I gave a talk recently on angel investing at the Nashik Entrepreneurship Forum . I was very impressed with the turnout. There were over 300 people attending - and most of them were entrepreneurs and prospective entrepreneurs. It seems that becoming a startup founder is now a popular trend, and lots of students are seriously considering this option, which is great news.
The big problem is that many founders in these tier - 2 towns suffer from an inferiority complex because they haven't graduated from an IIT or an IIM ; and they feel they are at a disadvantage because they are not based in the Indian startup hotspots such as Bangalore and Mumbai.