They could have created a business around it. They could have attained departmental, IT, and/or administrative backing... along with all the improvements to access, support, and coverage that can bring.
What looks better? We got shut down right out of the gate for having no idea how to go about securing our venture or... We brought our technical acumen to the right eyes and ears and sold ourselves to the king-makers in our little world.
This is a dress-rehearsal for investors. What these kids proved was they want to be more Pirate Bay than Facebook. More pejorative hacker than Hacker News hacker.
The university went from "awful system implemented 20 years ago by Sungard" to "awful system implemented 1 year ago by Sungard". Don't pretend this YBB+ app, created by students, had any chance of being accepted by the university. Furthermore, it is a joke to claim futility and waste of talent for these men who built this website, created out of a real-world (first-world) problem and proven to serve user demands.
It sure sounds like there is nearly a contractual obligation by Yale to provide data a certain way. Whatever agreement made this possible could get undermined. Then NO data will be made available and poor Yale students can go back to just lists of courses.