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Vikas Acharya
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WelbeĀ ā¢Ā 8m
šš¶š± š® šš®šøš² šš¼šš»š±š²šæ šššš šš š½š¼šš² ššµš² š©š šŖš¼šæš¹š±? Bhavye Khetan, a graduate from UC Berkeley who is of Indian descent, did a little test. He wanted to show that the world of starting new companies and getting money from investors (VCs) might be a bit unfair or "rigged." His main point was to prove that simple things that look impressive like going to a famous university or using trendy tech words can grab the attention of investors, even if you don't actually have a real product, a solid plan, or a business idea. How he did his experiment: 1.Made up a fake identity: Bhavye pretended to be a founder, even though he wasn't really starting a company. 2.Used impressive details: He made sure his fake identity included powerful-sounding credentials: "Stanford Computer Science" (a very respected school for tech) and "Ex-Palantir" (meaning he used to work at Palantir, a well-known tech company). 3.Used popular words: In his emails to investors, he made sure to use the buzzword "AI" (Artificial Intelligence) three times. 4.Sent out emails: He sent emails to 34 different venture capitalists (people who invest in new companies). Surprisingly, 27 of those investors wrote back to him, and 4 of them even asked to have a phone call with him! So, even with no real product or plan, just by using these impressive-sounding details and buzzwords, he got a lot of attention from investors. This made him feel that the system might be focused too much on appearances rather than real ideas.
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