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>I guess they are paying $300k for the connections and access to the elites who go to these universities

Can you expand on what you mean by "access to elites"

Let's just say it's not about what you know, but it is about who you know. This applies better at the top universities in the world.

Why not ask Paul Graham (pg) and Patrick Collison (pc)?

Maybe you can ask Peter Thiel and the Thiel fellowship recipients?