No, needing sessions with flash cards is cramming. Knowing those answers and communicating them should be something you can do on the fly.
By doing flash cards, they were able to accomplish the exact goal you stated much quicker and more effectively than blundering their way through the YC interview and trying again in 6 months after they've had real pitches. Or should everyone just be as amazing as you are and be able to communicate these things without ample practice? Ridiculous.
They test for how prepared you are and how motivated you are in working to be given an offer.
Asking "what the interview tests for" is a pertinent one as any entrance process becomes increasingly formulaic.