The point here at least is that the data is showing that this is a poor way to judge the outcome of the company.
This stands to reason, valley investment is often a conveyor belt of:
Ostensibly good school -> Ivy League STEM programme -> Tech job / investment
That's a very narrow selection pool to part your money on the basis of, given that by default it will produce candidates with little experience of the real world or the realities of competing in a marketplace right before they compete in a global marketplace.
There are obviously exceptions to the above (there's a great many even within YC) but it just reinforces the point that having a few people pick other people to give money to based on them being their kind of people to outcompete a globally large group of yet more people performs relatively poorly as an investment strategy.
The point here at least is that the data is showing that this is a poor way to judge the outcome of the company.
This stands to reason, valley investment is often a conveyor belt of:
Ostensibly good school -> Ivy League STEM programme -> Tech job / investment
That's a very narrow selection pool to part your money on the basis of, given that by default it will produce candidates with little experience of the real world or the realities of competing in a marketplace right before they compete in a global marketplace.
There are obviously exceptions to the above (there's a great many even within YC) but it just reinforces the point that having a few people pick other people to give money to based on them being their kind of people to outcompete a globally large group of yet more people performs relatively poorly as an investment strategy.