Not to mention, college is one of the easiest ways for a person to meet other smart people. Not everyone can afford to be in the Bay Area. A smart student can g

Not to mention, college is one of the easiest ways for a person to meet other smart people. Not everyone can afford to be in the Bay Area. A smart student can get a full-tuition (and often more!) scholarship at a solid state university with a little bit of effort. Join a few interesting clubs, hang around the dining halls, and pretty soon you can find other hackers, or even just awesome people to talk to. If we're truly going to be investing in teams rather than just investing in ideas, I would place at least some additional value to people who met and worked together in college. It's an experience that's hard to replicate in most places in the US, and seems to allow for strong teams to pop up.