🏛️ Ep6. Here’s why we see IIT’s, IIMs producing a lot of startups- Why, how explained

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:

1. Culture - events, exposure causing activities
   

2. Alums - network, startup opportunities, experience, mentorship
   

3. Access to initial capital and resources
   

4. Management and rules: If there's a final year credit given to you running your startup if you run one
   

5. Great peer networks - you can find great people to work with
   

Here’s what you can do if you are not from top institutes

1. 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)
   

2. 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

1. Work on your skills extensively, learn proper communication
   

2. 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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