In light of the quotation from the submitted article in the first reply here, "The University of Michigan graduates 8,000 engineers a year," how does any one graduate from a state university engineering program show that he or she is one of the "right people" who is worth "above-market rates" to bring on board a start-up's team? The one hiring heuristic mentioned here is hiring someone who already has a job. Is there more to look for? What do people with the best talent do to show their talent? What characteristics are tech start-ups looking for to make sure they hire really talented developers?
Edit to respond to a reply below. I'm glad to hear from one of the interview subjects for the submitted story. I'm not a dev myself, and I am still learning about this industry as a matter of curiosity, having an immediate family member who IS a dev. Sure enough, he has an active personal project in development that he contributes to on GitHub and is deeply interested in learning and education. I was drawn to HN because of Paul Graham's essays on education, and my own work is in the content-development aspect of gifted education in mathematics. I rely on my other family member (also an HN participant) for technical advice when he can cram it into his busy schedule.