Fred Wilson:

We were in a board meeting today and the founder/CEO made a comment about a deal he’s working on and I said “well you learned that well in school.” He smiled and said, “we didn’t go to school” (meaning college). I didn’t actually know that, but it did not surprise me. I have learned that where someone went to college (or even if they didn’t go to college) has absolutely no correlation to whether they will be a good entrepreneur or not. I don’t pay attention to that part of a resume. I focus on what they’ve done in the work world, what they’ve shown they can do, and most importantly what they’ve done to date on that specific startup.
We chuckled about that exchange and the other VC on the board said “I think twenty percent or more of our portfolio companies are led by entrepreneurs who didn’t graduate from college.