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Arcane

Hey, I'm on Medialย โ€ขย 9m

As per a survey by Private Circle Research, 60% of the Indian founders built a unicorn in their very 1st attempt !!! 29% of the founders did this in two attempts. Also, after their first unicorn, the same founder takes a median of 1.5 years to tu

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Sajin

ย โ€ขย 

Foundationย โ€ขย 9m

55-60% of unicorn founders are part of IIT alumni network. Isnt this the major reason?

Arcane

Hey, I'm on Medialย โ€ขย 9m

the survey doesn't mention the reason

Sajin

ย โ€ขย 

Foundationย โ€ขย 9m

The reason i gave is independent of the survey, its more like logic. Is it a coincidence that 60% of unicorns did it in first attempt, and 60% of unicorn founders are IITians? Dont you think being an IIT privileged has a major role to play in it?

Arcane

Hey, I'm on Medialย โ€ขย 9m

Yeah. the founders must have a strong background. And being an IITian is a good privilege many founders have that investors are willing to put in their money.

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