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How to raise angel funding for my startup?

Currently I’m in the stage of building the MVP of my idea. Idea is not something unique. Already has a lot of competitors. In that scenario what is the chance of somebody investing in my startup. And I am also not from any tier 1 colleges or not an ex employee of any unicorn startups. In fact I am a college drop out from a tier 3 college. What is chance of I’m getting funding?

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Sapthinker

Stealth

6 months ago

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StableUse

Others

6 months ago

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MadRainbow49

Stealth

6 months ago

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AlphaGrindset

Series A Startup

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Sherlock007

TCS

6 months ago

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Sherlock007

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"it is harder to make money in angel investing in startups to beat a 5% fixed deposit"- says VC Aviral Bhatnagar

Copy pasting his post: Angel investing in startups will make you feel cooler, but eventually poorer Investing in a future $1Bn unicorn at a $5M valuation is unreally good. A greater than 100x return in 5-6 years is a godly 115% rate of return. 5 lakhs can become 5 Cr. It seems worth the risk But 53% of companies of Indian angel companies die without ever raising, and 98% don’t become unicorns All kinds of angel investing success stories circulate. Uber, AirBnB, Flipkart, have made angels multi-millionaires. Being the first investor in iconic companies is a badge of honour In reality, it is harder to make money to beat a 5% fixed deposit Unlike public markets where you can invest in any stock you want, you cannot invest in every startup you want. Access to startups is a competitive advantage in itself. As a new angel investor without connections in the ecosystem, if you’re getting to invest, the company has likely been passed by everyone. Fundraising is done in a priority order. The best angels will get access to the best deals Even if you’re someone with access to deals, you need to have money. Barring a few founders or investors, few have the ability to invest in 20+ companies. For you to even have a shot at a unicorn, you need to invest in at least 20+ companies. I ran 500 simulations on a portfolio of 1Cr investing in 20 companies, based on real, cold, Indian startup data. 78% of the simulations lost money. Imagine what happens if you invest in 5. There’s a reason why VCs usually have portfolios larger than 50. VCs tend to do better because it is their job to pick companies. Evaluating founders, markets and models all day makes you better than average. Just like leaving public markets to professionals, this too is a full time job. If you have access, ability to deploy capital in 20+ companies, and picking skill you could eventually make money. A rare group have all three. Beyond that, it is at best support for your founder friends, and at worst an expensive hobby