YC can chase MIT graduates because they operate in that social stratum - YC's ex con is a professor there. Its most famous founder got his CS degree from the liberal arts school on the 'good' side of the Cambridge tracks. The third worked in Boston's second industry, banking up to the founding.

There are highly capable graduates from community colleges, e.g. Hanselman. But investing is about maximizing the odds with finite time to collect information. Altman is chasing the odds by taking his dog and pony to Cambridge, Mass rather than Troy, Al. It's business.

I apologize for offending you. The reference was self-depreciating on one level and an obscure reference to a respected tech leader that Altman's recruiting optimization tactic would miss. I'll point out that your stereotyping is 'Alabama bumpkin' by value rather than reference.