Like many novice entrepreneurs, student entrepreneurs starting their own ventures for the first time face many challenges such as lack of knowledge about the industry, market, and technology and also lack of confidence. These hurdles have been often collectively called liabilities of newness and smallness. To overcome these deficiencies young startups seek the support of university incubators, other entrepreneurs, professors, industry experts etc. The extent of support that they receive can have a significant impact on their evolution, success and ultimate survival.