-> went to stanford or harvard -> funded (no questions asked)

I'd edit this to

   -> white male went to stanford or harvard -> funded (no questions asked)

Source: I know lots of female and non-white Harvard grads who didn't get funded. I'm a non-white MIT grad and also found funding very, very difficult even when we had a product. We almost continuously had to spend >1/2 of our working hours just trying to get funding. Hundreds and hundreds of coffee chats plus travel time. We were building hardware, so bootstrapping wasn't an option.

White male Harvard grads I know routinely got funded very quickly, though. They often had time to get actual work done. Even still, most of them didn't succeed in the end.