefront, and visibility - (How I do it)
The logic behind all of this
Great investors invest in people, not the idea or market.
The chances of a great team succeeding are much higher than an Idea succeeding in the market.
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