We absolutely value the college experience. I, personally, didn't complete college; but I consider it a lot like my military experience. It helps develop the "whole person concept" - there's more than just the skills/tasks for the job that helps develop someone into a productive member of society.
But, once that person is a productive member of society, once they've established that maturity; that's where products like our Nanodegree program fall in to place. We're uniquely positioned to offer educational opportunities in that skills-gap between college and career, between life events (like stay-at home mothers) and re-entering the career field, between your current level/position in your company and the next.
These fields move so quickly... a 4yr degree and completely taking over your life - when you have other commitments (children, a career, etc) - is unreasonable. We are life-long learning and firmly believe every X years (3-5 maybe? society will define this), you're going to need to get yourself back on track given your goals. That's where we fit in - we have no intent to replace college.