thats a really odd take, how did you start with connections and end up with consumer marketing?
is this a personal experience or is this non-sequitur is a common sentiment because we need to address that as ignorance
1) the admissions into the Ivy would be biased, the education should be the same as before, as admissions into Ivy were always biased in some way. So whatever their alumni (and dropouts) were known for in that brand would still be the same.
2) aggregate better decisions due to different lived experiences doesn't mean just selling consumer products to underprivileged people. you're really going to have to work on what people mean by that, "sales to poor people" isn't the whole universe of different lived experiences, there can be other market inefficiencies with a good TAM. very similar to non-revenue based reach.
Probably because there's almost always an Asian who's more qualified or a white with better connections. The problem is the key insight you get from a BIPOC is BIPOC tend to not have much money (set aside equity and vicious cycles for another day), so unless they're your market, you're not interested in marketing to people who can't afford your products.