Source | www.entrepreneur.com
90% of Indian Startups fail within the first five years. Shocking, isn’t it? And that too when 3-4 startups are born every day. Most of them however do manage to secure seed funding, so what goes wrong along the way?
The fact is there’s a lot more that goes into making your startup into the next big thing than what is observed. You need to be at the right place at the right time. And most importantly, know the right people. Leveraging and building connections is something that doesn’t happen overnight. It takes constant effort, you need to be on the lookout for opportunities and make sure you don’t end up missing something you’ll regret later.
This is where Startup Master Class intends to help out. An initiative of IITK Alumni Association, SMC is an event for the entrepreneurs, by the entrepreneurs. The aim is to build collaboration, inclusiveness and interaction among the community enabling them to succeed. This is an opportunity for everyone associated with the startup ecosystem to come together under one roof for fostering the spirit of entrepreneurship and building connections.
Here we invite those passionate, those who’ve dared to venture out and those who’ve been in the business for long, to come share their experiences – the stories of success and failure, and lessons learnt along the way. As someone very rightly said, ‘While it is wise to learn from experience, it is wiser to learn from experience of others.’
Through its 8 editions, organized across various cities in India – Bangalore, Pune, Delhi, Hyderabad, Kolkata, SMC has engaged more than 5000 startup enthusiasts, 200+ delegates, 500+ startups and 100+ Venture Capital firms. This has created an ecosystem for startups to leverage the power of the Alumni – the expertise, mentoring, funding, government and corporate connects – to support their journey.