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Comment by nreece | Hacker News Reader

  We were advised (in retrospect incorrectly) to be ambiguous
  and say "raised under $1M" when the amount we raised was
  actually much less.

Advised?! By whom.

You sound surprised but this is extremely common in smaller deals IME.

YC?

No, not YC. This issue isn't that important. If investors don't like the way we spent their money, that matters. Confusion on a blog doesn't matter.

I could be wrong, but that doesn't sound like the type of thing YC would advise...