Elitist. Unlike hiring a MBA, a skillset of software engineer can be demonstrated and tested with rounds of interview process with near precise accuracy. It also discourages diversity. Ivies are not a great place to look if you want to hire a fresh talented black CS grad. My $0.02
@ankscricholic sadly it does discourage diversity. But many startups supposedly "need" the name and prestige these graduates can bring with their alma mater.
