Passport stamp is a great way of putting it
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When I dropped out, the dean of the business school told me in my exit interview that although I paid for 75% of my degree, I was only getting 10% of the value if I didn’t get my diploma. Basically admitting the system was broken.
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Damn. I'm guessing that the 10% (tbh probably more) arises from the people you've met at your school.
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Lamdba: Proof-of-Work College: Proof-of-Stake
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Conversely, I was just telling the latest YC batch how we'd learned not to fund people merely because they seemed nice and would be so happy if we accepted them. If they weren't genuinely suited for starting a startup, all we were doing was signing them up for a lot of pain.
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Incentive alignment is a powerful thing
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It has a lot more to do with belief that admission is a random lottery and most people who are rejected could handle the courses just fine.
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“Random lottery” is pretty generous...
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No risk to handling the course load, for sure. That's because the honest truth is that it is about impossible to flunk out of these Ivy League colleges. Look at the way the GPAs have been going up over the years.
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People are more tolerant when there are no better alternatives; and of the people currently in charge of the vestige of the past, only a few seem to understand how the Internet is currently obsoleting it all.
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