It’s interesting that places like Stanford or Harvard, where Facebook was launched in a dorm room in a similar tale to Snap, Inc (right down to the lawsuit), are considered our top educational institutions when we know that the chief benefit of going to such a place is not necessarily the learning that happens, but the chance to rub elbows with people from well-resourced backgrounds.

Craig doesn’t think elite schools need to worry; their degrees will still be used by employers as a sign of quality.