The early-stage startup funds will be used as the working capital as it is sufficient to run and scale the business for students. students in institutions, by the time of the 2nd academic year, would have deciphered their interest and like-minded individuals with whom they can travel along. Many successful startups were founded by students; one such example is Facebook. Mark Zuckerberg started Facebook as a part of his college project along with his friends and fellow roommates at Harvard University. The photo posting network was limited to Harvard University but later expanded to other colleges. Inspired by the idea, Peter Thiel made the first seed capital investment for Facebook and joined the board. A student, fortunately, got capital and expertise along the way which propelled his entrepreneurial journey and success on Facebook. Seed investors or angel investors bring expertise and vast experience working with startups across industries. Raising seed capital provides financial leverage to startups, this can be utilized to acquire new customers, procure new opportunities, move fast and gain a competitive edge in the market. The surge of Facebook investment by Peter Thiel after Reid Hoffman declined and redirected them has pulled over the traction of Accel Partners into the series A merchant banker.
