This is sadly common in the supposedly meritocratic startup land. Two large startups I recently worked with didn't even bother recruiting new grads outside of

This is sadly common in the supposedly meritocratic startup land. Two large startups I recently worked with didn't even bother recruiting new grads outside of about ten universities, and also placed overly high importance on the universities of even experienced hires. Their reasoning was that they only wanted "the best" employees. I understand that college admission boards already act as a sort of pre-recruiting filter to select competitive students, but it just seems absurd to exclude 95+% of available employees based on a single credential.