So focus on what people can do. Not what they did. Seriously. You'll find some crazy smart guys who this whole time weren't even being called back.
This is how people should be hired. Formally educated or self-taught is irrelevant. What matters is if you believe I can accomplish the work you need done within the time you expect. As a hiring manager, you either trust I can accomplish the job or you don't. My past experience can only really contribute to establishing (or harming) the trust in the potential business relationship. Ability to solve complex problems with clean engineering principles/practices is what should be sought out, not x number of years in a particular language or technology. After that you're negotiating a price that's hopefully within your budget to make a profit on my contributions.
Doubt is a pain too lonely to know that faith is his twin brother. - Kahlil Gibran