Ideas worth Sharing Podcast- Your Weekly Startup Podcast

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

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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

    6. 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

      3. 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)

        3. 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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        Ideas worth Sharing Podcast- Your Weekly Startup PodcastBy Pathange Balaji Rao