As a person just outside the 2% (yes, I failed those entrance exams) and yet currently residing in Silicon Valley, I disagree. I would much rather preserve the

As a person just outside the 2% (yes, I failed those entrance exams) and yet currently residing in Silicon Valley, I disagree. I would much rather preserve the sanctity of those few colleges. I'd rather have other universities collaborate/compete with the IITs. Not very different from how CMU is competing with IVY league universities here.