Trust me, you can lie and get away with it if you go through YC and dropped out of a top university. Garry Tan blocked me on X for pointing this out. It's a big club, and you ain't in it!
Fortunately, some of the old-YC spirit seems to be alive here on HN still.
They likely barely had a product when they applied to YC. It's more interesting as to why this wasn't discovered (if it is even true) when they were raising their Series A.
Well that's what I'm saying. The problem is if you went through YCombinator there's very little diligence when raising your Series A. I've seen it happen for a couple of startups that I was tangentially involved in.
Fortunately, some of the old-YC spirit seems to be alive here on HN still.