Employer & education are only a rudimentary filter for the time being - some of the best engineers I know are self-taught and work at companies you might not have heard of. It's a big challenge, and we'll get there eventually.
I'd love to get your ideas on how to filter through candidates and then communicate their value to prospective employers in a credible way.
Have fun with your Ivy League circle jerk.
That doesn't make it any less frustrating for those of us not graced with the big names on our resume. In the meantime however I've found places like Angel List is a good place to put your profile to find out about startups.
So, the logical question to ask is "What are you doing right now so that in 2 years you are graced with it."