Comment Re: Harvard Dropouts? (Score 1) 67
This may be a joke but its absolutely correct - 90% of the value of Harvard and most ivy league institutions is in the exclusivity of admission (resume signals), and networking contacts.
Split the value of that however you like but if you drop out after sophomore year to launch a failed startup you're probably getting the most value and ahead of your peers in both costs and long term career opportunity.
I suspect this is a big reason ivy league will be naturally reluctant to drop legacy admissions - its not just the alumni donations, without the implication of old-boys-network-access, newer institutions can be more competitive in value for non-legacy (paying) applicants.