We (Winter 08 YC accepted) have 2 founders who are college dropouts (tho one managed to finish his degree after we were accepted), and one founder (me) with a Psychology Degree from a crappy little liberal arts college.
I think YC and the others are looking for demonstrably talented people who yearn to build/launch things. Going to an ivy league school or working at a big company don't necessarily demonstrate these qualities. Even if they do (a little), there are plenty of other ways to show that you rock.
I think YC and the others are looking for demonstrably talented people who yearn to build/launch things. Going to an ivy league school or working at a big company don't necessarily demonstrate these qualities. Even if they do (a little), there are plenty of other ways to show that you rock.