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Well good job, we've made an astounding discovery: places like Harvard and Stanford are colleges (i.e. educational institutes). In the most forward way, you've proven the point of this thread right. There are plenty of successful firms that didn't start from HYPS grads that also employed the "employ your college buddies" methodology, it's not just exclusive to top schools.
So the true point is, obviously ignoring the losers who don't even know what they're arguing, it's not where you go, it's just that you went (and hopefully met some people).
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Uh, no, that's not the true point. The
actual true point is that some schools will expose you to a group of people with higher potential than will other schools, thereby increasing your chances of meeting that 'special someone'. Certainly, no guarantees. But the chances are higher.
It's like if you're a woman who's looking to meet an amazing man who will be your future husband, you have to go to where the men are. And not just any place where there are men, but a place where there are lots of men who are single and who are successful, tall, and handsome. That's how you maximize your chances.
Now, don't get me wrong. Nobody is saying that any college will guarantee success. Nothing can
guarantee success. It's all a matter of improving your odds.