I think the applicability of this is limited to comp sci geeks. A Master's is certainly not enough education to do research in the wet physical sciences, and often even some postdoc experience (OR a gig in the industry) is demanded.
Elizabeth Childs writes:
> To many in Silicon Valley, "PhD" can have negative connotations. They think
> "missed the boat on the whole internet thing" or "can't deal with the real
> world". It's certainly not a universal attitude, and there are many people
> with ties to academic culture who value formal education. But there is a
> Wild West, "You may have book learning, but can you shoot?" attitude that
> I've seen before, even among the elite.