> Imagine no longer finding value in a person who has started and then sold a company.

This is a great point. One could imagine comparing two candidates for a job, one had started and sold a company, the other just coming out of school. For the meritocracy total-denier the two candidates have equal prospects - since it must have been luck that the one candidate was able to build and sell their company. In practice this is completely false, the candidate that sold their company is light years better than any given recent grad.