Even as an MBA I agree with his thesis that the degree is a negative signal... however that's only true for the early stage tech-based startups. And while that subsection might be 99% of the HN crowd, as a whole for the US it's a pretty small chunk (by count).

I love the notion that MBA's get the degree to get rich. In reality most folks at the top tier schools do the analysis of comparing opportunity costs and realize they may not recoup the investment for 10/15 years! The reason most people get the degree is to switch careers, learn new skills, and build their network.

I'm a bit biased here at UC Berkeley, but I'm actually inspired to see all the startups come out of our class!