I agree that the top universities are good places to find similarly motivated people who are likely to do great things in the future. But college is only four years of your life -- couldn't you build a valuable network by moving to a different location? The Bay Area, for example, attracts top talent in the tech industry, regardless of where they went to school.

I think thats true, but its true of any point in life, including before college. That said, many of the successful people I know still work with their college friends regularly, and still use those connections in a major way. I don't think this is just because they're good networkers, but rather because good colleges are conducive to networking.