Fancy schools might indeed, coincidentally, vet founders for the same things these particular investors are looking for.
For example, wealthy family safety net for extended risk-taking, connections for finding customers and partners and investors, confidence of founders in asserting will over hires, and appealing to class-based beliefs of other investors.
But since most of us aren't investors, this isn't to say that fancy schools vet for, say, hires.
While I generally like and respect the people I've known who happened to attend fancy schools, I've learned not to pay much attention to what schools someone attended.
For example, wealthy family safety net for extended risk-taking, connections for finding customers and partners and investors, confidence of founders in asserting will over hires, and appealing to class-based beliefs of other investors.
But since most of us aren't investors, this isn't to say that fancy schools vet for, say, hires.
While I generally like and respect the people I've known who happened to attend fancy schools, I've learned not to pay much attention to what schools someone attended.