[akhilcacharya]

There is a massive difference in how credible you seem (and ergo, are treated) if you have an MIT, Ivy, or Stanford degree. I'm not 100% sure, but my hunch is that very few YC founders come from state schools like mine (although I know at least one did).

[peterwwillis]

Schools only give credibility as a replacement for experience. If you don't have school credibility, go get some experience. This applies to practically everything in life, the exception being when a degree is legally required to do a job.

[akhilcacharya]

I'm sure, but that takes a heck of a lot longer.