In Industry, you can come from no-name university, and you can still make it to FAANG (or top tier companies). In academia, that's impossible. To start, it is impossible to make it to good PhD program without publishing papers in top-tier conference, MSc student in no-name universities can't afford finding advisor to easily do that. Good PhD programs will help you to join a good Lab, and usually it is through network + recommendations.
In Startup world, you can sit in your dorm room, without anyone believing in you and you can make it.
P.S. I am a research engineer, I worked in both places and that was my observations. There is no shortcuts, everything is hierarchical in academia.