The simple fact is that it's easier for persons with these backgrounds to be less conservative in their entrepreneurial endeavors than for, say, the guy who struggled through a B.S. or B.A. program and who came from poverty. That sort of conditioning lasts for life almost every time. As a result, the population of people who are likely to put together a truly acceptable YC application are more likely to be found in the "pedigreed" group. It's a flaw in society at large, not necessarily with YC itself.