Elite universities are selling status. That takes time to build. Most talented young people seeking status don't want to be in the generation of students who don't get the status. Thiel Fellowship and YC are more interesting competitors since they have crossed the status threshold.
Right. Proven by the quality of the graduates. I think there’s plenty of room to improve from entrance to exit West Point meets School of Athens
you can be elite or you can be different (still have to be good though) If schools are selling status, network and connections, what are they missing? What would a disruptor have to do something tells me the answer might appear before us in the founding stories of religions