Maybe part of the issue is "Many of the best college students at MIT are risk averse and think short term." The top students at the top universit[y|ies] form quite a narrow recruiting pool. Are you sure the people you are looking for can only be found within this group? You've also just helped to alienate the top 1% of students from long tail universities, or none at all (why waste time on a program that will sift based on your alma mater rather than your abilities? - I mean what are you actually looking for from recruits?)
Also, if that is your target group it's bizarre to exhibit any sort of surprise that there is fierce competition from other recruiters (Wall Street, Google), and that statups might not fare well against them (who has more $$$ to offer?).
"Too Many Startups / Choice Paradox. Students have no idea how to pick the right startups. Even if they did, there are an overwhelming number of choices. This is classic paradox of choice."
I expect that anyone who knows how to pick the right startups should consider moving into venture capital.
Also, if that is your target group it's bizarre to exhibit any sort of surprise that there is fierce competition from other recruiters (Wall Street, Google), and that statups might not fare well against them (who has more $$$ to offer?).
"Too Many Startups / Choice Paradox. Students have no idea how to pick the right startups. Even if they did, there are an overwhelming number of choices. This is classic paradox of choice." I expect that anyone who knows how to pick the right startups should consider moving into venture capital.