I totally have seen this happen first hand as well. I would say there is a proportion of "shitcoin degree-holders who turn out to be valuable workers" and "shit

I totally have seen this happen first hand as well. I would say there is a proportion of "shitcoin degree-holders who turn out to be valuable workers" and "shitcoin degree-holders who turn out to be costly but we keep them around anyway". I think the real problem here is that investment capital (i.e money) is still so centralized in the hands of the fortune 500 and some investment banks. Most "run-of-the-mill" startups won't be differentiated by uniqueness of idea or ability to execute-- they'll just be differentiated by how much money they're given and how many rich dudes are in their network. I really dream of the day that 10 high school graduates from Detroit can form a company and bootstrap their way to 100,000 users with a net profit of $1,000,000 a year. I'm not sure such an example exists.