What They Don’t Teach You at Harvard Business School

Bengaluru:
Indian startups sign up for Draper University of Heroes programme
Less than two years ago, Mithun Srivatsa, then a 29year-old graduate from Cambridge’s business school, found himself in Silicon Valley , rubbing shoulders with the masterminds behind Yahoo and Intuit and watching experienced entrepreneurs pitch to top-line venture capital firms. Today , he is the cofounder of Blowhorn, a Bengaluru-based minitruck on hire service backed by venture capitalist Tim Draper.Srivatsa was part of the Draper University of Heroes, a sevenweek entrepreneurship programme started in 2013 by Draper, the legendary founder of venture capital firm Draper Fisher Jurvetson. Framed as a condensed MBA programme, the course -which runs four batches every year -pits a few dozen aspiring founders into a whirlwind of meetups, pitches, iterations, workshops, and mentoring sessions.

“The programme was designed on startup ethos and was super dynamic at a very high level. Draper was observing everyone in a keen manner and was super helpful to everyone,“ said Srivatsa. Past speakers include Elon Musk and Zappo’s Tony Hsieh.

The top entrepreneurs of every class are then funded by Tim Draper himself. Besides Blowhorn, Draper has also put money into Fyne, a food startup that is about to launch in Bengaluru. Meanwhile Glavio, started by TED Fellow Apurv Mishra, has received funding from the Draper family and is currently setting up shop in Bengaluru. Other successful alumni of the programme so far include female health device company nVision and marketing analytics company Loopd.

“It was a really good entry point into Silicon Valley,“ said Raman Shrivastava, cofounder of Fyne, who ran a crowdfunding campaign to support his tuition at Draper University . “Now, I have deep connections there and have raised money in the US, and the network is still very useful in terms of connections.“

The programme costs $9,500 (. `6 lakh), which includes room, board, and office space. Scholarships are available, and successful applicants receive assistance with obtaining a visa to enter the US. The most recent class of 70 hailed from 33 different countries, Tim Draper told ET.

Source: The Economic Times

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Author:

Neeraj; an entrepreneur & a visionary in the field of Railway, Defense & Automobiles, is a graduate in commerce and a Harvard Business School Alumni. He’s an expert in govt. liasoning & contracting and has an exceptional network & connections at both local as well as global level. He’s an expert in Market Strategy & Planning and has served number of overseas companies as an advisor/consultant. He takes a profound interest in upcoming startups & is very receptive towards ground-breaking ideas & innovations. He likes to brainstorm those ideas and if the values & philosophies matches; he is even ready to invest his resources, serve as a mentor or act as an incubator to futuristic businesses.

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