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Seems anecdotally true for many so called "Elite" careers, ie. Investment Banking, Management Consultant, Law, etc. They mainly hire from "Elite" schools.
I thought that this article was going talk about how 2020 broke apart SV and caused everyone to scatter. But to say it was 2012? No way. That totally misses out on Uber, Stripe, Coinbase, Lyft, Plaid, and many more.
Facebook has been unable to stop new entrants: Pinterest,
Snap, Tiktok, Twitter - All global and multi billion dollar companies, and still growing.
More to come are: Telegram, Discord, Houseparty, Clubhouse
Plus global competition from: Wechat, Weibo, Line
Social networks come and go. The space is a lot more whimsical than people think. Remember Friendster, MySpace, AIM. A new challenger will emerge every 3-5 years.
He’s making more money at Apple than he will leading his own design agency.
This makes me think that he no longer finds his work compelling at Apple. Or Apple decided it’s time for a new leader, but wants things to have a soft landing.
I wish this article would touch upon economic trends' impact on MBA applications.
MBA applications go down as the economy performs. The opportunity cost is higher when there are well paying jobs readily available and promotions to be had without needing to go back school.
During a recession, MBA applications should go up as work is not as readily available. People also want to retrain their skills to make themselves more marketable to employers, as anyone else would do by going to vocational schools during hard times.