Couldn't read due to paywall, but how many YC companies are NOT founded by people from elite colleges? Isn't that really the point of going to an elite college? That someone will give you money to start a company as soon as you finish, no matter how wacky your idea? It almost seems like the old "no one got fired for buying IBM", but updated to "no one got fired for funding Stanford grads". Of course, the defense will be that elite schools are a good "signal" of competency, but at the same time VCs shrug their shoulders and say a 90% failure rate is unavoidable. What a signal indeed!