{"id":21342,"date":"2016-09-14T04:43:33","date_gmt":"2016-09-13T23:13:33","guid":{"rendered":"http:\/\/officechai.com\/?p=21342"},"modified":"2016-09-14T04:43:33","modified_gmt":"2016-09-13T23:13:33","slug":"great-startup-founder","status":"publish","type":"post","link":"https:\/\/officechai.com\/startups\/great-startup-founder\/","title":{"rendered":"What Makes A Great Startup Founder? We Crunched Some Stats To Find Out"},"content":{"rendered":"<p><span style=\"font-size: 12pt; color: #000000;\">It&#8217;s the million dollar question &#8211; what makes a startup founder successful? Startup gurus pontificate on it, VCs have their takes, and been-there-done-it\u00a0entrepreneurs put in their two cents as well. But we decided to do some hard number crunching to figure out what makes startup founders tick.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">To start with, we selected the most successful startup founders India has &#8211; founders whose companies have touched a valuation of $1 billion or more. There are 14 such <span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/officechai.com\/stories\/india-richest-startup-entrepreneurs-2016\/\" target=\"_blank\">unicorn founders<\/a><\/span>: Sachin Bansal and Binny Bansal from Flipkart, Kunal Bahl and Rohit Bansal from Snapdeal, Vijay Shekhar Sharma from Paytm, Deepinder Goyal and Pankaj Chaddah from Zomato, Pranay Chulet from Quikr, Naveen Tewari from InMobi, Bhavish Aggarwal and Ankit Bhati from Ola, and Sandeep Aggarwal, Sanjay Sethi, and Radhika Aggarwal from ShopClues.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">We tried the analyse for the backgrounds of these people. It&#8217;s very hard to quantify traits such as grit and intelligence, so we looked at hard facts &#8211; education, career trajectories, and other information in the public domain.<\/span><\/p>\n<p><iframe title=\"What makes a great startup founder?\" width=\"640\" height=\"360\" data-src=\"https:\/\/www.youtube.com\/embed\/uwGY34RAbgQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"1\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Some findings jumped out.<\/span><\/p>\n<ol>\n<li><span style=\"font-size: 12pt; color: #000000;\">It&#8217;s hard being a woman entrepreneur: There&#8217;s just one woman &#8211; Radhika Aggarwal of ShopClues- in the list out of 14 entrepreneurs, making up just 7% of the set. Those who bemoan that women are represented poorly\u00a0in tech are probably right.<\/span><\/li>\n<li><span style=\"font-size: 12pt; color: #000000;\">There&#8217;s a huge skew towards engineering: Twelve of the 14 unicorn founders have engineering degrees, though the branch doesn&#8217;t seem to matter all that much. All unicorn startups are essentially tech concerns, but only 6 of the 14 unicorn founders specialized in Computer Science.<\/span><\/li>\n<li><span style=\"font-size: 12pt; color: #000000;\">IITs dominate: Predictably, there are lots of IIT alumni among the list of unicorn founders &#8211; 71% of the list went to IIT.\u00a0<\/span><\/li>\n<li><span style=\"font-size: 12pt; color: #000000;\">IIM degrees don&#8217;t seem to matter at all: This is the real shocker &#8211; just one person of the 14 went to an IIM &#8211; Pranay Chulet from Quikr. So much for the IIT-IIM tag. As far as unicorn founders go,\u00a0all that seems to matter is the IIT tag.<\/span><\/li>\n<li><span style=\"font-size: 12pt; color: #000000;\">MBAs don&#8217;t matter all that much: Just 5 of the 14 founders had an MBA.<\/span><\/li>\n<li><span style=\"font-size: 12pt; color: #000000;\">Age is really just a number: The age at which these entreprenurs doesn&#8217;t seem to matter &#8211; there&#8217;s a fair divide among the &lt;=26, 26-30, and 30+ age groups.<\/span><\/li>\n<li><span style=\"font-size: 12pt; color: #000000;\">Unity is strength:\u00a0There were just 2 solo founders in the list &#8211; Vijay Shekhar Sharma and Pranay Chulet. Entrepreneurship is lonely; your odds of success improve if you have cofounders.<\/span><\/li>\n<li><span style=\"font-size: 12pt; color: #000000;\">Get your feet wet first: Most tellingly, a whole 91% of unicorn founders didn&#8217;t jump straighaway into entreprenurship. They held regular corporate jobs. A few years of watching how big companies work can really help when you start off on your own.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-size: 12pt; color: #000000;\">So what does this mean for budding entrepreneurs? Given you&#8217;re reading this and presumanly have already been\u00a0born, you can&#8217;t really help with point 1. If you&#8217;re still a student, engineering will reap the highest rewards. Computer Science helps, but is not vital. If you&#8217;ve finished your engineering and are wondering if getting an MBA will help you realize your entrepreneurial goals, it probably won&#8217;t. It&#8217;s expensive and perhaps great for management roles at established companies, but data shows that it&#8217;s not really going to help all that much with a startup. Get a cofounder, and most importantly you don&#8217;t need to jump headlong into entrepreneurship right after college &#8211; most successful founders worked for a bit before they really hit it big.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s the million dollar question &#8211; what makes a startup founder successful? Startup gurus pontificate on it, VCs have their takes, and been-there-done-it\u00a0entrepreneurs&#8230;<\/p>\n","protected":false},"author":1,"featured_media":21343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[254,46,20],"tags":[],"class_list":["post-21342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","category-stories","category-videos"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Makes A Great Startup Founder? We Crunched Some Stats<\/title>\n<meta name=\"description\" content=\"Great startup founders are few and far between. We crunched the data for Indian unicorn startups, and tried to find out what makes entrepreneurs tick.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/officechai.com\/startups\/great-startup-founder\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Makes A Great Startup Founder? We Crunched Some Stats\" \/>\n<meta property=\"og:description\" content=\"Great startup founders are few and far between. 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