Isn't this old news? It's very interesting, because on top of the ad placement, the binning of promotions may radically reduce the efficacy of email-based sales. Fab, Groupon, Grand St., etc, are probably not too happy about this.
"For being at an elite "best-of-the-best" school, these students sure sound like a bunch of spoiled children", "They're not the people who ever build cool things anyway though, so who cares." - These and similar sentiments seem a bit common on HN and, to me, seem rather myopic and, frankly, immature. The latter statement is pretty clearly false and I don't plan on listing examples to demonstrate that.
Going to a "best-of-best" school is rarely not in someone's best interest. I did go to Harvard undergrad and I did not attend YC, but the draw is similar: sure the prestige matters and I don't think that's necessarily a bad thing, bu the real value is in the people that you live and work with, both peers and mentors.
Does giving money help you get into Harvard? I'm sure it does and if that money benefits the undergraduate population more than having someone who is subjectively less deserving in that class is a detriment, then it is in all students' best interest to have the paying member accepted.
Regarding the cheating: It happens and I'm sure it happens at every campus. I don't think that's what happened to half of this class. It's a large class, it's probably required for Gov concentrators, and it seems clear that the expectations were not understood by the students or the teaching fellows. What I DID do a lot of was pool notes in preparation for an exam, and I wouldn't be surprised if that is responsible for a lot of the consistencies in test answers. Why redefine a term that you have a ("the") definition for in your notes? And honestly, I think it's healthy to have varying levels of respect for different material. If I want to be a physicist, I'm going to really make sure I understand linear algebra. For the Core class on Chinese history, I'm going to pool notes, cram, and try to scrape an A, because the A means more to me than the knowledge.
Sorry to address several topics; I've been reading HN for a while and this is my first comment, so I'm still learning the ropes.