Of course, that's why you show value. When I dropped out of college, I knew I couldn't rely on a piece of paper to say I was smart. I was lucky, it's easy to show value in CS. I don't need anyone's permission to build an amazing web app. That said, there is always something you can do to show value or bring value.

Of course it won't. There are many reasons for this, and one of those reasons is that guided educations have value.