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Correlation does not imply causation. While this article may portray the trend as "universities that produce successful startup founders", it's very possible t
by zalzane 13y ago
Correlation does not imply causation.
While this article may portray the trend as "universities that produce successful startup founders", it's very possible that it may actually be something like "prestigious universities attract people that come from well connected families who have an easier time creating a successful startup".
I have very little faith in higher educational institutions' ability to actually educate and prepare people like potential startup founders for the real world. This trend of successful startup founders coming out of prestigious universities makes a lot more sense when you consider that high-end unis tend to attract people from affluent, well connected backgrounds.
This isn't to say that rich kids have an easier time creating startups. Rather, I think that affluent families typically become affluent through the ability to form business connections with people, and the ability to form a vast contact network. Through parental influence, these attributes are passed to the children who go on to attend prestigious universities, and eventually create a business for themselves.
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- timr 13y ago"Correlation does not imply causation." Stop saying that. To quote Edward Tufte: "Correlation is not causation, but it sure is a hint." In this case, I don't know if fundraising should be considered "success", but I'm reasonably sure that graduating from Stanford does a lot to grease the funding skids in Silicon Valley. In other words, it might well be a causative factor for success. The appearance of a whole bunch of smoke strongly suggests a fire, not a big smoke machine.