So I think the statement is more like statistically in good universities you're more likely to meet other great engineers and cofounders. It of course doesn't mean all students from good universities are better from scrappy people community college. When it comes to reality, I'm a startup founder and how would I screen people? If someone went to Stanford it's a strong good signal. If another guy went to community college but has exceptional technical skills of course I'd hire him than an average Stanford graduates. School or past experience is just one signal but it's a strong signal.
