Founders struggle to leverage their expansive IIT alumni network to raise significant funding rounds. Tapping into this group can fast-track deals, but outreach remains siloed and effortful.
The Race Against Time
Startups need working capital - fast. Typical 3-6 month fundraising timelines strain already lean teams. Yet burdensome alumni outreach pushes founders toward easier alternatives, even if less aligned.
Efficiency Over Relationships
Instead of personalized alumni backing, founders opt for established platforms promising streamlined processes to close deals. But these ventures lose out on tailored advice and networking in exchange for efficient paperwork.
The CEO's Distraction
Successfully raising pooled alumni capital requires a disproportionate founder commitment. In 9 out of 10 cases, the impetus and coordination fall fully - and distractingly - on the CEO.
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