For my grant I was asked to sign a simple declaration of means. There was no verification. It was more to do with the aspiration of the Trust rather than an iro

For my grant I was asked to sign a simple declaration of means. There was no verification. It was more to do with the aspiration of the Trust rather than an ironclad requirement (I was funded age 15: the minimum was supposed to be 16). There would be no additional burden on YC to say 'we want to encourage more people from underprivileged backgrounds to start a company'. At this level of funding YC's impact is going to be much greater for that demographic than those whose parents can afford to seed their startup just as they'd buy them their first car.