The flip-side of this that you have a bunch of very smart young people absolutely dripping with theory knowledge and close to zero relevant real world experience in anything applicable in this space. The ability of college university teams to make exceptionally bone headed f ups is very well known. I've mentored a couple of university rocket teams for over 5 years now and I can tell you it's often an exercise in 'unknown unknowns'.
USC RPL has been at this for almost 20 years now. Their main competitive advantage (besides in-house cf cased motors) is documentation and knowledge transfer. As I'm sure you can imagine there are probably no founding team members actively involved today. I was at Balls in 2013 (IIRC it was 13) when they launched their first Traveler rocket, which was their first space shot attempt. They didn't actually reach that goal until April 2019.