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> Is that going to help her get a job in Silicon Valley while competing with grads from top schools for the same jobs?

Yes, but not with a well-known company as their first gig.

Almost certainly, seeing as how all the companies you don't read about in TechCrunch are desperate for warm bodies.

Yes. Demand > Supply at the moment. Most companies can't get ahold of one of those top school grads because google is giving them a 6 figure offer right out of college.