I read the American Scholar Article http://www.theamericanscholar.org/su08/elite-deresiewicz.html http://www.theamericanscholar.org/su08/elite-deresiewicz.htm..

I read the American Scholar Article http://www.theamericanscholar.org/su08/elite-deresiewicz.html http://www.theamericanscholar.org/su08/elite-deresiewicz.htm... . Its well written from a man who taught English at Yale for the last 10 years. Worth a read independent of this VC issue. This issue of lack of innovation or exclusivity in the VC and start-up founders community comes up often. The general thesis of these jabs is that somehow the world is "missing out" by relying on Ivy Leagues too much. My instinct says this is true. However, I don't think it matters. Innovators from non-Ivy Leagues will always find their way. VCs will one day loosen up and chase the deals from these sources or they won't and someone else will reap the rewards. If the point is: The rich get richer and people with access get more...well, ok sure ;) fyi, I'm not from an Ivy League background and I do just fine as an IT entrepreneur. I do not have easy access to capital, partially due to my non-Ivy League background, but only a very small part. I don't lose sleep over this. I rely on building good products and a customer base in order to attract investment and preferably revenue. I've come to prefer this approach. Every time I've had access to VC money early, its been a disaster.