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Do those folks really count as traditional credentials?

Google founders suspended their Ph.D. programs.

Bezos has a BS.

Gates dropped out.

Zuckerberg dropped out.

> Gates dropped out.

> Zuckerberg dropped out.

Both of them managed to get into Harvard, which is an academic achievement in itself though.

Not as much really as it is about who you know.

Yes they are a signal at the key initiating step.