Startups should be attempted after getting atleast a decade of work experience in the relevant field.(not talking about exceptions).
Problem is not only genuine startups but also fraudalent ones in which loans are taken from corrupt bank officials . Money is diverted and co declared bankrupt.
Engineering graduate quality is bad but how relevant is the theory to the actual industry.
Everyone learns on the job.
Engineers from good colleges are valued because they possess problem solving capacity and work ethic.
Eg of hotmail founder Sabeer bhatia , who sold hotmail for 300 m usd in the 90s to windows but every subsequent startup of his has failed.
So what does that prove.