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jimmy comments on Open thread, January 25- February 1 - Less Wrong Discussion
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I don't think you understand signaling well.
Eliezer managed signaling well enough to get a billionaire to fund him on his project. A billionaire who fund people who drop out of college systematically in projects like his 20 Under 20 program.
Trying to go the traditional route wouldn't fit into the highly effective image that he already signals.
In addition "getting flak" isn't necessarily a bad thing.
It can be counter-signaling if you can get flak and stay standing.
It can also polarize people and separate those who can evaluate the inside arguments to realize that you're good from those who can't and have to just write you off for having no formal education.