Fine, cronyism then, if that technicality was the snag.
Zuck was very well connected in the academic, legal, tech and finance industry, that's how he got away with theft and got VC money thrown at his company and not other companies doing the same thing.
Like you couldn't get an account at Facebook in 2005 unless you were were a ... I don't remember ... Harvard student?
Regarding nepotism: You know, "oh I remember that guy from my time at Harvard University so let's hire him" .. isn't that nepotism?