I sort of agree with what Kunal has written here.

a) You know some IIT/IIM guys who have failed after raising boatloads of cash. There are others who have done the same, why point fingers at a particular group of people just because they happen to have a common educational background?

b) Secondly, they aren’t using unfair means to leverage their credentials. Investors want a good team and have decided to place their bets on such people. Not the entrepreneurs’ fault, really.

c) I find it really funny when people go all out with their diatribes against hyperlocal, foodtech etc. Give those guys a break, please. Nobody knows what’s going to work out and what’s not. You really can’t expect young founders to get it all right, specially when everyone seems to be going down the drain. Heck, even seasoned investors were once drooling at this opportunity. So it’d be great if we can stop calling out people because they failed. Squandering is wrong, definitely. But not all of the ‘mistakes’ they committed were obvious ones.

d) Finally, like Kunal said, you get to learn so much about the workings of those markets from startup post mortems. Also, the faster people fail, the better it is for the ecosystem. (just saying)