If you take a guy under the age of 25, give him millions of dollars, and tell him he's a genius, he's going to develop a personality disorder.
In Sweden, we don't have enormous college stadiums.
It is still a mystery to me how recruiting "student athletes", with well below-average academic qualifications and superior athletic qualifications, giving them full-ride scholarships (which can be revoked if they fail to perform on the field) and allowing them to take the easiest courses (with dedicated tutoring staff looking over their shoulders), all while paying coaches the highest salaries on campus and using ticket sales to fund ever-bigger stadiums, has anything at all to do with education.
Perhaps the connection to education is that it is meant to be an object lesson (for the rest of the student body) in how to spot corruption and hypocrisy within power structures.
So I see two paths forward: Admit that the whole thing is a sham and just pay the football players their due; or turn legit and take the big money out of college sports by having actual student-athletes (who are students first).
> If you take a guy under the age of 25, give him millions of dollars, and tell him he's a genius, he's going to develop a personality disorder.
I think it is a little bit more complicated:
I think there exists some very specific personality trait (my guess is either narcissism or at least some predisposition for narcissism; for the rest of this post, let's assume that this is the personality trait) which makes some people prone to this phenomenon.
So, at these hackathons, VCs look for students with two properties:
1. smart (e.g. achieving a good place in the hackathon)
2. has a predisposition for narcissism
It should be obvious why VC have very limited use for people who are not smart. On the other hand, students who don't have a predisposition for narcissism will be much harder to control via the mechanism that you mentioned. So, even if such a student initially get the attention of some VC, he will sooner or later get "dropped" by the VC.
People with NPD make terrible leaders and they literally have a very tenuous grip on reality.
These are exactly the people who get promoted to billionaire status, which hugely amplifies their ability to damage everything and everyone.
The entire system is insane.
you look for ambitious, maybe, but anti-social personality traits are a burned bridge waiting to happen.
the sociopaths, narcissistic or not, know to STFU and roll with it until there is a conflict of interest