It is a bar they use to hire. The barrier to entry. They figure they can't go too wrong if you get over the bar. In the beginning, they just took grads from St

It is a bar they use to hire. The barrier to entry. They figure they can't go too wrong if you get over the bar. In the beginning, they just took grads from Stanford / MIT. Then, someone did a study and figured out that was a bad idea, so now they are doing this. Is it a good idea? For a small startup, absolutely not. But they are at a size and scale where that doesn't really matter.