Basiri: Elite VCs failed to grasp demand for tier-two universities
Martin Basiri · Martin Basiri, Founder of Applyboard | How to Find Product Market Fit · PMF Show · Jul 3, 2023 · at 11:51
Martin Basiri, co-founder of ed-tech unicorn ApplyBoard, describes early fundraising challenges and why Ivy League venture capitalists misunderstood the international student demographic.
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“The fundraising for the first couple of years was extremely hard. Because a lot of the VCs, they go to very top schools like Harvard, Sanford, Yale, Columbia, and those schools, UPenn, and the fact that someone's like, sell their home and belongings in India to send one of their children to come to a tier two school wasn't resonating with”
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