"It’s like getting a degree at Berkeley. Okay. It’s not Stanford. You can a complicated story about how you had to do it because your parents had a big mortgage or something. But it’s a hard negative signal to get past." I agree that YCombinator is head and shoulders above its competitors but is Stanford really considered that much better than Berkeley? Honest question.
Stanford definitely has leg up in terms of Startups. Especially the dot com era. At Cal we don't have equivalent of Google or Yahoo. However, Startups are just one dimension of innovation in technology. Berkeley can easily boast some of the groundbreaking research (not just engineering but overall sciences) during last 100 years.
Disclosure: UC Berkeley Alum here.