Originally Posted by
scott anderson 
I think I can speak from personal experience on this subject.
I am a business school graduate, the Wharton School of the University of Pennsylvania to be precise, and so is my Dad.
I wear my Blazer to University functions both here in Los Angeles where I live and in Philadelphia when I visit. Generally, I have looked far better dressed than many of my classmates regardless of their so called level of (monetary) success. I am the Anderson-Little heir and a Wharton Graduate raised in Nantucket. I assure you, I can afford to wear anything I want. I choose to wear my Blazer. I receive compliments on it all the time from people who have no idea I make it.
Why? Because a navy blazer is a classic and a classic is always in style. My Classic Blue Blazer is my favorite thing to wear.
Further, if you have to travel to your reunion then most garments will be a wrinkled mess by the time you arrive. My Blazer will not.
And for those of you who cringe at the thought of polyester, then I guess you never wear basketball shorts or underarmor sports gear or fleece? My jacket is lighter, lasts longer, breathes better and costs less than an all wool garment because I know what I am doing guys. I tested fabrics for a year in side by side comparisons and this fabric was consistently selected by customers over "tropical" wool.
That's why it gets recommended here by some of the most discerning clothing shoppers around. They know a great product when they see one.
And one last thought, I think your business school friends will be more impressed by your acumen at finding something that represents a solid value than something trendy and flashy and overpriced. And when they complain about how bad the economy is, you can tell them you're actually wearing something made here in America. It will be a great conversation piece.
Good luck with your new business.