Curious on Pre revenue stage startup investments(Any sector)

Just putting this out here out of genuine curiosity and for learning purposes — hoping to understand the real dynamics behind Pre revenue or idea stage startup investments.

Out of the startups that receive Angel/VC funding, how do they typically break down in terms of background and access? For example:

Out of 100

How many founders raise investment basically from IIT/IIM/other top-tier B-schools or similar elite institutions?

How many are already part of the investor’s network?

How much weight is given to strong English communication, storytelling, and an impressive pitch deck — even if the core idea may not be deeply validated yet?

And more importantly — how often do investors back founders with no elite educational background, no strong network, a simple pitch deck, and basic communication, but a genuinely validated idea and strong on-ground understanding?

If any experienced investors or founders here can share insights or personal experiences, it would be incredibly helpful. If there are things that investors specifically look for, we’d love to learn what founders can do to align better — or whether, realistically, some kinds of startups just aren’t a fit for this route.

Again, not meant to offend or generalize — just trying to understand how things work beneath the surface, especially for those who are building without traditional advantages.

(Additional questions: Is the investment validation/process or undefined criteria in India & other nations like US are same?)

I had asked same question to AI, directed AI to answer as a Angel Investor or Institutional investor, I will be sharing the AI response later after getting few real responses

Thanks in advance for any honest perspectives :pray:

Hi Harshith,

Whenever there is a business which proves it can find customers to adopt, and grow reasonably, it will find investors. Of course at the idea stage, it is tough for most investors to judge and hence best is to build a simple version of the business, with a few customers and show that customers are willing to pay. Investments and everything else will follow.

Pedigree, network etc matter to an extent but not as much.