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You answered your own question in the next sentence. If we were bad at picking people, how could we have become the equivalent of getting a Supreme Court clerk

• _pius 14y ago
  "If we were bad at picking people ..." I'm not saying you're bad at picking people. And, for partially self-serving reasons, I don't think MIT is bad at picking people, either. I'm saying that your ability to pick people is orthogonal to whether or not YC solves Chris Dixon's credential trap. The "trap" is a pathological behavior in the seeker, not a claim that credentials are meaningless or that the people who award them are incompetent. Moreover, one can't arbitrarily claim that graduating from a top program in one's field is merely a credential, but completing the top accelerator isn't. They're both valuable, but neither of them is "solving" the credential problem.